Sky Gold and Diamonds Limited has announced significant developments in its Employee Stock Option Plan 2024, with the Nomination and Remuneration Committee approving multiple initiatives on 9th February 2026. The company granted 13,230 stock options to eligible employees, modified existing vesting schedules, and completed the allotment of 10,000 equity shares under the SKY GOLD – ESOP 2024 scheme.

Grant of New Stock Options

The Nomination and Remuneration Committee approved the grant of 13,230 stock options to eligible employees under the Sky Gold Limited - Employee Stock Option Plan 2024. These options provide employees with the opportunity to acquire equity shares at a predetermined price, aligning their interests with the company's long-term growth objectives.

Modification of Vesting Schedules

The committee approved modifications to the vesting schedule of stock options previously granted to eligible employees on 3rd February 2025. The modification affects 1,00,000 options while maintaining compliance with SEBI regulations and the minimum one-year vesting period. The revised schedule redistributes the vesting percentages across the five-year period without changing the total number of options granted or the exercise price.

Equity Share Allotment

The company completed the allotment of 10,000 fully paid-up equity shares of face value Rs. 10 each following the exercise of options by eligible employees. The allotment was executed under the SKY GOLD – ESOP 2024 scheme with necessary approvals from both BSE Limited and National Stock Exchange of India Limited. The exercise of these options generated Rs. 1,00,000 for the company and resulted in the issuance of 10,000 new equity shares.

Impact on Share Capital

The allotment of 10,000 equity shares resulted in an increase in the company's paid-up equity share capital. The newly issued shares rank pari-passu with existing equity shares in all respects, including dividend rights. The company has obtained necessary in-principle approvals from both stock exchanges where its shares are listed.

The Nomination and Remuneration Committee meeting was conducted on 9th February 2026, commencing at 10:03 A.M. IST and concluding at 10:10 A.M. IST. All decisions were made in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sky Gold and Diamonds Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, and subsequently submitted a comprehensive investor presentation to BSE and NSE on February 10, 2026. The gold jewellery manufacturer reported exceptional operational performance across both standalone and consolidated operations during Q3FY26, demonstrating significant growth momentum.

Regulatory Compliance and Investor Presentation

Following the announcement of Q3FY26 results, the company submitted an investor presentation to stock exchanges under Regulation 30 of SEBI Listing Regulations. The presentation was made available on the company's website at www.skygold.co.in and provides detailed insights into the company's financial performance and strategic initiatives.

The financial results were reviewed by the audit committee and approved by the Board of Directors on February 9, 2026, with the board meeting conducted from 10:50 A.M. to 11:55 A.M. IST. Statutory auditors V J Shah & Co issued unmodified reports on both standalone and consolidated financial results.

Consolidated Financial Performance

The consolidated financial performance showcased remarkable growth, reflecting strong contributions from the company's expanded subsidiary network. Consolidated revenue from operations for Q3FY26 reached ₹1,767.7 crores compared to ₹998.0 crores in Q3FY25, representing a 77.1% year-on-year increase. Consolidated net profit for the quarter stood at ₹80.5 crores, significantly higher than ₹36.5 crores in the previous year's quarter.

Standalone Financial Results

The company's standalone operations demonstrated impressive growth for Q3FY26. Revenue from operations reached ₹1,37,570.95 lakhs compared to ₹72,972.67 lakhs in Q3FY25. Net profit for the quarter stood at ₹6,106.34 lakhs, substantially higher than ₹2,760.57 lakhs in the corresponding quarter of the previous year. For the nine-month period ended December 31, 2025, standalone revenue totaled ₹3,33,593.53 lakhs compared to ₹2,17,014.72 lakhs in the previous year.

Strategic Growth Initiatives and Market Position

The investor presentation highlighted the company's strategic roadmap and competitive positioning in the gold jewellery market. Sky Gold operates through 2,000 retail outlets across India and 500+ outlets globally, with a manufacturing capacity of 14.4 tonnes per year. The company's 1,35,000 square feet manufacturing facility supports its extensive product portfolio across multiple brands including Rangi, Marisa, Saathiya, Sovana, and Sky9 Diamonds.

Subsidiary Expansion and Accounting Changes

During the period, the company expanded its subsidiary structure through key developments including Speed Bangle Private Limited becoming a wholly owned subsidiary on July 30, 2025, and the establishment of Sky Souk Jewellers LLC as a wholly owned subsidiary on September 4, 2025. The company also implemented a significant accounting change effective April 1, 2025, switching its depreciation method from Written Down Value to Straight Line Method, resulting in Q3FY26 depreciation expense being lower by ₹80.40 lakhs on standalone basis and ₹233.32 lakhs on consolidated basis.