Sky Gold And Diamonds has successfully completed its postal ballot process on December 13, 2025, with shareholders approving all four special resolutions with the requisite majority. The company announced the voting results in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Designation Confirmation

Following the postal ballot approval, the company has formally confirmed the change in designation of Mr. Virupaksh Kolla (DIN: 11324602) from Additional Non-Executive Independent Director to Non-Executive Independent Director, effective from October 1, 2025. This confirmation was communicated to both BSE Limited and National Stock Exchange of India Limited on December 13, 2025, pursuant to Regulation 30 of SEBI Listing Regulations.

Resolutions Approved

Shareholders voted on four critical special resolutions that will shape the company's operational and financial framework:

Voting Results and Participation

The postal ballot process demonstrated strong shareholder participation across all categories. The e-voting facility was provided by National Securities Depository Limited (NSDL), with the voting period commencing on November 14, 2025, at 09:00 AM and concluding on December 13, 2025, at 05:00 PM.

Resolution 1: Director Appointment

The appointment of Mr. Virupaksh Kolla received overwhelming support:

Other Resolutions Performance

Process and Compliance

Mr. Shivang Goyal, Proprietor of M/s. Shivang G Goyal Associates, served as the scrutinizer for the postal ballot process. He was appointed by the Board of Directors on November 13, 2025, to receive, scrutinize and process the votes. The company maintained full compliance with applicable MCA circulars and SEBI regulations throughout the process.

The cut-off date for determining eligible shareholders was November 7, 2025. The voting results and scrutinizer's report are available on the company's website at www.skygold.co.in and NSDL's e-voting portal. All relevant details pertaining to the director designation change were previously disclosed to stock exchanges during the Board Meeting held on October 1, 2025.

Sky Gold And Diamonds ' wholly-owned subsidiary, Starmangalsutra Private Limited, has executed a partnership agreement on December 11, 2025, to acquire a 51% partnership interest in Shri Rishab Gold, a jewellery manufacturing firm. This development follows the company's earlier announcement in October 2025 regarding the planned acquisition.

Partnership Agreement Execution

Acquisition Overview

The partnership agreement marks a significant milestone in Sky Gold And Diamonds' expansion strategy within the traditional mangalsutra jewellery segment. Starmangalsutra Private Limited, being a wholly-owned subsidiary, provides the parent company with direct access to Shri Rishab Gold's manufacturing capabilities and customer portfolio.

Strategic Benefits

The acquisition is positioned to deliver multiple strategic advantages for Sky Gold And Diamonds. The company gains deeper market penetration into the traditional mangalsutra jewellery segment while expanding its customer base through Shri Rishab Gold's existing client portfolio, which includes relationships with major jewellery brands across India.

Regulatory Compliance

Sky Gold And Diamonds has maintained transparency throughout the acquisition process, with the latest update filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no changes to the transaction details previously disclosed to stock exchanges in October 2025.

This strategic move demonstrates Sky Gold And Diamonds' commitment to growth in the specialized jewellery manufacturing sector, potentially strengthening its market position and providing access to new customer segments within the traditional jewellery market.