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 Limited, a leading B2B jewellery manufacturer, has reported a stellar performance for the second quarter, showcasing robust growth and strategic expansions. The company's financial results and recent developments paint a picture of strong market positioning and ambitious growth plans.

Financial Highlights

Sky Gold And Diamonds recorded an impressive 93.1% year-on-year growth in revenue for Q2, reaching INR 1,484.00 crores. This substantial increase was accompanied by a remarkable 82% rise in Profit After Tax (PAT), which stood at INR 67.00 crores. The company's performance demonstrates its resilience and strength in a dynamic market environment.

Key Performance Metrics

Operational Highlights

• Volume Growth: The company increased its production volume to 544 kgs per month, marking a 20% growth compared to Q1.
• Product Mix: Sky Gold And Diamonds has seen a shift in its product mix, with 18Kt gold business now accounting for 7% of sales, and the studded jewellery segment doubling to 1.5% of total revenue.
• Advanced Gold Model: The company's advanced gold model now stands at 7% in Q2, contributing to improved gross margins.
• Working Capital Management: Sky Gold And Diamonds improved its working capital cycle by 7 days in September compared to March, reflecting better inventory management.

Strategic Expansions and Acquisitions

1. Speed Bangle Private Limited: Sky Gold And Diamonds completed the acquisition of Speed Bangle Private Limited (formerly Ganna N Gold), which is expected to strengthen the working capital cycle with its 100% advanced gold business model.

2. Shri Rishab Gold Acquisition: The company entered into a non-binding term sheet to acquire a majority stake in Shri Rishab Gold, a reputed Mumbai-based jewellery firm known for its strong presence in the mangalsutra segment.

3. International Expansion: Sky Gold And Diamonds established a new B2B sales office, Sky Souk Jewellery Trading LLC, in Dubai, UAE, to strengthen its foothold in the Middle East market.

Export Growth and Future Outlook

The company's exports have doubled this quarter, reaching approximately INR 150.00 crores, reflecting early success in its international expansion strategy. Sky Gold And Diamonds remains on track to achieve its revenue target of INR 5,400.00 crores, driven by new client acquisitions, operational efficiencies, and enhanced management capabilities.

Mangesh Chauhan, Managing Director of Sky Gold And Diamonds Limited, commented on the results, stating, "Our performance this quarter demonstrates our operational efficiency, customer trust, and ability to adapt to evolving market needs. We are committed to blending timeless heritage with contemporary design and comprehensive offerings."

Conclusion

Sky Gold And Diamonds Limited's impressive Q2 results, coupled with its strategic initiatives and expansions, underscore the company's strong position in the jewellery manufacturing sector. With a focus on operational efficiency, product diversification, and international growth, Sky Gold And Diamonds is poised to capitalize on the evolving dynamics of the gold and diamond jewellery market.

Investors and industry observers will be keenly watching Sky Gold And Diamonds' future performance as it continues to execute its growth strategy and navigate the competitive landscape of the jewellery industry.