Sky Gold And Diamonds Limited (formerly known as Sky Gold Limited) has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key financial metrics.

Financial Highlights

The company's performance for Q2 FY2026 showcases substantial year-over-year improvements:

Sky Gold And Diamonds' revenue surged to ₹1,149.42 crores in Q2 FY2026, marking a substantial 879% increase from ₹117.39 crores in the same quarter last year. Net profit rose by 52.8% to ₹54.83 crores, up from ₹35.89 crores in Q2 FY2025.

Corporate Actions and Strategic Moves

Sky Gold And Diamonds has been actively expanding its business through strategic acquisitions and corporate actions:

1. The company acquired a 100% stake in Speed Bangle Private Limited for ₹224.91 crores, strengthening its position in the jewelry manufacturing sector.

2. Sky Gold And Diamonds further expanded its global presence by acquiring a 100% shareholding in Sky Souk Jewellery Trading LLC for 1,00,001 Dirhams.

3. The company's Board approved unaudited financial results for the quarter and half-year ended September 30, 2025.

4. The Board considered a postal ballot notice for several items including:

   • Appointment of Mr. Virupakshi Kolla as Non-Executive Independent Director
   • Increase in borrowing powers
   • Creation of charges on properties
   • Enhancement of limits for loans and guarantees

Operational Changes

Effective April 1, 2025, Sky Gold And Diamonds changed its method of charging depreciation for property, plant, and equipment from Written Down Value (WDV) to Straight Line Method (SLM). This change may impact the company's financial statements going forward.

Future Outlook

With its recent acquisitions and strong financial performance, Sky Gold And Diamonds appears well-positioned for continued growth in the jewelry manufacturing and trading sector. The company's strategic moves to expand its global footprint and proposed changes in corporate governance and financial flexibility may contribute to its future performance.

Investors and market watchers will likely keep a close eye on how the company integrates its new acquisitions and capitalizes on potential synergies in the coming quarters.

Sky Gold And Diamonds Limited has announced a significant employee incentive program. The company's Nomination and Remuneration Committee has approved the grant of 12,690 stock options to eligible employees under the SKYGOLD-ESOP 2024 plan.

Key Details of the Stock Option Grant

Vesting and Exercise Details

The stock options will vest after a minimum period of one year from the grant date, with a maximum vesting period of 5 years. This structured vesting schedule aims to promote long-term employee retention and align employee interests with those of the company's shareholders.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The stock option grant is also subject to the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Implications and Outlook

This move by Sky Gold And Diamonds Limited represents a strategic approach to employee compensation and retention. By offering stock options, the company aims to foster a sense of ownership among its employees, potentially leading to increased motivation and alignment with the company's long-term goals.

While the immediate financial impact of this grant may be limited, it signals the company's commitment to its workforce and could positively influence employee performance and loyalty in the long run.