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.

Sky Gold And Diamonds , a prominent player in the Indian gold market, has reported a significant uptick in demand during the recent Navratri and Diwali festival seasons. These traditional Indian festivals, known for their association with gold purchases, have brought increased customer interest to the company.

Festival Season Boost

The company witnessed a notable surge in customer engagement during these auspicious periods, which are traditionally considered favorable for buying gold in India. This increased interest aligns with the cultural significance of gold during festivals like Navratri and Diwali, where it is often purchased for both investment and ornamental purposes.

Market Implications

This positive trend for Sky Gold And Diamonds could potentially indicate:

• A robust consumer sentiment in the gold market
• The company's strong positioning in the festive season market
• Possible growth in sales and revenue for the quarter encompassing these festivals

However, it's important to note that while the demand has been strong, the company has not yet released specific financial figures related to this period.

Industry Context

The surge in demand for Sky Gold And Diamonds during these festivals may also reflect broader trends in the Indian gold market. Traditionally, the festive season, particularly Diwali, sees an uptick in gold purchases across the country. Sky Gold And Diamonds' report of strong demand suggests that this tradition continues to hold strong, potentially benefiting other players in the gold industry as well.

As investors and market watchers await more detailed financial results, this initial report of strong demand provides a positive signal about Sky Gold And Diamonds' performance during a crucial sales period in the Indian market calendar.