Sky Gold And Diamonds Limited Grants 12,690 Stock Options to Employees

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

Aspect	Details
Number of Options Granted	12,690
Conversion Ratio	1 option : 1 equity share
Face Value of Shares	Rs. 10.00 per share
Exercise Price	Rs. 1.00 per option
Vesting Period	Minimum 1 year, Maximum 5 years from grant date

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.09%	+1.73%	-0.71%	+2.96%	-6.97%	+1,459.58%

Sky Gold And Diamonds 's wholly-owned subsidiary, Starmangalsutra Private Limited, has announced plans to acquire a 51% partnership interest in Shri Rishab Gold, a jewellery manufacturing firm. This strategic move aims to expand the company's customer portfolio and strengthen its presence in the traditional mangalsutra jewellery segment.

Acquisition Details

Aspect	Details
Acquiring Company	Starmangalsutra Private Limited (Subsidiary of Sky Gold And Diamonds)
Target Company	Shri Rishab Gold
Stake to be Acquired	51% partnership interest
Acquisition Value	Approximately Rs. 10.00 crores
Expected Completion	Within 12 months
Funding Method	Cash consideration

Target Company Profile

Shri Rishab Gold specializes in the mangalsutra jewellery segment and boasts a client base that includes one of India's largest jewellery brands. The firm's financial performance for the year ending March 31, 2025, showcases its strong market position:

Financial Metric	Value
Turnover	Rs. 48.90 crores
EBITDA	Rs. 3.87 crores

Strategic Implications

The acquisition is expected to bring several benefits to Sky Gold And Diamonds:

Market Penetration: Deeper reach into the traditional mangalsutra jewellery segment.
Customer Base Expansion: Access to Shri Rishab Gold's existing client portfolio, including major jewellery brands.
Manufacturing Capabilities: Potential enhancement of jewellery manufacturing capacity.

Transaction Details

The deal is subject to customary closing conditions and requisite approvals. Starmangalsutra Private Limited plans to complete the acquisition within a 12-month timeframe, indicating a measured approach to integration.

This strategic move by Sky Gold And Diamonds, through its subsidiary, demonstrates the company's commitment to growth and expansion in the specialized jewellery manufacturing sector. The acquisition could potentially strengthen its market position and provide access to new customer segments within the traditional jewellery market.