Sky Industries Limited has acquired an additional parcel of agricultural land in Gujarat as part of its ongoing expansion strategy. The company informed BSE Limited on January 28, 2026, about this material event under Regulation 30 of the SEBI Listing Regulations.

Land Acquisition Details

The company has purchased 3,000.00 sq. mts. of agricultural land located at Survey No. 2217/2/1, Manekpur Road, Khattalwada, Taluka-Umbergaon, District-Valsad, Gujarat-396130. The transaction involves the following key parameters:

Strategic Expansion Initiative

This land acquisition represents a continuation of Sky Industries' expansion plan for establishing a greenfield project. The newly purchased land is strategically positioned adjacent to property the company had earlier acquired in September 2024, creating a consolidated land bank for future development.

The seller, Shri Mohanlal Jivaji Shah, is an unrelated third-party with no connection to the company's promoter group or related entities. This ensures the transaction does not fall under related party transaction requirements and eliminates potential conflicts of interest.

Regulatory Compliance

Sky Industries has provided comprehensive disclosure details as mandated under SEBI regulations. The company confirmed that:

• The transaction is conducted at arm's length with an independent party
• No shareholding exists between the parties
• The agreement does not involve any special rights or restrictions
• No potential conflicts of interest arise from this transaction

The company is currently in the process of executing definitive agreements in accordance with applicable laws and procedural requirements. All documentation and disclosures have been made available on the company's website at www.skycorp.in .

Corporate Information

Sky Industries Limited, incorporated under CIN L17120MH1989PLC052645, operates from its corporate office in Mumbai. The land acquisition announcement was signed by Maikal Raorani, Whole Time Director & CFO (DIN: 00037831), ensuring proper corporate governance protocols were followed.

This strategic land acquisition positions Sky Industries to advance its greenfield project development plans while maintaining transparency with stakeholders and regulatory compliance.

Source:

Sky Industries Limited promoter and Managing Director Shailesh S Shah has successfully completed an inter-se transfer of 1,63,500 equity shares, representing 2.07% of the company's total shareholding. The transfer was executed on January 20, 2026, following the release of a pledge that had prevented the transaction for several years.

Transfer Details and Background

The shares were transferred from M/s Skay Finvest Private Limited, where Shah held beneficial ownership, directly to his demat account. This transaction represents the completion of an inter-se transfer among promoters that was originally disclosed to BSE Limited in February 2016.

Shareholding Changes

The transfer has resulted in an increase in Shah's direct shareholding in Sky Industries Limited. His voting rights have expanded from 35.24% to 37.31% of the company's total share capital.

Regulatory Compliance and Pledge Release

The transfer could not be executed earlier because the shares were pledged with Union Bank of India in connection with a loan facility availed by an erstwhile group company. The pledge was released on November 26, 2025, enabling the completion of this long-pending transfer.

Shah confirmed that the transfer is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction does not result in any change to the promoter group composition, overall promoter shareholding, or control of the company.

Regulatory Disclosures

The company has made necessary disclosures under multiple SEBI regulations:

• Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015

Sky Industries Limited shares are listed on BSE Limited under scrip code 526479. The company's equity share capital consists of 78,90,541 equity shares of ₹10.00 each, which remains unchanged following this inter-se transfer.