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Sky Gold And Diamonds Board Approves Rs 1800 Crore Qualified Institutions Placement


27 October 2026
Sky Gold and Diamonds Ltd.

Exports Fuel Strong Quarter PAT at Rs 129 Cr in Q2 FY27, +93.1% YoY; includes Rs 7.35 Cr exceptional loss on fraud in subsidiary (Rs 10.70 Cr gross less Rs 3.35 Cr recovered). Revenue at Rs 2,391 Cr in Q2 FY27, +61.0% YoY. EBITDA at Rs 204 Cr, +89.3% YoY. EBITDA margin at 8.5% vs 7.3%. Board approved raising up to Rs 1,800 Cr via QIP/other modes subject to shareholder approval at EOGM on 18 Nov 2026. Starmangalsutra fraud involved deep-fake compromise, cyber police complaint filed. Completed 100% acquisition of Purvi Gems on 7 Oct 2026. Statutory auditor issued unmodified conclusion.


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