Sky Gold and Diamonds Limited (SKYGOLD) announced on 26th June 2025 that its Board of Directors approved the allotment of equity shares:
- The company allotted 2,07,000 equity shares of face value ₹10 each following the conversion of an equal number of convertible warrants. These warrants were originally issued on a preferential basis at an issue price of ₹1,017 per warrant. The balance 75% (₹762.75 per warrant) was received, amounting to a total of ₹15,78,89,250 from the allottees, who are from the Promoter Category.
- Concurrently, an additional 18,63,000 equity shares were allotted under a bonus issue. This bonus issue, approved on 26th November 2024 via postal ballot, is in the proportion of 9:1, meaning 9 new fully paid-up equity shares of ₹10 each for every 1 existing fully paid-up equity share of ₹10 each.
- As a result of these allotments, the company's paid-up capital has increased from ₹1,46,69,88,100 (14,66,98,810 equity shares) to ₹1,48,76,88,100 (14,87,68,810 equity shares). The new equity shares will rank pari passu with the existing shares.