Sky Gold and Diamonds Limited (SKYGOLD) announced a postal ballot notice dated 21st April 2025 to seek shareholder approval via e-voting for preferential allotment of equity shares.
The company plans to issue up to 61,20,000 equity shares at a price of ₹ 369 per share, aggregating to ₹ 225.83 crore.
This issue is for non-cash consideration, specifically for the acquisition of 100% shareholding of M/s Ganna N Gold Private Limited, through a share swap.
The preferential allotment is proposed to Non-Promoter - Public Shareholders of SKYGOLD, namely Mr. Jinesh Navratanmal Ganna and Mr. Vikas Navratanmal Ganna, shareholders of Ganna N Gold Private Limited.
The e-voting period will commence on 22nd April 2025 (9:00 AM IST) and end on 21st May 2025 (5:00 PM IST).
The cut-off date to determine voting eligibility is 18th April 2025.
Results of the e-voting will be announced on or before 23rd May 2025.
The relevant date for determining the floor price of the preferential issue was 21st April 2025.