Sky Gold acquires Ganna N Gold, expanding manufacturing capabilities

** Sky Gold and Diamonds Limited (BSE: SKYGOLD) announced today, April 18, 2025, the acquisition of Ganna N Gold Private Limited, a Mumbai-based jewelry manufacturer specializing in gold bangles. The acquisition, approved by Sky Gold's Board of Directors, will be executed through a 100% share-swap deal, valued at approximately INR 225 Crores. This structure results in no immediate cash outflow for Sky Gold. The company plans to issue up to 6,120,000 equity shares, priced at INR 369 each, on a preferential basis, to existing Ganna N Gold shareholders. This will increase the paid-up share capital from INR 1,46,69,88,100 to INR 1,52,81,88,100.