Sky Gold allots equity shares following warrant conversion

Sky Gold & Diamonds (BSE: SKYGOLD) announced the allotment of 207,000 equity shares with a face value of INR10 each, converted from warrants, alongside an additional 1,863,000 equity shares through a bonus issue in a 9:1 ratio. This decision, approved by the Board on June 26, 2025, follows the conversion of warrants initially allotted on February 26, 2024, at an issue price of INR1,017 per warrant, after receiving a subscription amount of INR52,629,750. The warrant holders paid the remaining INR762.75 per warrant. Post-allotment, Sky Gold's paid-up capital will increase from INR146,698,810 to INR148,768,810. These new equity shares will rank equally with the existing shares. The allotment includes significant participation from promoter Mangesh Chauhan (1,350,000 allotted shares) and other promoters, Darshan Chauhan and Mahendra Chauhan (360,000 shares each).