Sky Gold and Diamonds Limited has appointed M/s M S K A & Associates LLP, Chartered Accountants, a member firm of BDO International, as the Statutory Auditors of the Company and its material subsidiaries, subject to shareholders’ approval. The appointment reflects the company’s continued focus on strengthening governance standards, institutionalising processes, and enhancing transparency as it scales operations within the jewellery sector.
Quick Summary
- Sky Gold and Diamonds Limited has appointed MSKA & Associates LLP as Statutory Auditors.
- MSKA & Associates LLP is a member firm of BDO International.
- The appointment is subject to shareholders’ approval.
- The Board approved the appointment following Audit Committee recommendations.
- The move aims to strengthen governance, compliance, and transparency.
- Sky Gold continues to expand its operations in the jewellery sector globally.
Focus on Governance and Transparency
The move marks a significant step in the Company’s ongoing journey towards strengthening corporate governance, institutionalising processes, and enhancing transparency across the organisation as it continues to scale its operations and expand its presence within the jewellery sector.
Management Commentary on the Development
Commenting on the development, Mr. Mangesh Chauhan, Managing Director, Sky Gold and Diamonds said: “As Sky Gold enters its next phase of growth, strengthening governance standards and building a robust institutional framework remain key priorities for the Company. The appointment of M S K A & Associates LLP, Chartered Accountants, a member firm of BDO International, reflects our commitment towards adopting global best practices in financial reporting, compliance, and governance. We believe this step will further enhance stakeholder confidence and support the Company’s long-term growth vision, as we continually aspire to build an organisation that serves as the benchmark for excellence in corporate governance.”
About Sky Gold and Diamonds Limited
Established in 2008 and headquartered in Mumbai, Sky Gold and Diamonds Limited is one of India’s fastest-growing B2B jewellery manufacturers, specialising in lightweight, design-led and studded jewellery. With 150+ designers, 1,30,000 sq. ft. of manufacturing space, and a design library of 900,000+ SKU’s, the company serves India’s leading jewellery retailers and is rapidly expanding into global markets.
For more details, visit: www.skygold.co.inamond jewellery (sub-brand: Utsaav), 9KT plain gold, and costume jewellery at price points ranging from ₹500 to ₹2,00,000. Listed on BSE SME (Scrip Code: 543709 | Symbol: GARGI), the company operates through 126 retail touchpoints across 21 states and 65 cities, with an integrated omnichannel strategy spanning EBOs, SIS formats, and digital platforms.
FAQs
What announcement has Sky Gold and Diamonds made?
Sky Gold and Diamonds Limited has appointed MSKA & Associates LLP as the Statutory Auditors of the Company and its material subsidiaries.
Which organisation is MSKA & Associates LLP associated with?
MSKA & Associates LLP is a member firm of BDO International.
Why has the appointment been made?
The appointment has been made to strengthen corporate governance, transparency, compliance, and institutional processes within the organisation.
Who approved the appointment?
The appointment was approved by the Board of Directors following the recommendation of the Audit Committee.
What does Sky Gold and Diamonds specialise in?
Sky Gold and Diamonds specialises in lightweight, design-led, and studded jewellery manufacturing.
Where is Sky Gold and Diamonds headquartered?
The company is headquartered in Mumbai, India.
Source: SVAR Media Network
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