Outcome of Board Meeting

Date: 18th September 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai 400001 Mumbai 400051 Scrip Code: 541967 Trading Symbol: SKYGOLD Sub: Outcome of the Board Meeting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). In compliance with Regulation 30 of Listing Regulations, we hereby inform you that the Board of Directors of the Company at their meeting held today, i.e. Friday, 18th September, 2026 at the Registered office of the Company inter-alia has considered and approved the acquisition of 100% of the issued, subscribed and paid-up share capital of Purvi Gems & Jewellery (India) Private Limited ("Target Company") from its existing shareholder(s), for an aggregate cash consideration of upto Rs. 9,00,00,000 (Rupees Nine Crores). The requisite details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereof and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure A. The Board Meeting commenced at 8:40 AM IST and concluded at 8:55 AM IST. This outcome is also being made available on the Company’s website at: www.skygold.co.in Kindly take the same on your records and oblige. For Sky Gold and Diamonds Limited (Formerly Known as Sky Gold Limited), Mahendra Chauhan Whole-Time Director DIN: 02138084 Place: Navi Mumbai Enclosed: As above Annexure I Disclosures in terms of Regulation 30 of the Listing Regulations read with the SEBI Disclosure Circular, in respect of the acquisition of Equity Shares of M/s Purvi Gems & Jewellery (India) Private Limited Sr. Particulars Details 1 Name of the target entity, details in Name: Purvi Gems & Jewellery (India) Private Limited brief such as size, turnover etc. Turnover: Approx Rs. 103.40 Crores as on 31st March 2026. 2 Whether the acquisition would fall The proposed acquisition does not fall within the within related party transaction (s) purview of a related party transaction and the and whether the promoter/ promoter Promoter / Promoter Group / Group Companies group/ group companies have any does not have any interest. interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms’ length”. 3 The industry to which the entity The Entity is engaged in the Business of being acquired belongs. manufacturing jewellery and related articles. The Company is primarily involved in the business of uncut and precia jewellery manufacturing. 4 Objects and impact of acquisition The acquisition of this company aims to achieve (including but not limited to, several strategic objectives, expanding market disclosure of reasons for acquisition share, customer segments, diversifying the product of target entity if its business is portfolio to offer a broader range of jewellery. outside the main line of business of the listed entity). Additionally, the acquisition expands the product portfolio, fosters strategic partnerships, and ultimately drives financial growth by increasing revenue and improving market positioning. 5 Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition. 6 Indicative time period for The acquisition is expected to be completed on or completion of the acquisition. before 30th November 2026. 7 Nature of consideration (whether Cash Consideration cash consideration or share swap or any other form and details of the same). 8 Cost of acquisition and/or the price Cash consideration upto Rs. 9,00,00,000 (Rupees Nine Crores) at which the shares are acquired. 9 Percentage of shareholding / control The Board agreed to acquire 100% issued shares of acquired and / or number of shares the Target Company. acquired; 10 Brief background about the entity Purvi Gems & Jewellery (India) Private Limited is acquired in terms of products/line of engaged in the business of manufacturing jewellery and related articles. The Company operates in the business acquired, date of gems and jewellery industry and is primarily incorporation, history of last 3(three) engaged in the business of lightweight uncut and years turnover, country in which the precia fine jewellery, along with related activities in acquired entity has presence and any the manufacturing and processing of jewellery and other significant information (in precious products. The proposed acquisition will brief). provide the Company with an opportunity to expand its product portfolio in the gems and jewellery segment. Date of Incorporation: 03/12/2010 Financial Year Turnover (Rs. in Crores) 2025-26* Rs. 103.40 Cr 2024-25 Rs. 78.95 Cr 2023-24 Rs. 67.87 Cr * FY 2025-26 is based on provisional financials. Country in which the acquired entity has presence: India.