SKY GOLD AND DIAMONDS LIMITED — Updates, 17-01-2025: Name Change

Sky Gold Limited's Board has approved several key actions, including a name change to Sky Gold and Diamonds Limited, pending shareholder approval. They've constituted a Risk Management Committee, with Mangesh Ramesh Chauhan as Chairman. The Board also allocated 1,58,750 equity shares through the conversion of convertible warrants, increasing the paid-up capital to ₹146.69 crore. A postal ballot will seek members' consent for the new name, as well as for the appointments and remuneration increases for key management personnel. This strategic shift could attract investor interest, indicating growth potential in the diamond sector.