Acquisition of 100% of Purvi Gems & Jewellery (India) Private Limited completed; becomes wholly-owned subsidiary

Sky Gold and Diamonds Limited has completed the acquisition of 100% of the issued, subscribed and paid-up share capital of M/s. Purvi Gems & Jewellery (India) Private Limited.

Wed 7 Oct 2026

Stake Acquired

100% of the issued, subscribed and paid-up share capital

Completion Date

7th October 2026

Post-Acquisition Status

Purvi Gems & Jewellery (India) Private Limited has become a wholly-owned subsidiary

Company completes the 100% acquisition

• Sky Gold and Diamonds Limited has completed the acquisition of 100% of the issued, subscribed and paid-up share capital of M/s. Purvi Gems & Jewellery (India) Private Limited.
• The shares were acquired from the target company's existing shareholder(s).
• Completion took place on 7th October 2026.

What changes now

• With the completion of the acquisition, Purvi Gems & Jewellery (India) Private Limited has become a wholly-owned subsidiary of Sky Gold and Diamonds Limited.
• A wholly-owned subsidiary is a company whose entire equity share capital is held by the parent. Its business results are added to the parent's consolidated financials, and any profit or loss it makes belongs wholly to the parent's shareholders.

What was said earlier

• The company had earlier informed, on 18th September 2026, that it proposed to acquire 100% of the issued, subscribed and paid-up share capital of Purvi Gems & Jewellery (India) Private Limited from its existing shareholder(s).
• The present update records that this proposed acquisition has now been completed.
• The company states that there is no change in the details of the transaction as previously disclosed.

How to read this update

• This is a completion update: it records that a step announced earlier has now been finished, rather than announcing a brand new transaction.
• It confirms the change in the group structure, with the acquired entity now sitting inside the company as a wholly-owned subsidiary.
• The operational or financial contribution of the acquired entity to the company's results would depend on that entity's own business and how it is run going forward.

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