SGSky Gold And Diamonds541967QIP fundraising

Board approves fund raise of up to ₹ 1,800 crores via QIP; Q2/H1 results and EGM notice also cleared

Board approves raising up to ₹ 1,800 crores through QIP.

By ScoutQuest · Tue 27 Oct 2026, 1:26 PM IST · 2 min read

QIP fund raise size

up to ₹ 1,800 crores

EGM date for shareholder approval

18 November 2026

Revenue from operations (Q2 standalone)

182,455.10 (Rs. lakhs)

Fund raise approved

• The Board approved raising an aggregate amount of up to and not exceeding ₹ 1,800 crores by issuing equity shares, in one or more tranches, through one or more Qualified Institutions Placements (QIP) and/or any other permissible mode or combination.
• Securities proposed: equity shares and/or other convertible securities, in one or more tranches.
• The amount is inclusive of any premium fixed on the securities, at a price or prices permissible under applicable laws.
• The Board has authorised the QIP Committee to decide the terms and conditions of the proposed fund raise.
• The proposal is subject to receipt of necessary approvals, including approval of the members, and such other regulatory and statutory approvals as may be required, and to determination of the issue price.

Shareholder vote next

• An Extra Ordinary General Meeting has been approved for Wednesday, 18 November 2026 at 11.00 A.M., to be held through video conferencing or other audio-visual means, to seek shareholder approval, among other things, on the fund raise.
• The cut-off date to record entitlement of shareholders eligible to vote (remote e-voting or e-voting at the EGM) is Wednesday, 11 November 2026.
• Mr. Shivang Goyal, Practicing Company Scrutinizer, has been appointed to conduct the e-voting process.

Results also approved

• The Audit Committee and the Board approved unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026, along with the Limited Review Report of the statutory auditor.
• Revenue from operations, as stated in the standalone results table in Rs. lakhs: 182,455.10 for the quarter and 3,26,459.53 for the half year.
• Profit before tax: 11,409.97 for the quarter and 19,590.28 for the half year (Rs. lakhs).
• Profit after tax for the half year: 14,596.00 (Rs. lakhs).
• The auditor's review conclusion on the standalone unaudited results is unmodified, meaning nothing came to their attention that would suggest a material misstatement.

Other point from the notes

• Subsequent to the quarter end, the Company completed the acquisition of 100% of the issued, subscribed and paid-up equity share capital of M/s. Purvi Gems & Jewellery (India) Private Limited from its existing shareholders on 7 October 2026.

How to read this

• A QIP brings in fresh equity capital from institutional investors. Because new shares are issued, the total number of shares goes up; how much depends on the amount finally raised and the price decided.
• The quantum per tranche and the issue price are to be determined later, so the final size and pricing are not fixed by this update.
• The next visible step is the shareholder vote at the EGM on 18 November 2026.

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