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Sky Gold & Diamonds acquires 100% stake in Purv Gems & Jewellery (India) Private Limited
27-Oct-26 13:37Hrs IST

Sky Gold & Diamonds Limited, formerly Sky Gold Limited, reported total revenue of Rs 238.07 crore for the quarter ended September 30, 2026, and Rs 201.28 crore for the half year, representing significant growth compared to Rs 148.45 crore for the year ended September 30, 2025. The company, which manufactures and sells gold jewelry through subsidiaries including Sparkling Chains and Sky Souk Jewelley Trading LLC, completed the acquisition of Purv Gems & Jewellery (India) Private Limited on October 7, 2026, and converted Shri Rishab Jewels Private Limited, a step-down subsidiary, to a private limited company in August 2026. The company recognized an exceptional item of Rs 735.49 crore related to a fraud incident at Starmangalsutra Private Limited, where unauthorized fund transfers totaling Rs 1,070 crore occurred, although Rs 334.51 crore has been recovered. Sky Gold & Diamonds Limited concluded the reporting period with Rs 385,579 in cash and cash equivalents, reflecting a net increase of Rs 31,733.

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