9:1 Bonus Share: Multibagger Gold & Diamond Company Plans to Open a B2B Office in Dubai (UAE) to Increase the Export Revenue
The stock delivered multibagger returns of 220 per cent in just 1 year and a whopping 3,500 per cent in 3 years.
Sky Gold and Diamonds Limited, formerly known as Sky Gold Limited, has strategically decided to expand its global reach by establishing a wholly-owned subsidiary in Dubai, United Arab Emirates. This decision, formalized through a resolution passed by the company’s Management Committee on April 2, 2025, underscores their commitment to increasing export revenue and solidifying their presence in the lucrative Middle Eastern market. The new subsidiary will operate as a Business-to-Business (B2B) office, designed to streamline export operations and cater to the region's strong demand for high-quality, lightweight gold and diamond-studded jewellery, a specialty of the Indian manufacturer. This expansion aligns with the company's "Make-in-Bharat for the World" vision, aiming to promote Indian manufacturing on a global scale.
The proposed entity, with an estimated capital infusion of approximately Rs 50 lakh, will be a wholly-owned subsidiary, making it a related party to Sky Gold and Diamonds Limited upon its incorporation. The company and its nominee will subscribe to 100% of the share capital in cash, at face value per share. The entity will operate within the same industry as its parent company, focusing on the manufacturing and distribution of jewellery. The establishment of this subsidiary necessitates obtaining general trade licenses from the relevant authorities in Dubai. The indicative timeline for completing the acquisition and incorporation process is estimated to be between 2 to 3 months, subject to the timely receipt of all required regulatory approvals. As the entity is yet to be incorporated, information regarding its turnover, operational history, and a three-year financial record is currently not applicable. This strategic move is subject to the final approval of competent authorities.
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Earlier, shares of the company issued a bonus share issuance in the ratio of 9:1. The company distributed 9 new fully paid-up equity shares of Rs 10 each for every 1 existing fully paid-up equity share held by its shareholders. The ex-date was Monday, December 16, 2024.
Sky Gold and Diamonds Limited is engaged in the design, manufacturing, and marketing of gold jewellery. The company follows a B2B model, where the products are mainly sold to mid-range jewellers and boutique stores, which are sold through online platforms and retail stores.
Sky Gold Ltd has a market cap of Rs 4,900 crore and a stock price CAGR of 230 per cent over the last 3 years. The stock delivered multibagger returns of 220 per cent in just 1 year and a whopping 3,500 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.