This Jewellery Stock All Set To Issue Bonus Share

Sky Gold Limited came into existence as private limited company with the name 'Sky Gold Private Limited' on May 07 2008. Its status was changed to a public limited company and the name of the Company was changed to Sky Gold Limited on June 26 2018. Sky Gold is engaged in the business of designing manufacturing and marketing of Gold jewelleries since its incorporation.

The company has a market capitalization of Rs 131 crore. The board of the company has recommended the issue of bonus equity share in the ratio of 1:1. Check details below:

1. Sky Gold To Issue Bonus Share

The board of directors of the company in their BSE filing said, "Considered, approved, and recommended the issue of Bonus equity shares in the ratio of 1(One) new equity shares for every 1 (One) existing equity share held, subject to approval by the shareholders and any other regulatory approvals. The bonus shares will be credited to those shareholders who are holding the equity shares as on the record date to be decided by the Board.

2. Sky Gold Board Approves Increase In Authorized Share Capital

The board of directors said, "Considered and approved Increase in Authorized Share Capital from Rs. 6,00,00,000 (comprising 60,00,000 equity shares of Rs. 10/- each) to Rs. 11,00,00,000 (comprising 1,10,00,000 equity shares of Rs. 10/- each) and consequent alteration in Capital clause of Memorandum of Association of Company, subject to the approval of shareholders.

3. Sky Gold Stock Outlook

The stock fell 3.41% in trade today and closed at Rs 245 apiece. The 52-week high of the stock is Rs 255 apiece and 52-week low is Rs 180 apiece. It has registered strong annual EPS growth. It has given a return of 16% in one month.