9 Free Shares On 1 Piece, Dec-16 Last Date; Nuvama Sets Rs 4,500 TP On Ashish Kacholia Stock Before 9:1 Bonus

As per the reports, Ashish Kacholia is an investor in the Bengal Finance and Investment Pvt Ltd who is among the top public shareholders of Sky Gold. As of September 30, 2024, the data on shareholding patterns on BSE showed that Bengal Finance owns about 2,52,900 equity shares or a 1.73% stake in Sky Gold.

Sky Gold earlier in October month announced the issuance of Bonus Shares in the ratio of 9:1 i.e. 9 (Nine) New Bonus Equity Shares of Rs. 10/- each for every 1 (One) Existing Equity Share of Rs. 10/- each fully paid up to the eligible Shareholders of the Company as on the Record Date, subject to the approval of the Shareholders and other statutory/regulatory approvals, consents, permissions, conditions, and sanctions, as required.

The company has fixed December 16 as the record date to determine eligible shareholders for bonus issue. However, the company has revealed that it plans to issue about Rs Rs. 1,33,89,19,290/- consisting of 13,38,91,929 equities as bonus shares.

Sky Gold aims to finish its bonus issuance within two months from the date of the Board approval i.e. on or before 24th December 2024.

Sky Gold Earnings:

Sky Gold announced its net profit recorded growth of 405.2% YoY to Rs 36.7 crore in Q2FY25, while its EBITDA skyrocketed by 154.3% YoY to Rs 38.8 crore. Revenue from operations stood strong at Rs 768.8 crore, recording a growth of 94.2% YoY.

In the quarter, the company raised about Rs 270 crore through a Qualified Institutional Placement (QIP) from renowned funds like Motilal Oswal Small Cap Fund, Kotak Mahindra Life Insurance and Bank Of India Flexi Cap among others. Also, the company added CaratLane and P N Gadgil Jewellers to its client portfolio, while its manufacturing margin-accretive 18-carat gold and diamond jewellery.