SKY GOLD AND DIAMONDS (SKYGOLD) — Announcement

📢 Key Event
Subsidiary incurred Rs. 10.70 Crore loss from deep-fake fraud

💡 Investor Takeaway
The fraud caused a material loss but operations are stable; the company is strengthening controls to mitigate future risks.

SKY GOLD AND DIAMONDS LIMITED disclosed a Rs. 10.70 Crore loss at its subsidiary Starmangalsutra Private Limited due to a deep-fake fraud where attackers compromised a director's company-issued devices to authorize unauthorized transfers. The incident was detected on 15 July 2026, reported to cyber authorities, and funds are being pursued. Operations remain unaffected, and the company is enhancing verification protocols to prevent recurrence.

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About SKY GOLD AND DIAMONDS LIMITED (SKYGOLD)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹6,910.47 Cr P/E: 63.9

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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