National News
Sky Gold and Diamonds Appoints MSKA & Associates To Strengthen Governance
The Move Marks A Significant Step In The Company’s Ongoing Journey Towards Strengthening Corporate Governance
Sky Gold and Diamonds Limited has appointed M/s M S K A & Associates LLP, Chartered Accountants, a member firm of BDO International, as the Statutory Auditors of the Company and its material subsidiaries, subject to shareholders’ approval. The appointment has been approved by the Board of Directors following the recommendation of the Audit Committee.
The move marks a significant step in the Company’s ongoing journey towards strengthening corporate governance, institutionalising processes, and enhancing transparency across the organisation as it continues to scale its operations and expand its presence within the jewellery sector.
Commenting on the development, Mangesh Chauhan, Managing Director, Sky Gold and Diamonds said:
“As Sky Gold enters its next phase of growth, strengthening governance standards and building a robust institutional framework remain key priorities for the Company. The appointment of MSKA & Associates LLP, Chartered Accountants, a member firm of BDO International, reflects our commitment towards adopting global best practices in financial reporting, compliance, and governance. We believe this step will further enhance stakeholder confidence and support the Company’s long-term growth vision, as we continually aspire to build an organisation that serves as the benchmark for excellence in corporate governance.”
National News
BCCI Panel Discussion Explored Ways To Channel Household Gold Into The Formal Financial System
If India Can Replicate The Convenience Of A Gold Loan While Offering Attractive Incentives, The Country Has The Potential To Mobilize Significant Domestic Gold Resources.
Bombay Chamber of Commerce & Industry organized a panel discussion on “Building India’s Gold Monetization Marketplace”, moderated by Neil Borate, Editor-in-Chief of The Federal’s fintech platform The Fynprint. The panel featured Khushboo Ranawat, Regional Chairperson – West, and Member – National Exhibitions, GJEPC, Richa Agarwal, Chief General Manager, SEBI; Ramakrishnan Padmanabhan, General Manager, Department of Metals & Commodities, IFSCA; Nilesh Lodaya, Chief Business Officer, CDSL; Rajnish Gupta, Partner, Tax and Economic Policy Group, EY India; and Gunveer Singh, Executive Director, Department of Payment & Settlement Systems, RBI.
The discussion explored ways to channel household gold into the formal financial system, strengthen India’s gold monetization ecosystem and reduce dependence on imports. Panelists noted that a significant share of India’s gold holdings consists of investment gold in the form of bars and coins, representing a substantial opportunity for future monetization. If India can replicate the convenience of a gold loan while offering attractive incentives, the country has the potential to mobilize significant domestic gold resources.
The seminar brought together regulators, market infrastructure institutions and industry leaders to discuss policy reforms, electronic gold receipts, tokenization and the development of a modern digital gold ecosystem. Speakers included Praveen Rai, MD & CEO of MCX, former SEBI Executive Director Pramod Rao, and senior officials from SEBI, IFSCA, RBI, CDSL and NSDL.
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