Sky Gold & Diamonds Limited, one of India’s fastest-growing B2B jewellery manufacturers, has announced a strategic update to its capacity expansion roadmap under its Sky Gold 3.0 vision, dated 27th February 2026. The company, listed on BSE (541967) and NSE (SKYGOLD), is focusing on capital-efficient growth, stronger cash flows, and long-term financial resilience.

Previously, Sky Gold had acquired land at approximately INR 105 crore to build a large-scale greenfield manufacturing facility aimed at quadrupling production capacity. After an extensive internal review, the company has decided to monetize the land and shift to a more agile, asset-light expansion model, relying on leased manufacturing facilities to scale production. This approach is designed to accelerate execution while improving capital efficiency and operational flexibility.

The execution of the leasing strategy is already underway, and the proposed land sale is expected to complete within six months. To mitigate risks, the promoter family has committed to acquiring the land if the transaction is delayed, ensuring the company is compensated for any opportunity cost.

With the proceeds from land monetization and anticipated operating cash flow improvements in FY27, Sky Gold expects a reduction in borrowings by over 20%. The company will also leverage Gold Metal Loans (GML) and other structured financing instruments to further optimize funding costs, demonstrating a strong focus on financial discipline.

Managing Director Mangesh Chauhan emphasized that this decision reinforces the company’s strategy to create a structurally stronger and more agile organization. By redeploying capital strategically, Sky Gold aims to strengthen operations, respond faster to customer demand, and enhance operational productivity. The asset-light model supports flexible expansion, sharper execution, and long-term value creation, aligning with the company’s vision of disciplined, profitable growth.

The company remains committed to its financial discipline, ensuring that growth and cash flow progress together. Sky Gold continues to target a net debt-free status by FY30, setting a strong foundation for sustained expansion and profitability.

About Sky Gold & Diamonds Limited:

Founded in 2008 and headquartered in Mumbai, Sky Gold & Diamonds Limited specializes in lightweight, design-led, and studded jewellery. The company operates with over 150 designers, a manufacturing facility spanning 1,30,000 sq. ft., and a design library of 900,000+ SKUs, serving India’s leading jewellery retailers and expanding rapidly into global markets.

The company’s strategic shift under Sky Gold 3.0 underscores a broader commitment to capital-efficient, agile operations and long-term financial sustainability, reflecting its vision to remain adaptive and customer-focused in a dynamic jewellery market.

This announcement reinforces Sky Gold & Diamonds’ position as a leading B2B jewellery manufacturer in India, delivering both operational efficiency and strategic growth while preparing the company for its next phase of global expansion.

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