Sky Gold & Diamonds now part of MSCI India domestic small cap index

Sky Gold & Diamonds Ltd, said on Monday it has been added to the MSCI India Domestic Small Cap Index as part of the latest index review by MSCI. The company said the inclusion reflects its growing presence in India's listed small-cap universe.

Sky Gold also said it turned operating cash flow positive during the current quarter, a step it described as improving working capital discipline. The company said it remains focused on balancing business expansion with profitability and cash flow generation.

What Happened

The jewellery maker said it is strengthening its governance and management framework, including a structured leadership approach and reinforced financial and governance processes, and has engaged a large global accounting firm. Sky Gold said it continues to focus on lightweight and value-added.

• He added that the company believes the MSCI inclusion will broaden its visibility within the institutional investment community.

• Chauhan said the company, under an initiative it calls "Sky Gold 3.0," is building its organisation for the next phase of growth with greater financial discipline, deeper customer relationships and a more scalable operating.

• The company said its asset-light manufacturing model remains central to its strategy of scaling capacity while maintaining capital efficiency.

What Reports Say

Coverage of the story so far points to:

• Continued reporting by Business Standard as more details emerge