Sky Gold Limited informed that the members of the Management Committee of the Company, at its meeting held on February 23, 2023, has inter alia approved the following: Incorporation of a Wholly Owned Subsidiary Company in India. Proposed Company: Sky9 Diamonds Limited or such other name as may be approved by the Registrar of Companies (ROC). Industry to which the entity being acquired belongs: Gems, Jewellery and Watches.