Sky Gold IPO Basis of Allotment

Our Company was incorporated as Sky Gold Private Limited on May 07, 2008 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 181989. The status of our Company was changed to a public limited company and the name of our Company was changed to Sky Gold Limited by a special resolution passed on June 19, 2018. A fresh Certificate of Incorporation consequent upon conversion was issued on June 26, 2018 by the Registrar of Companies, Mumbai. For further details, please refer to the chapter titled "History and Certain Corporate Matters" beginning on page no. 107 of the Prospectus.

PUBLIC ISSUE OF 14,20,000 EQUITY SHARES OF Rs. 10 EACH ("EQUITY SHARES") OF SKY GOLD LIMITED ("SGL" OR THE "COMPANY') FOR CASH AT APRICE OF Rs. 180 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO Rs. 2,556.00 LAKHS ("THE ISSUE") OF WHICH 72,800 EQUITY SHARES OF Rs. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 13,47,200 EQUITY SHARES OF Rs. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.43% AND 25.08%, RESPECTIVELY OFTHE POST ISSUE PAID UPEQUITY SHARE CAPITAL OFTHECOMPANY.

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ("BSE"). Our Company has received an in-principle approval from BSE for the listing of the Equity Shares pursuant to letter dated September 04, 2018. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on October 03, 2018 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies/ Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designated Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The Net Issue has received 854 applications for 13,99,200 Equity Shares resulting in 1.039 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

Note: The Issue also includes 72,800 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal. In the event of over subscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 79,200 Equity Shares in Non - Retail Category & under subscription 88,000 Equity Shares in Retail Category. Due to technical rejection and bids not banked, the Issue was short by 8,800 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 8,800 Equity Shares. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange- BSE on September 28, 2018.

Due to technical rejection and bids not banked, the Issue was short by 8,800 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 8,800 Equity Shares. The Board of Directors of the Company at its meeting held on September 28, 2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been issued on September 28, 2018 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on October 03, 2018, subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 07, 2018("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Link lntime India Private Limited at Website: www.linkinlime.co.in.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant, Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

SKY GOLD LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Mumbai at Maharashtra. The Prospectus shall be available on the websites of the Company, the BSE and the Lead Manager at www.skygold.in, www.bseindia.com and www.afsl.co.in respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled "Risk Factors" beginning on page no. 10 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur.