Gemstone Investments Converts 2.98 Cr Warrants to Equity

Gemstone Investments Ltd announced the conversion of 2,98,40,000 convertible warrants into an equal number of equity shares. The conversion, approved by the Board of Directors on June 08, 2026, involved each warrant being converted into one equity share of face value ₹1 at a price of ₹2.50 per share. This transaction was carried out under SEBI ICDR Regulations and the Companies Act, 2013. The newly allotted equity shares were issued to non-promoter investors, Urmila Shailesh Shah and Anita Agrawal. The total value of the conversion amounts to ₹5,59,50,000, with ₹1.50 per share being premium.