Corporate Action19 Jun 2026, 07:00 pm
Gemstone Investments Converts 3 Cr Warrants to Equity Shares at ₹2.50 Each
AI Summary
Gemstone Investments Ltd announced that its Board of Directors, at a meeting held on June 19, 2026, approved the conversion of 3,00,00,000 (Three Crores) Convertible Warrants into 3,00,00,000 (Three Crores) Equity Shares. Each warrant was converted into one equity share of face value ₹1/- each at a conversion price of ₹2.50/- per equity share, upon receipt of the full subscription amount. The equity shares were allotted to non-promoter investors, namely Satyam Shririshchandra Joshi, Bijay Kumar Agrawal, and Anura Satyam Joshi. This preferential allotment resulted in the company raising ₹5,62,50,000/-.
Key Highlights
- 3 crore convertible warrants converted into 3 crore equity shares.
- Each equity share allotted at a conversion price of ₹2.50.
- Total funds raised through this conversion amount to ₹5.625 crore.
- Shares were allotted to three non-promoter investors.
- The conversion was done via a preferential allotment route.
Price Impact
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