Gemstone Investments Converts 3.28 Cr Warrants to Equity Shares

Gemstone Investments Ltd announced the conversion of 3,28,80,000 convertible warrants into an equal number of equity shares of face value ₹1 each. The conversion price was ₹2.50 per share, with a premium of ₹1.50 per share, aggregating to ₹6,16,50,000. This conversion was approved by the Board of Directors on June 29, 2026, in compliance with SEBI ICDR Regulations and the Companies Act, 2013. The newly issued equity shares have been allotted to non-promoter investors, including Chintan Hemantbhai Patel, Sejal Chintan Patel, Shyamalkumar Hemantbhai Patel, and Falguni Ajay Shah. The board meeting to approve this conversion commenced at 4:00 PM and concluded at 4:30 PM.