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, 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 allotted equity shares are held by non-promoters, including Chintan Hemantbhai Patel, Sejal Chintan Patel, Shyamalkumar Hemantbhai Patel, and Falguni Ajay Shah. The Board meeting took place from 4:00 PM to 4:30 PM.