Corporate Action8 Jun 2026, 03:06 pm
Gemstone Investments Converts Warrants to 2.98 Cr Equity Shares
AI Summary
Gemstone Investments Ltd announced the conversion of 2,98,40,000 convertible warrants into equity shares of face value ₹1 each. The conversion occurred at a price of ₹2.50 per share, with ₹1.50 being premium. This preferential allotment was made to non-promoters, Urmila Shailesh Shah and Anita Agrawal. The total amount raised through this conversion is ₹5,59,50,000. The Board of Directors approved this conversion at a meeting held on June 08, 2026, in compliance with SEBI ICDR Regulations and the Companies Act, 2013.
Key Highlights
- 2.98 Cr warrants converted into equity shares.
- Conversion price set at ₹2.50 per share.
- Preferential allotment to non-promoters.
- Total funds raised: ₹5.595 Cr.
- Board approved conversion on June 08, 2026.
Price Impact
More from GEMSI