Corporate Action4 Jun 2026, 11:32 am
Gemstone Investments Converts Warrants to 3.18 Cr Equity Shares
AI Summary
Gemstone Investments Ltd announced the conversion of 3,18,00,000 convertible warrants into an equal number of equity shares of face value ₹1 each. The conversion price was ₹2.50 per share, with an allotment to non-promoters. The total value of the conversion amounts to ₹5,96,25,000. This corporate action was approved by the Board of Directors on June 4th, 2026, in compliance with SEBI ICDR Regulations and the Companies Act, 2013. The shares were allotted to Mitesh Chandrakant Shah and Rashmi Kantilal Gada.
Key Highlights
- 3.18 crore warrants converted into equity shares.
- Conversion price set at ₹2.50 per share.
- Equity shares allotted to non-promoter investors.
- Total conversion value is ₹5,96,25,000.
- Board approved the conversion on June 4th, 2026.
Price Impact
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