Gemstone Investments Limited has converted 8,28,00,000 convertible warrants into equity shares of ₹1 face value at a conversion price of ₹2.50 per share. The total transaction value is ₹20.70 Crore. The shares were allotted to nine non-promoter investors following the receipt of full subscription amounts.
Gemstone Investments Limited has informed the exchange that it does not fall under the 'Large Corporate' category for the financial year 2025-26. The company reported nil outstanding borrowings as of March 31, 2026, and is exempt from specific SEBI debt-raising disclosure requirements.
Gemstone Investments Limited announced the resignation of M/s. Rishi Sekhri & Associates, Chartered Accountants, as Statutory Auditors effective April 23, 2026. The resignation was prompted by the proprietor's serious medical conditions. The company will take steps to fill the casual vacancy and appoint a new auditor in due course.
Gemstone Investments Limited issued 2,00,00,000 shares to Bhavesh Shamji Dedhia and others via a preferential allotment. This represents 13.65% of the post-issue share capital, significantly expanding the company's equity base.
Dhairya Management Services Pvt Ltd acquired 2,00,00,000 equity shares of Gemstone Investments Limited via preferential allotment upon conversion of warrants. This non-promoter acquisition represents a 13.65% stake in the target company's current equity capital.
Manali Bhuva acquired 1,20,00,000 equity shares of Gemstone Investments Limited following the conversion of warrants. This acquisition represents 8.19% of the company's total voting capital, increasing the acquirer's total holding to 8.33%. The allotment was made via a preferential issue mechanism on April 21, 2024.
Mahevarsh Fincon Private Limited, a promoter group entity, acquired 1.98 crore equity shares in Gemstone Investments Limited following the conversion of warrants. This preferential allotment increased the acquirer's stake from 0.12% to 13.57% of the total voting capital.
Gemstone Investments Ltd approved the conversion of 7.18 crore convertible warrants into equity shares of ₹1 face value each. The allotment to non-promoter investors was made at a conversion price of ₹2.50 per share, aggregating to ₹17.95 Crore. This exercise of warrants strengthens the company's equity base.
