Gemstone Investments Ltd — Important, 04-06-2026: Company Update

Gemstone Investments' Board has approved the conversion of 3.18 Cr convertible warrants into 3.18 Cr equity shares. Each share, with a face value of ₹1, was issued at a conversion price of ₹2.50. This preferential allotment, aggregating ₹5.96 Cr, expands the company's equity base. The new shares were allotted to non-promoter investors Mitesh Chandrakant Shah and Rashmi Kantilal Gada, fully exercising their warrants. This move increases the total outstanding shares and brings in capital for the company's operations.