Gemstone Investments Ltd

💰 Gemstone Investments Completes Major Warrant Conversion, Raises ₹179.5 Crore

• Converted 7,18,00,000 warrants into equity shares, each with a face value of ₹1

• Conversion price set at ₹2.50 per share, with a premium of ₹1.50 per share

• Total amount raised: ₹17,95,00,000

• Board of Directors approved the conversion on April 20, 2026

• Shares allotted to non-promoter investors: Mahevarsh Fincon Private Limited (1,98,00,000 shares), Manali Kirit Bhuva (1,20,00,000 shares), and Dedhia family members (2,00,00,000 shares)

• All warrants fully converted; no pending conversions remain