1. Allotment of Share Warrants on Preferential Basis We would like to inform you that, pursuant to the special resolution passed on 30th September, 2025 by the members of the Company, ....
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The Board of Gemstone Investments approved the allotment of 19,37,60,000 (approximately 19.38 crore) convertible warrants at Rs. 2.50 each to non-promoter allottees on a preferential basis. Each warrant is convertible into one equity share of face value Re. 1, meaning the company can raise up to roughly Rs. 48.44 crore if all warrants are eventually exercised. The allottees are 22 non-promoter entities, including individuals, an HUF, and one private company (Dhairya Management Services Pvt Ltd getting 2 crore warrants). The allotment is based on a special resolution passed by shareholders on September 30, 2025, under SEBI ICDR Regulations and the Companies Act, 2013.
Existing shareholders face significant potential equity dilution if all warrants are converted into shares, expanding the share count by 19.38 crore equity shares. The company will receive the warrant subscription money (typically 25% upfront) strengthening its capital base, but the purpose of the fundraise is not disclosed in this filing.