Dear Sir/Madam, Enclosed herewith brief proceedings of 31st AGM held on Tuesday, September 30 , 2025 at 9.30 A.M through physical mode. Kindly take above cited information on your records.
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Gemstone Investments Ltd held its 31st AGM on September 30, 2025, from 9:00 AM to 9:30 AM at a banquet hall in Goregaon West, Mumbai, chaired by Managing Director Sudhakar Gandhi. All six directors, the CFO, and Company Secretary were present, and audit reports were clean with no qualifications. Seven resolutions were transacted, including approval of FY25 audited financial statements, reappointment of a director retiring by rotation, appointment of a new secretarial auditor, reappointment of two independent directors for a second term, an increase in authorised share capital, and issuance of convertible warrants to non-promoter entities on a preferential basis. No queries were raised by shareholders, and voting results (combined e-voting and ballot) are awaited and will be shared with BSE and posted on the company website.
The preferential warrant issuance to non-promoters and the increase in authorised share capital could lead to equity dilution for existing shareholders, while the clean audit report is a neutral-to-positive governance signal. Investors should watch for the detailed voting results to gauge shareholder sentiment on these resolutions.