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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Gemstone Investments has approved the allotment of 19.376 crore convertible warrants at Rs. 2.50 each to 22 non-promoter allottees. Each warrant is convertible into one equity share of Re. 1 face value, meaning the company could raise up to approximately Rs. 48.44 crore if all warrants are exercised. The allotment follows a special resolution passed by members on 30th September 2025 under SEBI ICDR Regulations. Allottees include individuals, HUFs, and one private company (Dhairya Management Services Pvt Ltd getting 2 crore warrants). The warrants will be issued upon receipt of the minimum subscription amount as prescribed under SEBI rules.
This is a significant preferential allotment that could lead to substantial dilution of existing shareholders if all warrants are converted into equity shares. The stock may see short-term pressure due to the large number of shares potentially entering the market, though the actual conversion depends on warrant holders paying the balance amount.