Outcome of Board meeting for allotment
Price
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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.