Statement of Deviation or Variation for the quarter ended 31st December 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gemstone Investments Ltd has filed a regulatory compliance statement under SEBI LODR Regulation 32 confirming there has been no deviation or variation in the use of funds raised through convertible warrants. The company raised ₹39,36,00,000 (approximately ₹39.36 crores) on 19 November 2025 and 26 November 2025. For the quarter ended December 2025, ₹24,23,88,176.40 (about ₹2.42 crores) was utilised towards working capital requirements for NBFC activities against an original allocation of ₹87,90,00,000, while ₹36,11,823.60 was spent on issue-related expenses against an allocation of ₹50,00,000. The statement was reviewed by the Audit Committee on 13 February 2026 and signed by Managing Director Sudhakar Gandhi.
This is a routine compliance filing with no deviation reported, which signals good governance and disciplined use of investor funds. For shareholders, it means the company is sticking to its stated fundraising plan, though only a small portion of the allocated working capital funds has been utilised so far.