The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dipali Jigar Shah & Other
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Non-promoter investor Dipali Jigar Shah (along with PAC Jigar Bharatkumar Shah HUF) acquired 1.60 crore equity shares representing 5.49% of Gemstone Investments Ltd's total share capital. The acquisition was made through preferential allotment at Rs. 1 face value per share on May 8, 2026. Before this transaction, the acquirer held zero shares. Post-acquisition, the total share capital increased from 22.93 crore to 29.12 crore shares due to this allotment, and diluted capital stands at 46.83 crore shares. The acquirer explicitly stated they do not belong to the promoter/promoter group.
This is a significant stake build-up by a non-promoter investor crossing the 5% threshold through a preferential allotment, which dilutes existing shareholders. The acquisition increases total share capital by approximately 27%, which may have a negative impact on earnings per share for existing investors.