The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemesh Rajesh Patel HUF & Others

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-4.5%1-day move

₹1.79

prior close

₹1.79

base price

After-mkt

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+2.8+1.1+2.2-1.7-4.5-6.1-8.9-12.8-10.1-6.7-7.8-12.8-12.3—

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AI summary

Hemesh Rajesh Patel HUF along with PACs Roshni Hemesh Patel and Hemesh Rajesh Patel acquired 1,60,00,000 equity shares (5.49% of total share capital, 3.42% of diluted capital) of Gemstone Investments Ltd through preferential allotment. The acquisition was completed on 08.05.2026. Prior to this acquisition, the acquirer held zero shares. Post-acquisition, the holding stands at 1,60,00,000 shares representing 5.49% of total share capital. The acquirer is NOT part of the promoter or promoter group. The filing was submitted to BSE on 11.05.2026.

Likely market impact

A non-promoter acquiring 5.49% via preferential allotment is a notable accumulation. Crossing the 5% regulatory threshold triggers this disclosure and warrants monitoring for further buying activity that could approach the open offer trigger at 25%.