This is to inform to the exchange that the meeting of the Board of Directors of Gemstone Investments Limited was held today i.e. on Thursday, 04th September 2025 at the registered office ....
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Gemstone Investments' board met on 4th September 2025 and approved several items. Mr. Santosh Kumar Dwivedi was re-appointed as a director liable to retire by rotation. Two independent directors, Mr. Rajesh Babulal Maiyani and Mr. Falgun Shah, were recommended for re-appointment for a second 5-year term via special resolution. M/s. NKM & Associate was appointed as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). The board approved increasing authorized share capital from Rs. 10 crore to Rs. 48 crore and issuing up to 39.36 crore convertible warrants at Rs. 2.50 each to 44 non-promoter investors on a preferential basis. The 31st AGM was scheduled for 30th September 2025.
The preferential warrant issue to non-promoters at Rs. 2.50/share (1:1 convertible within 18 months) could lead to significant equity dilution once converted. Re-appointments of independent directors and routine auditor appointment suggest board continuity with no governance disruption. Shareholders should watch for dilution impact at the AGM.