We enclosing herewith Voting results and Scrutinizer report for the 31st Annual General Meeting of the company. Kindly take above cited information on your records.
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Gemstone Investments held its 31st AGM on 30th September 2025 in Mumbai, where all 7 resolutions were passed with overwhelming majority (over 99.99% in favour). Out of 7.48 crore total outstanding shares, about 1.53 crore shares (20.44%) were polled, with only 34 votes cast against. Routine items included approval of FY25 audited financial statements, reappointment of a retiring director, appointment of a secretarial auditor (M/s. NKM & Associate), and reappointment of two Independent Directors for a second term. Two notable special resolutions were also approved: an increase in the authorised share capital and the issuance of convertible warrants to non-promoter persons on a preferential basis. The meeting was attended by just 49 public shareholders in person, with no promoter representatives present.
For shareholders, the most material items are the increase in authorised share capital and the preferential issue of convertible warrants to non-promoters, both of which can lead to equity dilution once the warrants are converted. All resolutions sailed through comfortably, so there is no governance controversy, but the low voter turnout (~20%) and zero promoter attendance at the AGM are minor red flags worth noting.