Gemstone Investments Ltd Converts 7.18 Crore Warrants into Equity Shares
Gemstone Investments Ltd announced that its Board of Directors, at a meeting held on April 20, 2026, approved the conversion of a significant block of convertible warrants into equity shares. This transaction saw the allotment of 7,18,00,000 equity shares to the company’s non-promoter shareholders.The Board approved the conversion of 7,18,00,000 convertible warrants into an equal number of 7,18,00,000 equity shares. The terms specified that each warrant would convert into one equity share with a face value of ₹1/- each. The conversion price was set at ₹2.50 per equity share, subject to the receipt of the full subscription amount.
Allotment and Financial Details
The allotment of shares was made to non-promoters of the company. Overall, the transaction resulted in the allotment of 7,18,00,000 equity shares of face value ₹1/- each, which were fully paid up at a premium of ₹ 1.50/-, aggregating to ₹ 17,95,00,000/-. The conversion ratio maintained was 1:1, meaning one equity share was issued for every warrant exercised.The details concerning the shares allotted and the total financial transaction are presented below:
| Particulars | Details |
|---|---|
| Type of Security Issued | Equity Shares of face value ₹ 1/- each |
| Type of Issuance | Preferential Allotment by conversion of Convertible Warrants into Equity |
| Total Equity Shares Allotted | 7,18,00,000 |
| Face Value of Shares | ₹ 1/- each |
| Premium Received | ₹ 1.50/- |
| Aggregate Consideration Received | ₹ 17,95,00,000/- |
Allottee Breakdown
The allotment was distributed among seven non-promoter investors. The total allotment details, including the number of warrants applied for conversion and the funds received, are as follows:| Name of Allottee | Warrants Allotted | Warrants Applied for Conversion | Amount Received (₹) | Equity Shares Allotted | Warrants Pending |
|---|---|---|---|---|---|
| Mahevarsh Fincon Private Limited | 1,98,00,000 | 1,98,00,000 | 3,71,25,000 | 1,98,00,000 | 0 |
| Manali Kirit Bhuva | 1,20,00,000 | 1,20,00,000 | 2,25,00,000 | 1,20,00,000 | 0 |
| Bhanuben Shamji Dedhia | 40,00,000 | 40,00,000 | 75,00,000 | 40,00,000 | 0 |
| Bansri Bhavesh Dedhia | 80,00,000 | 80,00,000 | 1,50,00,000 | 80,00,000 | 0 |
| Bhavesh Shamji Dedhia | 40,00,000 | 40,00,000 | 75,00,000 | 40,00,000 | 0 |
| Shamji Kanji Dedhia | 40,00,000 | 40,00,000 | 75,00,000 | 40,00,000 | 0 |
| Dhairya Management Services Private Limited | 2,00,00,000 | 2,00,00,000 | 3,75,00,000 | 2,00,00,000 | 0 |
Stock Price Movement
Gemstone Investments Ltd shares settled at ₹1.62, dropping 1.22% as the markets closed today. Throughout the session, the stock traded between a low of ₹1.54 and a high of ₹1.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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