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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Gemstone Investments Ltd

Gemstone Investments Converts Warrants to Equity, Raises Rs. 6.16 Crore

FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 29 Jun 2026, 04:45 PM IST  ·  BSE ID: 15246ec4-515c-4c60-b8cc-37a1b3985f07
View Original BSE Filing (PDF)
💡
In Simple Terms
The company converted 32.88 million special options (warrants) into regular shares, raising Rs. 6.16 Crore from investors.
🤖 AI Summary
  • Gemstone Investments converts 32,880,000 warrants into equity shares.
  • This preferential allotment raises Rs. 6,16,50,000 in total.
  • Conversion price is Rs. 2.50 per equity share, face value Rs. 1.
  • Shares allotted to non-promoter investors including Chintan Hemantbhai Patel.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Convertible Warrants converted
3,28,80,000
Number of Equity Shares issued
3,28,80,000
Face value per Equity Share
₹ 1/-
Conversion Price per Equity Share
₹ 2.50/-
Premium per Equity Share
₹ 1.50/-
Total amount raised
₹ 6,16,50,000/-
🏢 How This Affects the Company
📈
Business Impact
The conversion of warrants into equity shares increases the company's equity base, potentially strengthening its financial position for future operations.
💰
Financial Impact
The company receives Rs. 6,16,50,000 upon conversion, which enhances its cash reserves. This also increases the number of outstanding equity shares.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders regarding this warrant conversion.
👤
Who Is Affected
Existing shareholders are affected by an increase in the total number of outstanding equity shares.
🔍
Management Signal
The decision signals management's intent to utilize convertible instruments to raise capital from specific investors.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Next quarterly results for impact on financials.
Subsequent filings for any further capital raise.
Company's stated use of funds raised from conversion.
LOW RISK Routine capital raise via warrant conversion, no new material risks disclosed.
💡 Investor Takeaway
Gemstone Investments converted 32,880,000 warrants into equity shares at Rs. 2.50 per share, raising Rs. 6,16,50,000. The shares were allotted to non-promoters.
⚖️ Strengths & Concerns

✅ Positives

  • Successful conversion of 32,880,000 convertible warrants into equity shares.
  • Raised aggregate of Rs. 6,16,50,000 through preferential allotment of equity shares.
📅 Company Track Record
This is the fourth filing in June 2026 regarding warrant conversions. Previous conversions in June 2026 raised Rs. 5.62 Cr and Rs. 5.59 Cr respectively.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What did Gemstone Investments Ltd's Board of Directors approve on June 29, 2026?
The Board approved the conversion of 3,28,80,000 convertible warrants into 3,28,80,000 equity shares of face value ₹ 1/- each.
How much capital did Gemstone Investments raise through this warrant conversion?
Gemstone Investments raised an aggregate of ₹ 6,16,50,000 by converting the warrants into equity shares at a price of ₹ 2.50 per share.
Who were the allottees of the equity shares issued upon warrant conversion?
The equity shares were allotted to Non-Promoters, specifically naming Chintan Hemantbhai Patel, Sejal Chintan Patel, Shyamalkumar Hemantbhai Patel, and Falguni Ajay Shah.
What is the conversion price for Gemstone Investments' warrants?
Each warrant was converted into one equity share at a conversion price of ₹ 2.50 per equity share, with a face value of ₹ 1/-.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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