Gemstone Investments Limited has appointed M/s. A. Raghavendra Rao & Associates as its statutory auditor and regularized the appointment of Jiten Shah as a Non-Executive Director, subject to shareholder approval. The Board of Directors approved these proposals during its meeting held on July 13, 2026, at the company's registered office. The decisions will be placed before members via a postal ballot process to ensure compliance with regulatory requirements.

The appointment of M/s. A. Raghavendra Rao & Associates (PRN: 018363 / FRN.: 003324S) as statutory auditors is a key governance measure. Additionally, the Board moved to regularize the appointment of Mr. Jiten Shah (DIN: 03147534) as a Non-Executive Director. These resolutions require the approval of the shareholders to become effective.

To facilitate shareholder voting, the company has scheduled a remote e-voting and postal ballot period. The voting process will commence on July 18, 2026, at 09:00 A.M. and conclude on August 16, 2026, at 05:00 P.M. The cut-off date for determining shareholder eligibility for e-voting is July 10, 2026.

M/s. Aarju Agrawal & Associates Company Secretaries (COP. No. 15770) has been appointed as the scrutinizer to oversee the voting process. The Board meeting, which commenced at 3:00 P.M. and concluded at 3:30 P.M., was held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Meeting Details

Gemstone Investments Limited reported a net profit of ₹40.39 lakh for the financial year ended March 31, 2026, an increase from ₹31.61 lakh in the previous year. Revenue from operations for the year rose to ₹223.36 lakh from ₹124.55 lakh in FY25. The board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The company has submitted newspaper clippings of these results to BSE Limited on May 30, 2026, pursuant to Regulation 47 of the SEBI Listing Regulations.

The statutory auditor, M/s. A. Raghavendra Rao & Associates, Chartered Accountants, issued an unmodified opinion on the standalone financial results. The company stated that it did not have any material weaknesses in its internal financial controls over financial reporting, which were operating effectively as of March 31, 2026.

For the quarter ended March 31, 2026, the company reported a profit of ₹38.67 lakh, compared to a loss of ₹26.80 lakh in the preceding quarter ended December 31, 2025. Revenue from operations for the quarter stood at ₹91.77 lakh, up from ₹58.02 lakh in the previous quarter.

Financial Performance

The company's total income for FY26 was ₹223.37 lakh, compared to ₹124.55 lakh in the previous year. Total expenses for the year increased to ₹157.09 lakh from ₹78.65 lakh in FY25. The profit before tax for the year was ₹66.27 lakh, compared to ₹45.90 lakh in the prior year. Basic and diluted earnings per share for the year stood at ₹0.05, compared to ₹0.01 in the previous year.

The following table summarizes the standalone audited financial results for the financial year ended March 31, 2026:

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹5,340.44 lakh, an increase from ₹2,504.60 lakh in the previous year. Non-current investments were recorded at ₹191.63 lakh, compared to nil in the prior year. Total equity attributable to owners of the parent increased to ₹4,972.49 lakh from ₹2,472.10 lakh.

Current liabilities increased to ₹367.95 lakh from ₹32.50 lakh in the previous year, primarily due to current borrowings of ₹355.32 lakh. The company's cash and cash equivalents decreased to ₹17.34 lakh as of March 31, 2026, from ₹122.57 lakh at the end of the previous financial year.