Gemstone Investments Limited, at its Board of Directors meeting held on May 08, 2026, approved the conversion of 6,18,80,000 (Six Crores Eighteen Lacs Eighty Thousand) convertible warrants into an equal number of fully paid-up equity shares. The conversion was carried out in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Sections 62 and 42 of the Companies Act, 2013. The board meeting commenced at 02:00 P.M. and concluded at 02:30 P.M. at the company's registered office.

Conversion and Allotment Details

Each convertible warrant was converted into one equity share of face value ₹1/- each at a conversion price of ₹2.50/- per equity share, reflecting a premium of ₹1.50/- per share. The total allotment aggregated to ₹11,60,25,000/-. The equity shares were allotted exclusively to non-promoters of the company on a preferential basis, at a ratio of 1:1 — one equity share for every warrant exercised — upon receipt of the full subscription amount as prescribed under Regulation 169 of the SEBI ICDR Regulations.

The following table summarises the key parameters of this allotment:

Allottee-wise Breakdown

Seven non-promoter investors participated in the warrant conversion. All warrants held by each allottee were fully exercised, leaving no warrants pending for conversion. The table below provides the complete allottee-wise details:

Regulatory Compliance

The disclosure was made under Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated January 30, 2026. The outcome of the board meeting was communicated to BSE Limited by Managing Director Sudhakar Gandhi (DIN: 09210342). Gemstone Investments Limited is incorporated under CIN: L65990MH1994PLC081749 and is headquartered at Unit No. 1212, Kosha Kommercial Komplex, Podar Road, Malad (East), Mumbai, Maharashtra, 400097.

Gemstone Investments Limited has notified BSE Ltd of the vacation of the office of Additional Director Mr. Jiten Shah, citing non-regularization under the applicable regulatory provisions. The intimation was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointment and Vacation of Office

Mr. Jiten Shah (DIN: 03147534) was appointed as an Additional Director of Gemstone Investments Limited with effect from January 28, 2026. However, his office as Additional Director stood vacated as on April 27, 2026, owing to non-regularization as per Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The key details of the directorial change are summarized below:

Regulatory Disclosure

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and addressed to the Listing Compliances department of BSE Ltd. The disclosure was signed and submitted by Sudhakar Gandhi, Managing Director (DIN: 09210342), on May 5, 2026.