Gemstone investments Limited has announced the appointment of Mr. Jiten Shah as Additional Executive Director, effective January 28, 2026. The appointment was approved during a board meeting held at the company's registered office on Wednesday, January 28, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting was conducted at the company's registered office and lasted for 30 minutes, commencing at 5:30 P.M. and concluding at 6:00 P.M. The primary agenda item was the consideration and approval of Mr. Jiten Shah's appointment to the board.

Director Appointment Details

The company has provided comprehensive disclosure information pursuant to SEBI regulations regarding the new appointment:

Professional Background

Mr. Jiten Shah brings expertise in the field of advisory and management to his new role. According to the company's disclosure, his expertise is expected to be beneficial for the growth of Gemstone Investments Limited. The newly appointed director has no inter se relationship with the existing board members.

Regulatory Compliance

The appointment has been made in full compliance with regulatory requirements. Mr. Shah has provided a formal declaration confirming that he is not debarred from holding the office of director by virtue of any order passed by the Securities and Exchange Board of India or any other authority. This declaration was submitted on January 20, 2026, prior to his formal appointment.

Corporate Governance

The appointment reflects the company's commitment to strengthening its board composition with experienced professionals. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full transparency with stakeholders and regulatory authorities.

Gemstone Investments has announced a corporate action that could reshape its capital structure. The company's Board of Directors has approved the allotment of 19,37,60,000 convertible warrants at a price of Rs 2.50 per warrant on a preferential basis to non-promoters on November 26, 2025.

Key Details of the Allotment

This decision follows a special resolution passed by the company's members on September 30, 2025. The allotment is in compliance with the relevant regulations and laws governing such issuances.

Potential Impact

The allotment of these convertible warrants may have several implications for Gemstone Investments:

1. Capital Infusion: If all warrants are converted, it could result in a capital infusion of approximately Rs 48.44 crore (19,37,60,000 * Rs 2.50).

2. Equity Dilution: Full conversion would lead to the issuance of 19,37,60,000 new equity shares, which may dilute the existing shareholding structure.

3. Non-Promoter Stake: The allotment to non-promoters may alter the company's ownership structure, potentially increasing the non-promoter stake in the company.

4. Future Growth: The additional capital raised through this allotment could be used for various purposes such as expansion, debt reduction, or funding new projects, depending on the company's strategic plans.

It's important to note that the conversion of these warrants into equity shares is subject to the terms and conditions set by the company and relevant regulatory requirements.

Investors and stakeholders may want to monitor future announcements from Gemstone Investments regarding the utilization of funds and any strategic decisions that may follow this corporate action.