Gemstone Investments Limited has submitted its quarterly compliance report to BSE Limited, confirming no deviation in the utilization of funds raised through its recent convertible warrants issue. The statement covers the quarter ended December 31, 2025, and was filed in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company successfully raised funds through convertible warrants on two specific dates in November 2025. The fund raising exercise was completed with specific allocations for predetermined business objectives.

Fund Utilization Breakdown

The company allocated the raised funds across three primary objects, with utilization proceeding according to the original plan. The largest portion was designated for working capital requirements to support the company's NBFC operations.

Compliance and Governance

The quarterly statement was reviewed and approved by the company's Audit Committee during its meeting held on February 13, 2026. Managing Director Sudhakar Gandhi, bearing DIN 09210342, digitally signed the compliance documents submitted to the exchange.

The company confirmed that no modifications were made to the original objects for which funds were raised, and no shareholder approval was required for any changes. The statement indicates that the company is utilizing funds in accordance with its disclosed plans, primarily focusing on strengthening its working capital position for NBFC activities.

Corporate Information

Gemstone Investments Limited operates as a Non-Banking Financial Company with its registered office located in Mumbai, Maharashtra. The company maintains its listing on BSE Limited under the scrip code 531137 and scrip ID GEMSI, ensuring regular compliance with all applicable listing regulations and disclosure requirements.

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.