Gemstone Investments has informed that the Board of Directors of the Company at its meeting held on 4th June 2026, has transacted the following: 1. Conversion of Convertible Warrant into Equity Shares: The company has informed that, pursuant to the approval of the Board of Directors of the Company and in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘SEBI ICDR Regulations’) and Sections 62 and 42 of the Companies Act, 2013 read with the rules made thereunder, the Board of Directors at its meeting held on 4th June 2026 at the registered office of the Company, has approved the conversion of 3,18,00,000 Convertible Warrants into 3,18,00,000 Equity Shares of the Company. Each warrant has been converted into one equity share of face value ?1/- each at a conversion price of ?2.50/- per equity share, upon receipt of the full subscription amount, as prescribed under Regulation 169 of the SEBI ICDR Regulations. The equity shares have been allotted to the Non-Promoters of the Company. In this regard, the details pursuant to Schedule III Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed. The Meeting of the Board of Directors of the Company commenced at 10:30 am and concluded at 11:00 am.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 873.90 |
| Shriram Finance | 915.70 |
| Aditya Birla Capital | 353.60 |
| Chola Invest & Fin. | 1486.35 |
| Tata Capital | 311.85 |
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