Gemstone Investments Limited announced that at the Board of Directors meeting held on September 02, 2016, the board approved change in designation of Nimesh Ganatra from Executive Director to Non - Executive Director of the company with effect from 3rd September, 2016. Resignation of Rohan Barot from directorship and he ceases to be Chief Financial Officer of the company. Resignation of Anant Palan from directorship of the company.

Appointment of Deepak Apraj as the Chief Financial Officer of the company with effect from 3rd September, 2016. Appointment of Manali Bhuve as the Non Executive Director of the company with effect from 3rd September, 2016. Dhara Brahmbhatt was appointed as the new Chairman of the Board.