BSECompany Update17 Oct 2026 · 17 Oct 2026, 07:16 pm
Submission of Statement of deviation / variation for the quarter ended 30th September, 2026
Hemo Organic Ltd · 524590
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Hemo Organic Ltd submitted a statement on deviation/variations in the utilization of proceeds raised through a preferential issue of convertible warrants for the quarter ended September 30, 2026. The company reported no deviations/variations in the utilization of funds raised.
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Hemo Organic Ltd - 524590 - Statement On Deviation(S) / Variation(S) In Utilization Of Proceeds Raised Through Preferential Issue Of Convertible Warrants, Pursuant To Regulation 32 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations) For The Quarter Ended On September 30, 2026
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HEMO ORGANIC LIMITED
CIN - L24231GJ1992PLC018224
Address: Shop 1 to 3, First floor, Piyu Apartment Opp Electricity Sub Station & Mahesh Nagar, Nr. Radhika
Chambers & Jay Amarnath Society, Nikol Gam Road, Uttamnagar, Ahmedabad, Gujarat, India – 382 350
Email ID: hemoorganic@gmail.com Website: www.hemoorganic.co Ph. No. 8238557874
Date
To, th
: 17 October, 2026
BSE Limited
Phiroze Jeejeebhoy Tower,
Dalal Street,
Mumbai – 400 001
Dear Sir/Ma’am,
Sub: Submission of Un-audited Financial Results along with Limited Review Report
thereon for the Quarter and half year ended on 30th September, 2026
Ref: Scrip Code: 524590 | Symbol: HEMORGANIC | ISIN: INE422G01015
In reference to captioned subject and pursuant to Regulation 33(3)(d) of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we are hereby submitting the
Un-audited Financial Results along with Limited Review Report, by the Statutory Auditor of the
Company, i.e., M/s. V S S B & Associates, Chartered Accountant, for the quarter and half year ended
on 30 September, 2026.
PFolera, sHe etmakoe Onortgea onfi cth Lei msaimteed a nd oblige.
Vishwambar Kameshwar Singh
Managing Director
DIN: 09822587
HEMO ORGANIC LIMITED
CIN - L24231GJ1992PLC018224
Address: Shop 1 to 3, First floor, Piyu Apartment Opp Electricity Sub Station & Mahesh Nagar, Nr. Radhika
Chambers & Jay Amarnath Society, Nikol Gam Road, Uttamnagar, Ahmedabad, Gujarat, India – 382 350
Email ID: hemoorganic@gmail.com Website: www.hemoorganic.co Ph. No. 8238557874
Date: 17th October, 2026
BSE Limited
Phiroze Jeejeebhoy
Tower, Dalal Street,
Mumbai – 400001.
Dear Sir / Madam,
Sub: Statement on deviation(s) / variation(s) in utilization of proceeds raised through Preferential
Issue of convertible warrants, pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015 (“SEBI
Listing Regulations) for the quarter ended on September 30, 2026.
Ref: Scrip Code: 524590 | Scrip Symbol: HEMORGANIC | ISIN: INE422G01015
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
please find enclosed herewith the statement, in the prescribed format, confirming that there were no
deviations or variations in the utilization of proceeds from the Preferential Issue of Convertible Warrants of
the Company for the quarter ended September 30, 2026. The said statement was duly reviewed by the Audit
Committee at its meeting held today, i.e., 17th October, 2026.
You are requested to kindly take the above information on record.
Thanking You,
For, HEMO ORGANIC LIMITED
VISHWAMBAR KAMESHWAR SINGH
MANAGING DIRECTOR
DIN: 09822587
STATEMENT OF DEVIATION OR VARIATION FOR PROCEEDS OF PREFERENTIAL ISSUE OF
CONVERTIBLE WARRANTS:
Name of listed entity Hemo Organic Limited
Mode of Fund Raising Preferential Issue of Convertible Warrants
Date of Raising Funds 17-09-2026
Amount Raised Rs. 2,76,25,000
Report filed for Quater ended 30th September, 2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a Not Applicable
contract or objects, which was approved by the Shareholders
If Yes, Date of Shareholders Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Objects for which funds have been raised in the Preferential Issue and details of deviation, if any, in the following table:
(Rs. In lakhs)
Sr. Object as Modified Original Modified Amount Unutilised Amount of Remarks, if any
No. disclosed in Object, if Allocation allocation, utilised Amount Deviation/
the offer Any if Any Variation for
document the Quarter
1 Working NA 318.75 NA 207.19 0 NA NA
Capital
Requirement
2 General NA 106.25 NA 69.06 0 NA NA
Corporate
Purpose
425.00 276.25 0
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which funds have been raised; or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed; or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc.
FOR, HEMO ORGANIC LIMITED
VISHWAMBAR KAMESHWAR SINGH
MANAGING DIRECTOR
DIN: 09822587
STATEMENT OF DEVIATION OR VARIATION FOR PROCEEDS OF PREFERENTIAL ISSUE OF
CONVERTIBLE WARRANTS:
Name of listed entity Hemo Organic Limited
Mode of Fund Raising Preferential Issue of Convertible Warrants
Date of Raising Funds 25-09-2026
Amount Raised Rs. 42,50,000
Report filed for Quater ended 30th September, 2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a Not Applicable
contract or objects, which was approved by the Shareholders
If Yes, Date of Shareholders Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Objects for which funds have been raised in the Preferential Issue and details of deviation, if any, in the following table:
(Rs. In lakhs)
Sr. Object as Modified Original Modified Amount Unutilised Amount of Remarks, if any
No. disclosed in Object, if Allocation allocation, if utilised Amount Deviation/
the offer Any Any Variation for
document the Quarter
1 Working NA 318.75 NA 31.87 - NA NA
Capital
Requirement
2 General NA 106.25 NA 9.54 1.09 NA An amount of Rs.
Corporate 109,000
Purpose earmarked for
General Corporate
Purpose (“GCP”)
remains unutilised
and shall be
deployed/adjusted
as and when
required towards
General Corporate
Purpose.
425.00 41.41 1.09
Notes:
1. On February 26, 2026, the Company allotted 34,00,000 Convertible Equity Share Warrants on a preferential
basis to non-promoter allottees, pursuant to the approval granted by the shareholders at the Extra-Ordinary
General Meeting held on January 07, 2026. Each warrant was issued at an issue price of ₹12.50/- (Rupees
Twelve and Fifty Paise only), comprising a face value of ₹10.00/- and a premium of ₹2.50/- per warrant.
2. The Company had received an amount of ₹1,06,25,000/- (Rupees One Crore Six Lakh Twenty-Five Thousand
only), representing 25% of the total issue price, from the allottees towards the subscription of warrants on
February 26, 2026. The company has received the balance amount of ₹3,18,75,000/- (Rupees Three Crore
Eighteen Lakh Seventy-Five Thousand only), representing the remaining 75% of the total issue price, during
the quarter.
3. Upon receipt of the full issue consideration, the Company converted the aforesaid 34,00,000 Convertible
Equity Share Warrants into an equivalent number of equity shares and allotted 34,00,000 equity shares to the
respective warrant holders on September 25, 2026. The equity shares so allotted rank pari passu in all respects
with the existing equity shares of the Company.
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which funds have been raised; or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed; or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc.
FOR, HEMO ORGANIC LIMITED
VISHWAMBAR KAMESHWAR SINGH
MANAGING DIRECTOR
DIN: 09822587