NSEStatement of deviation(s) or variation(s) under Reg. 322d ago · 29 Oct 2026, 05:23 pm
Statement of deviation(s) or variation(s) under Reg. 32
Senores Pharmaceuticals Limited · SENORES
✦ AI SummaryFundraise
Senores Pharmaceuticals Limited has submitted a statement of deviation(s) or variation(s) under Reg. 32 to the Exchange regarding the utilization of funds raised through a preferential issue of convertible equity warrants for the quarter ended September 30, 2026. The company confirms that there has been no deviation(s) or variation(s) in the utilization of the funds raised for the objects stated in the explanatory statement to the Notice of the Extra-ordinary General Meeting held on January 31, 2026.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Senores Pharmaceuticals Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
Attachments (1)
📄pdf
Download →
SENORES_29102026172305_SOD_warrants.pdf
View document text
Date: October 29, 2026
To, To,
Sr. General Manager Sr. General Manager
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street Bandra Kurla Complex
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
BSE Scrip Code: 544319 NSE Symbol: SENORES
Sub.: Submission of statement of deviation or variation in utilisation of funds raised through
preferential issue of convertible equity warrants, for the quarter ended on September 30,
2026
Dear Sir/Ma’am,
Pursuant to Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-
2/CIR/P/2024/185 dated December 31, 2024 and SEBI Master Circular No.
SEBI/HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, please find enclosed
herewith the statement of deviation(s) or variation(s) for the quarter ended September 30, 2026 in
respect of utilization of funds raised through preferential issue of 11,70,000 convertible equity warrants
by the Company.
We hereby confirm that there has been no deviation(s) or variation(s) in the utilization of the funds
raised through preferential issue of convertible equity warrants, for the abovementioned period, for the
objects stated in the explanatory statement to the Notice of the Extra-ordinary General Meeting held on
January 31, 2026.
The aforesaid statement has been reviewed by the Audit Committee and taken on record by the Board
of Directors at their respective meetings held on October 29, 2026.
This intimation is also being uploaded on the website of the Company i.e., www.senorespharma.com.
You are requested to take the same on record.
Thanking you.
For Senores Pharmaceuticals Limited
Shilpa Sharma
Company Secretary & Compliance Officer
Membership Number: A34516
Enclosure: As above
Senores Pharmaceuticals Limited
1101 to 1103, 11th Floor, South Tower, One42, Opp. Jayantilal Park,
Ambali Bopal Road, Ahmedabad-380054, Gujarat, India
P: +91 79 2999 9857 | E: info@senorespharma.com
W: www.senorespharma.com | CIN No.: L24290GJ2017PLC100263
STATEMENT OF DEVIATION(S) / VARIATION(S) IN UTILISATION OF FUNDS RAISED THROUGH
PREFERENTIAL ALLOTMENT, FOR THE QUARTER ENDED SEPTEMBER 30, 2026
Name of listed entity Senores Pharmaceuticals Limited
Mode of Fund Raising Preferential Issue of 11,70,000 Convertible Equity
Warrants each convertible into one Equity Share of
face value ₹10/- (Rupees Ten only) each, at an
exercise price of ₹ 812/- (Rupees Eight Hundred
and Twelve only) per Warrant
Date of Raising Funds March 28, 2026
Amount Raised Rs. 95,00,40,000
Report filed for Quarter ended September 30, 2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of No
funds raised
If yes, whether the same is pursuant to Not Applicable
change in terms of a contract or objects,
which was approved by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after No comments
review
Comments of the auditors, if any No comments
Objects for which funds have been raised and where there has been a deviation, in the
following table
Original Modified Original Modified Funds Amount Remark
Object Object, if Allocation Allocation Utilized of s, if any
any , if any Deviatio
Variatio
for the
quarter
accordin
g to
applicab
le object
Funding the Not 31,25,30,000 Not 6,84,00,000 No -
working capital Applicable Applicable deviation
requirements
our Company
Senores Pharmaceuticals Limited
1101 to 1103, 11th Floor, South Tower, One42, Opp. Jayantilal Park,
Ambali Bopal Road, Ahmedabad-380054, Gujarat, India
P: +91 79 2999 9857 | E: info@senorespharma.com
W: www.senorespharma.com | CIN No.: L24290GJ2017PLC100263
Funding the Not 25,00,00,000 Not Nil No -
product Applicable Applicable deviation
development
expenditure for
the Company
Investment in Not 15,00,00,000 Not 6,15,01,000 No -
our Applicable Applicable deviation
subsidiaries, by
way of loan, to
fund their
working capital
requirements
General Not 23,75,10,000 Not 3,92,09,000 No -
Corporate Applicable Applicable deviation
Purpose
Total 95,00,40,000 16,91,10,000
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the 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 documents i.e, prospectus, letter of
offer, etc
For Senores Pharmaceuticals Limited
Shilpa Sharma
Company Secretary & Compliance Officer
Membership Number: A34516
Senores Pharmaceuticals Limited
1101 to 1103, 11th Floor, South Tower, One42, Opp. Jayantilal Park,
Ambali Bopal Road, Ahmedabad-380054, Gujarat, India
P: +91 79 2999 9857 | E: info@senorespharma.com
W: www.senorespharma.com | CIN No.: L24290GJ2017PLC100263