BSECompany Update2d ago · 27 Jul 2026, 05:53 pm
Senores Pharmaceuticals Limited has informed the Exchange regarding submission of statement of deviation or variation in utilisation of funds raised through preferential issue of convertible ....
Senores Pharmaceuticals Ltd · 544319
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Senores Pharmaceuticals Ltd has submitted a statement of deviation or variation in the utilization of funds raised through a preferential issue of convertible equity warrants for the quarter ended June 30, 2026, stating that there has been no deviation or variation in the utilization of funds for the objects stated in the explanatory statement to the Notice of the Extra-ordinary General Meeting held on January 31, 2026.
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Senores Pharmaceuticals Ltd - 544319 - Submission Of Statement Of Deviation Or Variation In Utilisation Of Funds Raised Through Preferential Issue Of Convertible Equity Warrants, For The Quarter Ended On June 30, 2026
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Date:
July 27, 2026
To, To,
SBrS. EG eLnimeriatle Md a nager SNra. tGioennearla Slt Mocakn aEgxecrh ange of India Limited
Listing Department Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street Bandra Kurla Complex
MBSuEm Sbcarii p– 4C0o0d e0:0 514 4319 BNaSnEd Sryam (Eb)o, lM: SuEmNbOaiR –E 4S 00 051
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 June 30, 2026
Dear Sir/Madam,
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) in utilisation of funds raised through preferential
issue of 11,70,000 convertible equity warrants by the Company, for the quarter ended June 30, 2026.
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 July 27, 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.
TFohra nSkeinnogr yeosu P. harmaceuticals Limited
Deval Rajnikant Shah
Whole Time Director & CFO
DIN: 00332722
Enclosure
Senores Pharmaceuticals Limited
: As above
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
IPO, FOR THE QUARTER ENDED JUNE 30, 2026
Name of listed entity
Mode of Fund Raising
Senores Pharmaceuticals Limited
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
Date of Raising Funds
and Twelve only) per Warrant
Amount Raised
March 28, 2026
Report filed for Quarter ended
Rs. 95,00,40,000
Monitoring Agency
June 30, 2026
Monitoring Agency Name, if applicable
Not Applicable
Is there a Deviation / Variation in use of
Not Applicable
funds raised
If yes, whether the same is pursuant to
change in terms of a contract or objects,
Not Applicable
which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Not Applicable
Comments of the Audit Committee after
Not Applicable
review
No comments
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 Allocatio n 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 -
CToortpaol rate A pplicable 95,00,40,000 A pplicable 16,91,10,000 deviation
Purpose
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
Deval Rajnikant Shah
Whole Time Director & CFO
DIN: 00332722
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