Hemo Organic Allots 34 Lakh Equity Shares on Warrant Conversion

Hemo Organic Ltd announced the allotment of 34,00,000 fully paid-up equity shares following the conversion of an equal number of convertible warrants. These warrants were issued on a preferential basis to Non-Promoter category allottees. The issue price per share was Rs. 12.50, including a premium of Rs. 2.50. The total amount received for this conversion was Rs. 3,18,75,000. This allotment increases the company's paid-up equity share capital from 34,65,900 shares to 68,65,900 shares. The newly issued shares will rank pari-passu with existing equity shares.