Hemo Organic Promoters Sell 16.38% Stake via Share Purchase Agreements

Hemo Organic Ltd has informed the stock exchanges about Share Purchase Agreements (SPAs) executed by its promoters, Mr. Dineshbhai Shanabhai Patel and Mrs. Sonalben Dineshbhai Patel. They propose to sell an aggregate of 5,67,958 equity shares, representing 16.38% of the company's paid-up equity share capital. The shares are being sold to Mrs. Ketanaben Jasani, Mrs. Heema Makadia, M/s. V9BIZ Business Solution LLP, and Jasani Family Trust. The company itself is not a party to these agreements. The transaction involves the sale of 4.50% each to Mrs. Jasani and Mrs. Makadia, 4.50% to V9BIZ Business Solution LLP, and a combined 2.60% to Jasani Family Trust. The fully diluted percentage considers potential conversion of outstanding warrants.