Bilcare Limited has informed the Exchange about the following; a) Redemption of Preference Shares b) Conversion of Warrants and Allotment of Equity Shares c) Update on Voluntary liquidation ....
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Bilcare Limited informed the exchange about three corporate actions. First, the company redeemed 31,50,000 (0.1% Non-Cumulative, Non-Participating Redeemable) preference shares of Caprihans India Limited on March 23, 2026, worth Rs. 3.15 crore, as part of a larger planned redemption of 2,80,50,000 shares. Second, Bilcare converted 12,90,000 warrants into equity shares of Caprihans India Limited across four dates (March 20-25, 2026), increasing its stake from 55.99% to 59.56% of Caprihans' equity share capital. Third, the voluntary liquidation of Bilcare GCS Limited, a wholly owned UK-based subsidiary, has been successfully completed as of March 18, 2026, with liquidation proceeds of GBP 195,781.83 pending credit.
The preference share redemption and warrant conversion in Caprihans India Limited indicate Bilcare is gradually consolidating and increasing its investment in Caprihans. The UK subsidiary being liquidated was immaterial to the company (contributing only 0.02% of consolidated turnover), so this action is unlikely to materially affect Bilcare's financials. Overall, these appear to be routine corporate restructuring steps.