Bilcare Limited has informed the Exchange about the following: a) Redemption of Preference Shares and b) Conversion of Warrants and Allotment of Equity Shares
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Bilcare Limited redeemed 1,56,00,000 (15.6 crore) 0.1% Non-cumulative Redeemable Preference Shares of Caprihans India Limited in two tranches on May 28 and May 29, 2026. Additionally, the company converted 10,40,000 Convertible Warrants into an equal number of equity shares of Caprihans India Limited at Rs. 200 per share. Following these transactions, Bilcare's shareholding in Caprihans India Limited increased from 59.56% to 62.04%. The Board also approved audited financial results showing standalone net profit of Rs. 0.99 crore for FY2026 (down from Rs. 3.99 crore in FY2025), while consolidated results showed a net loss of Rs. 17.29 crore for FY2026. No dividend was recommended for FY2026.
The increased stake in Caprihans India Limited strengthens Bilcare's control over its subsidiary. However, the company reported weak financial performance with no dividend, and auditors flagged material uncertainty about the company's ability to continue as a going concern.