Bilcare Limited has informed the Exchange about the update on Voluntary Liquidation of Wholly Owned Subsidiary Company.
BI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bilcare Limited announced that the voluntary liquidation of its UK-based wholly owned subsidiary, Bilcare GCS Limited, has been successfully completed on March 18, 2026. The subsidiary contributed only ₹11.88 lakhs (0.02%) to the company's consolidated turnover in FY2024-25, making it a non-material subsidiary. Liquidator proceeds of GBP 195,781.83 have been remitted and are pending credit to the company's account. Additionally, the company redeemed 31.50 lakh preference shares of Caprihans India Limited worth ₹3.15 crore, and converted 12.90 lakh warrants into equity shares of Caprihans India Limited at ₹200 each.
The liquidation is of a non-material subsidiary and unlikely to materially affect Bilcare's financials or stock price. The preference share redemption and warrant conversion in Caprihans India Limited slightly increased Bilcare's stake from 55.99% to 59.56%.