Caprihans India Limited has informed the Exchange about disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding Redemption of Preference Shares & Conversion of Warrants
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Caprihans India has completed two corporate actions. First, the company redeemed 60 lakh 0.1% Non-Cumulative, Non-Participating Redeemable Preference Shares worth ₹6 crore, reducing its preference share capital. Second, the company allotted 4 lakh equity shares of ₹10 each to promoter Bilcare Limited upon conversion of an equal number of warrants. The warrants were originally issued at ₹200 per share (₹10 face value + ₹190 premium), with Bilcare paying the remaining 75% balance of ₹6 crore. Post-allotment, Bilcare's holding increased from 62.04% to 62.92% of the company's equity capital.
The preference share redemption reduces the company's debt-like obligations. The warrant conversion increases equity share capital from ₹16.95 crore to ₹17.35 crore while diluting minority shareholders marginally as the promoter stake increases.