Caprihans India Limited has informed the Exchange about (a) Redemption of Preference Shares & (b) Conversion of Warrants.
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Caprihans India Limited completed two corporate actions: (1) Redemption of 78,00,000 preference shares worth ₹7.80 Crores at face value of ₹10 each, reducing preference share capital to ₹147.90 Crores; (2) Allotment of 5,20,000 equity shares to promoter Bilcare Limited upon exercise of warrants at ₹200 per share (₹10 face value + ₹190 premium), generating ₹7.80 Crores for the company. This increases equity share capital from ₹16.43 Crores to ₹16.95 Crores. Promoter holding increased from 60.84% to 62.04% post-allotment. This is part of a series of warrant conversions that began in January 2025, totaling millions of warrants converted over multiple tranches.
The preference share redemption reduces debt obligations and improves the company's balance sheet. The warrant conversion increases the equity base and strengthens the promoter's stake, which could be viewed positively as it shows promoter commitment, though existing shareholders face dilution.