Caprihans India Limited has informed the Exchange about (a) Redemption of Preference Shares & (b) Conversion of warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Caprihans India has completed two corporate actions: (1) Redemption of 60 lakh 0.1% Non-Cumulative Non-Participating Redeemable Preference Shares of ₹10 each, totaling ₹6 crore. This reduces the company's preference share capital. (2) Allotment of 4 lakh equity shares to promoter Bilcare Limited upon conversion of warrants at ₹200 per share (₹10 face value + ₹190 premium). Bilcare paid the balance 75% of warrant price (₹6 crore). Post-conversion, Bilcare's holding increased from 62.04% to 62.92%, strengthening promoter control. This is part of an ongoing warrant conversion process that began in January 2025.
Preference share redemption eliminates a small fixed dividend obligation, while warrant conversion dilutes public shareholding as the promoter increases their stake. Existing shareholders may see marginal EPS dilution but the preference share reduction improves financial flexibility.