Caprihans India Limited has informed the Exchange about the disclosure under Regulation 30 of SEBI LODR Regulations, regarding Board of Directors in principle approval towards redemption ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Caprihans India Limited, at its meeting held on 01 June 2026, gave in-principle approval for the redemption of up to 40 lakh (4 million) 0.1% Non-Cumulative, Non-Participating Redeemable Preference Shares of ₹10 each. These will be redeemed in multiple tranches out of the total 1,419 lakh preference shares currently outstanding. This means roughly 2.8% of the company's preference share capital is being redeemed in this first phase. The redemption will happen in tranches, though no specific timeline or premium details were disclosed in this filing.
This is a gradual capital restructuring move that reduces the company's preference share liability. For equity shareholders, the impact is likely neutral as preference shares are a separate class, but it signals the company is working through its preference share obligations.