Caprihans India Limited has informed the Exchange that the Board of Directors of the Company in their Meeting held on 23 March 2026 has approved allotment of Equity shares upon conversion of warrants.
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Caprihans India Limited's Board approved the allotment of 3,30,000 equity shares to promoter Bilcare Limited upon conversion of 3,30,000 warrants at Rs. 200 per share (Rs. 10 face value + Rs. 190 premium), aggregating Rs. 6.60 crore. Bilcare paid the balance 75% amount of Rs. 4.95 crore to exercise the warrants. As a result, promoter holding increased from 56.88% to 57.81%, and the company's paid-up equity share capital rose from Rs. 14.92 crore to Rs. 15.25 crore. Separately, the company redeemed 31.5 lakh 0.1% non-cumulative preference shares worth Rs. 3.15 crore. The Board also decided not to undertake any further preference share redemption this financial year, citing global geopolitical uncertainties.
The warrant conversion shows continued promoter confidence and brings in Rs. 4.95 crore of fresh capital, but it slightly dilutes minority shareholders as the promoter's stake rises to 57.81%. The pause on further preference share redemption signals a cautious capital management approach amid global uncertainties.