The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bilcare Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bilcare Ltd, the sole promoter of Caprihans India Ltd, has converted 5,20,000 convertible warrants into equity shares in the second tranche on 29 May 2026 (the first tranche of an equal size was allotted the previous day, 28 May 2026). With this conversion, Bilcare's holding in Caprihans India rose from 60.84% to 62.04% of the total equity share capital. Bilcare still holds 9,80,000 unconverted warrants; once all of these are converted, its stake will increase further to 64.11% of the diluted share capital. The shares were allotted on a preferential basis via warrant conversion, increasing Caprihans India's paid-up equity capital from Rs. 16.43 crore to Rs. 16.95 crore (and to Rs. 17.93 crore on full dilution). Public shareholding correspondingly drops from 37.96% to 35.89% on full conversion.
This is a promoter stake increase via warrant conversion, signalling continued promoter confidence and commitment, with no fresh cash outflow from the company. Existing public shareholders see their proportional holding diluted further, but the overall impact is modest (around 2.5% increase in promoter stake from 60.84% to 62.04%) and is not a market-driven event that would typically move the share price.