Quarterly Result30 March 2026 at 02:11 pm
Bilcare Ltd. Redeems Preference Shares & Converts Warrants in Caprihans India Ltd., Completes Voluntary Liquidation of UK Subsidiary
AI Summary
Bilcare Limited has informed the Exchange about the update on Voluntary Liquidation of its Wholly Owned Subsidiary, Bilcare GCS Limited, in the United Kingdom. The company has successfully completed the voluntary winding up of the subsidiary as per the applicable laws of England & Wales. In addition, Bilcare Limited has redeemed 31,50,000 (Thirty-one Lakh Fifty Thousand) 0.1% Non-Cumulative, Non-Participating Redeemable Preference Shares of Caprihans India Limited, and converted 12,90,000 (One Lakh Twenty-Nine Thousand) warrants into equity shares of Caprihans India Limited.
Key Highlights
- Bilcare GCS Limited has been successfully liquidated as a wholly owned subsidiary in the United Kingdom.
- Redeemed 31,50,000 0.1% Non-Cumulative, Non-Participating Redeemable Preference Shares of Caprihans India Limited.
- Converted 12,90,000 warrants into equity shares of Caprihans India Limited.
- Invested in 48,00,000 Convertible Warrants at a price of INR 200/- each.
- Exercised right of conversion of warrants into equity shares of Caprihans India Limited.