Corporate Action5 Jun 2026, 05:43 pm
Caprihans India: 3.15 Lakh Warrants Lapse, ₹1.57 Cr Forfeited
AI Summary
Caprihans India Limited announced the lapse and forfeiture of 3,15,000 warrants originally allotted to promoter Bilcare Limited. These warrants, representing 75% of the issue price, were not exercised within the 18-month stipulated timeline ending June 4, 2026. Consequently, the initial subscription amount of ₹1.575 crore paid for these warrants stands forfeited and will be retained by the company. There will be no change in Caprihans India's paid-up equity share capital as a result of this forfeiture. The company had initially allotted 48,00,000 warrants to Bilcare Limited at ₹200 per warrant.
Key Highlights
- 3,15,000 warrants lapsed due to non-exercise by the deadline.
- ₹1.575 crore forfeited from initial subscription amount.
- No change in the company's paid-up equity share capital.
- Warrants were allotted to promoter Bilcare Limited.
- Lapse occurred on June 4, 2026, after an 18-month tenure.
Price Impact
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