Bilcare Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors of the company, through a Circular Resolution passed on June 4, 2026, approved the decision not to exercise the option for conversion of the balance 315,000 warrants held by the company in Caprihans India Limited.
The decision was taken after considering the company's liquidity position, capital allocation priorities, and overall business requirements.
According to the terms and conditions governing the issue of the warrants, these warrants shall lapse upon expiry of the exercise period on June 4, 2026. The upfront subscription amount aggregating to ₹1,57,50,000 (One Crore Fifty-Seven Lakh Fifty Thousand Rupees) paid by the company in respect of these warrants shall stand forfeited.
Key Details:
- Investee Company: Caprihans India Limited
- Number of Warrants Not Exercised: 315,000
- Upfront Subscription Amount Forfeited: ₹1,57,50,000
- Expiry Date of Exercise Period: June 4, 2026
The company has stated that it shall undertake such disclosures and compliances as may be applicable consequent to the lapse of the aforesaid warrants.
The disclosure was signed by Sagar R. Baheti, Company Secretary of Bilcare Limited, on June 4, 2026.