Key Quantitative Figures

  • Total warrants originally allotted: 48,00,000 (48 lakh)
  • Warrants exercised: 44,85,000 (44.85 lakh)
  • Warrants lapsed: 3,15,000 (3.15 lakh)
  • Issue price per warrant: ₹200
  • Total issue value: ₹96,00,00,000 (₹96 crore)
  • Forfeited amount: ₹1,57,50,000 (₹1.575 crore)
  • Upfront payment received: 25% of issue price
  • Balance payment due: 75% of issue price

Parties Involved

  • Issuing Company: Caprihans India Limited
  • Warrant Holder: Bilcare Limited (Promoter)
  • Regulatory Authority: BSE Limited
  • Compliance Officer: Rajesh P. Likhite, Company Secretary & Compliance Officer

Financial Impact

  • The forfeited amount of ₹1,57,50,000 shall be retained by the company
  • No change in the paid-up equity share capital of the company
  • The amount will be accounted for in accordance with applicable accounting standards and regulatory requirements

Terms of Issue

  • 25% of issue price received upfront as initial subscription amount at time of allotment
  • Balance 75% payable upon exercise of warrants within 18 months
  • Warrants convertible to equity shares upon payment of balance amount

Consequence of Lapse

  • Warrant holder ceases to have any right or entitlement to seek conversion of warrants into equity shares
  • No equity dilution occurred due to the lapse
  • The transaction is complete with the forfeiture of the upfront payment