Bilcare Board Decides Not To Exercise Warrants In Caprihans, Amount Stands Forfeited
Bilcare Limited has announced that its Board of Directors will not exercise the option for conversion regarding a block of warrants held in Caprihans India Limited. The decision was made following consideration of the Company's liquidity position, capital allocation priorities, and overall business requirements.As per the terms governing the warrant issue, the decision to allow these warrants to lapse upon expiry means that the upfront subscription amount paid by Bilcare for those specific warrants will be forfeited.
The Board’s resolution, passed on June 4, 2026, concerned 3,15,000 warrants relating to Caprihans India Limited. The decision involves a total upfront subscription amount of Rs. 1,57,50,000/-.
The key details regarding the warrant option are as follows:
| Particulars | Details |
|---|---|
| Name of Investee Company | Caprihans India Limited |
| Number of Warrants proposed not to be exercised | 3,15,000 |
| Upfront subscription amount paid thereon | Rs. 1,57,50,000/- |
| Expiry date of exercise period | June 04, 2026 |
Under the terms of the warrant agreement, the decision to not exercise the warrants means that they will lapse upon the expiry of the defined exercise period on June 4, 2026. The upfront subscription amount associated with these warrants shall stand forfeited. Bilcare Limited stated it will undertake necessary disclosures subsequent to the lapsing of the aforementioned warrants.
BI Stock Price Movement
Shares of Bilcare Limited on Thursday slipped by 1.95%, settling at ₹63.14 in the session. The stock recorded a traded volume of 7,638 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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