Bilcare Limited Redeems Preference Shares, Converts Warrants, and Completes Subsidiary Liquidation
Bilcare Limited announced several key corporate actions on March 30, 2026. The company redeemed 31,50,000 0.1% Non-cumulative, Non-participating Redeemable Preference Shares of Caprihans India Limited on March 23, 2026, amounting to ₹3.15 crore.The company also converted 12,90,000 warrants into equity shares of Caprihans India Limited. A table outlining the allotment details is below:
| Date of Allotment | Number of Equity Shares allotted | Equity Shares held prior to allotment | % to total Equity Share Capital | Equity Shares held after allotment | % to total Equity Share Capital |
|---|---|---|---|---|---|
| 20/03/2026 | 3,00,000 | 81,88,325 | 55.99 | 84,88,325 | 56.88 |
| 23/03/2026 | 3,30,000 | 84,88,325 | 56.88 | 88,18,325 | 57.81 |
| 24/03/2026 | 3,30,000 | 88,18,325 | 57.81 | 91,48,325 | 58.70 |
| 25/03/2026 | 3,30,000 | 91,48,325 | 58.70 | 94,78,325 | 59.56 |
Furthermore, Bilcare Limited announced the successful completion of the voluntary liquidation of its wholly-owned subsidiary, Bilcare GCS Limited, in the United Kingdom. Bilcare GCS Limited contributed INR 11.88 lacs or 0.02% to the company's total consolidated turnover for the fiscal year 2024-25. Liquidation proceeds amounting to GBP 195,781.83 have been remitted and are pending credit to the company’s account.
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