Bilcare has informed that the Board of Directors of the Company, at its meeting held on 10 January 2025, has decided to exercise its right for conversion of 14,90,000 (Fourteen Lakh Ninety Thousand only) Convertible Warrants of Rs. 200 (Rupees Two Hundred only) each out of 48,00,000 (Fourty Eight Lakh) Convertible Warrants, issued by Caprihans India (Subsidiary), into 14,90,000 Equity Shares of Rs 10 each at a Premium of Rs 190 per share, by payment of balance 75% towards issue price of warrants Rs. 22,35,00,000, in multiple tranches; Noted Resignation of Abhigyan Upadhyay as an Executive Director with effective from 9t January, 2025. Abhigyan Upadhyay (DIN 07267470), vide his letter dated 9th January, 2025 has tendered his resignation as an Non-Executive, Non-Independent Director of the Company with immediate effect. Abhigyan Upadhyay in his letter dated 9 January, 2025 has also confirmed that there are no other material reasons for his resignation other than those mentioned in the resignation letter. The resignation letter with reasons as indicated is enclosed as Annexure - A.
The above information is a part of company’s filings submitted to BSE.
