Enclosed herewith Amended Memorandum of Association
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Family Care Hospitals Ltd filed its amended Memorandum of Association incorporating two new main object clauses. Clause 7A allows the company to act as a corporate agent for general, health, and life insurance products under IRDA regulations. Clause 7B permits the company to engage in AI-based healthcare solutions, including predictive health analytics, machine learning, telemedicine, digital health platforms, and related software development in India and overseas. Clause 7B was approved by the Board on April 24, 2025, and subsequently by shareholders through a postal ballot on May 25, 2025. The company was previously known as Scandent Imaging Limited before a name change in July 2022. The authorised share capital remains Rs. 75 crore divided into 75 lakh equity shares of Rs. 10 each, with the registered office in Maharashtra.
The expansion into insurance distribution (7A) and AI-driven healthcare/technology services (7B) signals a strategic diversification beyond traditional hospital operations, potentially opening new revenue streams but also introducing execution risks in unfamiliar business segments.