Enclosed herewith Disclosure under Regulation 30 pursuant to proposed issue of 1,86,77,500 convertible equity warrant on preferential basis
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Awaiting price reaction for this filing.
Family Care Hospitals Ltd is proposing to issue 1,86,77,500 Convertible Equity Warrants on a preferential basis, aiming to raise approximately ₹18.68 crore. Of this, 75% (₹14.01 crore) will be used for working capital needs — now revised entirely towards repayment of an overdraft bank loan (₹1.50 crore) and vendor payments (₹12.51 crore). The remaining 25% (₹4.67 crore) is earmarked for general corporate purposes. The company stated that the funds will be utilised within 6 months of receipt. This disclosure follows a Postal Ballot Notice dated 13th June 2025.
The shift in fund usage from earlier stated purposes (new products, subsidiaries) to debt and vendor repayment suggests the company is prioritising cleaning up its balance sheet over expansion. Shareholders should note this is a dilution event — existing equity holders will see their stake reduced if warrant holders choose to convert. The small size of the issue (~₹18.68 crore) means dilution impact is limited but may signal short-term liquidity pressure.