Enclosed herewith Outcome of Board meeting dated 12.05.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Family Care Hospitals reported a massive revenue collapse for FY2026, with total income dropping to ₹45.02 lakh from ₹1,105.68 lakh in FY2025—a 96% decline. The company posted a net loss of ₹868.29 lakh versus a loss of ₹4,414.53 lakh in the prior year. The auditors issued an unmodified (clean) opinion but included an Emphasis of Matter noting a ransomware attack on January 30, 2026 corrupted primary and backup data, requiring financial reconstruction. The company's main hospital operations have closed, and ₹38.03 crore in Discount Coupon Voucher inventory remains idle. Total equity has turned negative at ₹945.44 lakh (negative Other Equity of ₹4,456.04 lakh). The Company Secretary also resigned effective May 2, 2026. A postal ballot is being conducted for shareholder resolutions.
The stock faces severe distress due to near-zero revenue, negative equity, and operational shutdown. Despite a clean audit opinion, the Emphasis of Matter and going concern indicators (closed hospital, massive losses, data reconstruction) signal high risk. Shareholders should await the postal ballot outcomes for any revival plans.