Newspaper Advertisement of the Postal Ballot Notice
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Family Care Hospitals Ltd has published a Postal Ballot Notice in Business Standard (All India Edition) and Mumbai Prathakal (Regional Edition) on April 25, 2025, seeking shareholder approval through remote e-voting for 7 key resolutions. Key items on the ballot include: appointment of three new directors (Mr. Vinit Shrinivas Visariya and Mr. Sanjeev Seth as Non-Executive Independent Directors, and Mr. Suchit Raghunath Modshing as Whole-Time Executive Director), ratification of the unauthorized increase in authorized share capital done on August 29, 2024, approval of related party transactions for FY 2025-26, and alteration of the objects clause of the Articles of Association. The remote e-voting window opens on April 26, 2025 at 9:00 AM and closes on May 25, 2025 at 5:00 PM, with the cut-off date set as April 18, 2025. M/s Hiroya & Company, Company Secretaries has been appointed as scrutinizer for the process. The voting result will be declared within two working days from May 25, 2025 and submitted to BSE.
Shareholders need to vote on multiple critical items including director appointments and ratification of a past share capital increase. The ratification of the August 2024 capital increase is particularly significant as it implies the company had previously increased authorized share capital without prior shareholder approval, which may raise governance concerns. Outcome of these resolutions could affect board composition, capital structure flexibility, and related party deal approvals for the coming year.