Please refer attached Notice of Postal Ballot and the voting period starts from 14.06.2025 to 13.07.2025
Price
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Awaiting price reaction for this filing.
Family Care Hospitals Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting from June 14, 2025 to July 13, 2025. The main resolution is a Special Resolution to issue up to 1.86 crore convertible warrants at INR 10 each, aggregating to about INR 18.68 crore, with a floor price of INR 4.86 per share; the bulk of these (1.80 crore warrants) are earmarked for Dealmoney Commodities Pvt Ltd, with small allotments to five individuals. The company also proposes to increase its authorised share capital from INR 75 crore to INR 125 crore (7.5 crore to 12.5 crore equity shares of INR 10 each). Four additional Ordinary Resolutions seek shareholder approval for related party transactions during FY 2025-26 with Onelife Capital Advisors, Dealmoney Distribution & E-Marketing, Dealmoney Commodities (now merged with Dealmoney Securities), and Sarsan Securities.
If approved, the warrant issue could lead to meaningful equity dilution upon conversion, and the dominant allocation to Dealmoney Commodities (a related party) may concentrate control and raise governance concerns for minority shareholders. The sharp difference between the face/issue price of INR 10 and the floor price of INR 4.86 suggests the conversion economics will depend heavily on the stock price at the time of exercise.