Please refer the attached Postal ballot, the voting of which start from 26th April 2025 to 25th May 2025
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Awaiting price reaction for this filing.
Family Care Hospitals Limited has issued a Postal Ballot Notice dated April 24, 2025, seeking shareholder approval through remote e-voting from April 26 to May 25, 2025. Seven resolutions are on the ballot: regularization of three directors (Mrs. Archana Chirawawala, Mr. Sanjeev Seth as Independent Directors, and Mr. Suchit Raghunath Modshing as Executive Whole Time Director), appointment of Mr. Nitesh Shrinath Singh as Independent Director (notably, his earlier nomination was rejected by shareholders on 27th February 2025 and is now being re-submitted), approval for related party transactions for FY 2025-26, cancellation of a previously passed resolution to increase authorized share capital from Rs 75 crore to Rs 125 crore, and an amendment to the Memorandum of Association to add AI-based healthcare, predictive analytics, telemedicine and digital health platforms to the company's business objects. E-voting is being facilitated by Purva Sharegistry (India) Pvt Ltd, with M/s M Siroya and Company as the scrutinizer.
The AI/technology addition to the objects clause signals a potential business pivot toward digital health and AI-driven healthcare, which could change the company's growth narrative. The re-submission of Mr. Nitesh Singh after a prior shareholder rejection raises a mild governance flag, and the cancellation of the earlier share capital increase plan suggests the company is scaling back its expansion financing plans. Shareholders should review each resolution, particularly the related party transactions item and the director re-appointment.