Pursuant to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copy of the Notice of ....
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Family Care Hospitals has submitted its 31st AGM notice and annual report for FY 2024-25 to BSE, with the AGM scheduled for September 29, 2025 via video conferencing. The company reported a sharp swing to a loss of Rs. 4,414.53 lakhs in FY25, compared to a profit of Rs. 1,254.76 lakhs in FY24. Total income stood at Rs. 1,105.68 lakhs (revenue from operations of Rs. 790.46 lakhs and other income of Rs. 315.22 lakhs). Management attributed the losses to the closure of its flagship hospital in Mira Road since September 2024. Key AGM agenda items include the appointment of M/s Rafik & Associates as statutory auditor to fill the casual vacancy caused by the resignation of M/s S.M Gupta & Co., approval of a Rs. 50 crore investment/loan limit and Rs. 25 crore borrowing limit for 5 years, and the re-appointment of Mr. Dhananjay Parikh as Independent Director for a second term ending September 2030.
Shareholders should note the dramatic loss reversal driven by the Mira Road hospital closure, which is a key operational concern. The AGM agenda also seeks expanded borrowing and investment powers, which could signal upcoming fundraising or expansion plans but may also increase the company's leverage. The auditor change to Rafik & Associates (FRN 146573W) replacing S.M Gupta & Co. warrants attention for any related-party or governance implications.