Summary of proceeding of the 31st Annual General Meeting of the Company held on Monday, 29th September
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Family Care Hospitals Limited held its 31st Annual General Meeting on Monday, September 29, 2025, at 3:00 PM via video conferencing. The meeting was chaired by Whole-Time Director Mr. Suchit Raghunath Modshing and attended by 8 directors/KMPs including the CFO, 4 independent directors, and the Company Secretary. Seven resolutions were taken up, including adoption of financial statements, appointment of new statutory auditor M/S Rafik & Associates (filling a casual vacancy from the previous auditor's resignation), appointment of secretarial auditor Ajay Kumar & Co., and re-appointment of Mr. Dhananjay Parikh as independent director for a second term. Two key financial special resolutions were passed: authorization for the board to make investments, give guarantees, and extend inter-corporate loans up to Rs. 50 crore over 5 years, and approval to raise borrowings up to Rs. 25 crore over 5 years. The meeting concluded in just 21 minutes at 3:21 PM, with e-voting results to be submitted separately by the scrutinizer.
The passing of the borrowing limit (Rs. 25 crore) and investment authorization (Rs. 50 crore) gives the board significant financial flexibility, which could support expansion or working capital needs but also raises debt exposure. The change in statutory auditor (from S.M. Gupta & Co. to Rafik & Associates) is a notable governance development worth monitoring. Shareholders should watch for the scrutinizer's consolidated voting report to confirm approval levels on the special resolutions.