Postal Ballot: NCD issue of Rs 350 cr, borrowing cap hike to Rs 1000 cr
FISCHER · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.0 pts less than its Medical Equipment & Supplies peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fischer Medical Ventures dispatched a postal ballot to shareholders with 7 resolutions for e-voting from Oct 17 to Nov 15, 2026. Key items: NCD issue of Rs 350 crore, charge on assets of subsidiaries Time Medical and Flynncare, pledge of promoter shares with 2.5x security cover, corporate guarantees from FMV Holdings and Mercatus Capital, and increase in borrowing limit to Rs 1,000 crore. Cut-off Oct 9; results by Nov 17, 2026.
Shareholders must e-vote by Nov 15. Approvals enable Rs 350 cr NCD raise, push total borrowing cap to Rs 1,000 cr, and involve pledging of promoter shares and subsidiary assets.