Rainbow Childrens Medicare Limited has informed the Exchange regarding Notice of Postal Ballot
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Rainbow Childrens Medicare has sent a Postal Ballot Notice to shareholders seeking approval via remote e-voting for one Special Resolution: allowing the company to advance loans, give guarantees, or provide security up to an aggregate of Rs. 35 Crores to three entities in which certain directors are interested — Rainbow Speciality Hospitals Pvt Ltd (existing subsidiary), Prashanthi Medicare Pvt Ltd (existing subsidiary), and Pratiksha Women & Child Care Hospital Pvt Ltd (which will become a subsidiary following a 76% equity and 100% NCRPS acquisition approved by the Board on August 11, 2025). The loans are meant to fund the borrowing entities' principal business activities, including expansion and working capital needs. Remote e-voting runs from August 29, 2025 (9:00 AM) to September 27, 2025 (5:00 PM), with results to be announced on or before September 30, 2025.
This is a routine inter-company funding approval needed because the recipients have directors in common with Rainbow, making it a related-party transaction under Section 185. Shareholders must vote during the e-voting window; outcome will be announced by September 30, 2025. Approval enables the company to support subsidiary operations and the new Pratiksha acquisition, with no direct financial impact on listed shareholders beyond standard governance compliance.