Family Care Hospitals Limited has initiated a postal ballot process to seek shareholder approval for related party transactions proposed for the financial year 2026-27. The company’s board has identified four specific entities classified as promoter group companies for these transactions. The resolutions require ordinary approval from the members through remote e-voting.

The related parties involved in the proposed transactions include Onelife Capital Advisors Limited, Dealmoney Commodities Private Limited (merged with Dealmoney Securities Private Limited), Dealmoney Distribution and E-Marketing Private Limited, and Sarsan Securities Private Limited. The transactions are intended to support the company’s proposed revival, restructuring, and future business expansion plans by ensuring the availability of financial resources for operational liabilities and statutory obligations.

Key Details of Proposed Transactions

The company has disclosed that the proposed transactions will be in the nature of purchase or sale of services, giving or availing of loans, guarantees, or the selling or buying of property. The maximum value of transactions for each related party has been specified for the financial year. The audit committee has reviewed and approved these transactions, noting they will be conducted on an arm’s length basis.

E-Voting Schedule and Process

The remote e-voting facility will be available to shareholders whose names appear on the register of members or in the register of beneficial owners as on the cut-off date of May 08, 2026. The voting period begins at 9:00 AM on May 22, 2026, and ends at 5:00 PM on June 20, 2026. Shareholders can cast their votes through the CDSL or NSDL e-voting systems or via the Registrar & Transfer Agent’s platform.

Purva Sharegistry (India) Private Limited has been engaged to provide the remote e-voting facility. M/s M Siroya and Company, Company Secretaries, has been appointed as the scrutinizer to ensure the process is conducted fairly and transparently. The results of the postal ballot will be declared on June 20, 2026, subject to obtaining requisite votes.

Family Care Hospitals Limited reported its audited standalone financial results for the quarter and year ended March 31, 2026, approved by the Board of Directors at its meeting held on May 12, 2026. The company posted a net loss of ₹868.29 lakhs for the full year, compared to a net loss of ₹4,414.53 lakhs in the previous year. Revenue from operations declined sharply to ₹20.97 lakhs for the year, against ₹790.46 lakhs in the prior year. The financial results were reviewed by the Audit Committee and audited by statutory auditors Rafik and Associates, Chartered Accountants, who issued an unmodified opinion.

Financial Performance Overview

The company's total income for the year stood at ₹45.02 lakhs, significantly lower than ₹1,105.68 lakhs in the previous year. For Q4 FY26, total income was ₹16.68 lakhs, compared to ₹205.19 lakhs in Q4 FY25. The following table summarises the key financial metrics (figures in ₹ lakhs):

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹4,308.15 lakhs, compared to ₹4,609.11 lakhs in the previous year. Inventories remained unchanged at ₹3,803.00 lakhs, which include Discount Coupon Vouchers of ₹38.03 crore that have remained unutilised due to the closure of the company's main hospital operations. Cash and cash equivalents were ₹26.40 lakhs as at March 31, 2026. Equity share capital stood at ₹5,401.48 lakhs, while other equity was negative at ₹(4,456.04) lakhs.

Cash Flow Statement

For the year ended March 31, 2026, net cash used in operating activities was ₹(544.21) lakhs, compared to ₹(1,731.73) lakhs in the prior year. There were no investing activities during the year. Net cash from financing activities was ₹607.03 lakhs, driven by proceeds from issuance of share capital of ₹466.94 lakhs and borrowings of ₹177.42 lakhs. Cash and cash equivalents at the end of the year were ₹86.40 lakhs, up from ₹23.58 lakhs at the beginning of the year.

Auditor's Emphasis of Matter

The statutory auditors drew attention to two key matters without qualifying their report. First, the company was subjected to a ransomware attack on January 30, 2026, resulting in corruption of primary and backup data. Financial information has been reconstructed based on available records, and necessary controls have been strengthened. Second, the inventory includes Discount Coupon Vouchers of ₹38.03 crore, which have remained unutilised due to the closure of the company's main hospital operations, and will be utilised and/or sold upon revival of hospital operations. The management believes the impact of the ransomware attack, to the extent ascertainable, has been appropriately considered in the financial results.

Board Meeting Outcomes and Corporate Developments

At the Board meeting held on May 12, 2026, in addition to approving the financial results, the Board also approved the Postal Ballot Notice and appointed M/s. Mukesh Siroya and Co., Practicing Company Secretary, as Scrutinizer to conduct the postal ballot process. Purva Sharegistry (India) Private Limited has been appointed to provide e-voting facilities, with the e-voting period commencing at 9:00 AM IST on May 22, 2026 and ending at 5:00 PM IST on June 20, 2026. The cut-off date for determining eligible members was fixed as May 8, 2026. Separately, the Board took on record the resignation of Mrs. Neetu Maurya from the position of Company Secretary and Compliance Officer, effective from the close of business hours on May 02, 2026, due to personal reasons. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.