Family Care Hospitals shareholders reject related party transactions
Family Care Hospitals Limited shareholders rejected four ordinary resolutions seeking approval for related party transactions for FY26-27. Over 82% of valid votes were cast against proposals involving Onelife Capital Advisors, Dealmoney Commodities, Dealmoney Distribution And E-Marketing, and Sarsan Securities. The postal ballot, scrutinized by M Siroya and Company, saw participation solely from public non-institutional shareholders.
*this image is generated using AI for illustrative purposes only.
Family Care Hospitals Limited shareholders rejected four ordinary resolutions seeking approval for related party transactions for the financial year 2026-27. The postal ballot results, scrutinized by M Siroya and Company, revealed that over 82% of valid votes were cast against the proposals involving Onelife Capital Advisors Limited, Dealmoney Commodities Private Limited, Dealmoney Distribution And E-Marketing Private Limited, and Sarsan Securities Private Limited. The outcome prevents the company from entering into the proposed transactions with these entities during the specified period.
The remote e-voting process concluded on June 20, 2026. A total of 71 members cast 501,960 valid votes. Public non-institutional shareholders accounted for the entire participation, with 501,960 votes polled, while promoter and promoter group, as well as public institutions, recorded zero votes. There were no invalid votes, though one member abstained, accounting for 50 votes.
Voting Results Summary
The scrutiny report confirmed that none of the four resolutions achieved the requisite majority. The table below details the voting pattern for each resolution:
| Resolution | Votes For | Votes Against | % For | % Against |
|---|---|---|---|---|
| Onelife Capital Advisors Limited | 89688 | 412272 | 17.87 | 82.13 |
| Dealmoney Commodities Private Limited | 89675 | 412285 | 17.86 | 82.14 |
| Dealmoney Distribution And E-Marketing Private Limited | 89688 | 412272 | 17.87 | 82.13 |
| Sarsan Securities Private Limited | 89652 | 412308 | 17.86 | 82.14 |
Procedural Details
Mukesh Siroya of M Siroya and Company served as the scrutinizer for the postal ballot. The notice for the ballot was dated May 12, 2026, with the record date set as May 8, 2026. The company communicated the notice via email to 43,038 members who had registered their email addresses, complying with Ministry of Corporate Affairs and SEBI circulars that dispensed with the requirement for physical dispatch of postal ballot forms.
The report, dated June 22, 2026, was countersigned by Suchit Raghunath Modshing, Chairperson and Whole Time Director of Family Care Hospitals Limited. The electronic data and records relating to the remote e-voting are under the scrutinizer's custody and will be handed over to the authorized person for preservation.
Historical Stock Returns for Family Care Hospitals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.21% | +2.41% | -5.11% | -20.80% | -32.50% | -84.94% |
How will Family Care Hospitals Limited adjust its operational strategy for FY 2026-27 following the rejection of these key related party transactions?
What specific measures will the company take to address the lack of promoter participation and rebuild trust with public non-institutional shareholders?
Will the company restructure the proposed agreements with Onelife Capital and Dealmoney entities to address shareholder concerns and seek approval again?
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