Sowmya Deshpande reduces stake in Family Care Hospitals

1 min read     Updated on 30 Jun 2026, 05:08 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Sowmya Deshpande sold 184,383 shares of Family Care Hospitals Ltd via open market transactions between June 23 and June 29, 2026, reducing her stake to 6.03%. The disclosure was filed under SEBI takeover regulations.

powered bylight_fuzz_icon
44365090

*this image is generated using AI for illustrative purposes only.

Sowmya Deshpande has reduced her shareholding in Family Care Hospitals Ltd by selling 184,383 shares through open market transactions executed between June 23, 2026, and June 29, 2026. The disclosure, submitted to the Bombay Stock Exchange, details the change in ownership under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale represents 0.34% of the company's total share capital.

Prior to the transaction, Deshpande held 3,443,519 shares, which accounted for 6.38% of the total voting capital. Following the disposal of the specified shares, her total holding has adjusted to 3,259,136 shares. This revised stake constitutes 6.03% of the total paid-up equity share capital of the target company. The equity share capital of Family Care Hospitals Ltd remains unchanged at Rs. 54,01,47,740, comprising 5,40,14,774 shares with a face value of Rs. 10 each.

The acquirer clarified that she does not belong to the promoter or promoter group of the company. The shares of Family Care Hospitals Ltd are listed on BSE Limited. The disclosure confirms that no shares were encumbered at the time of the transaction, and no voting rights were held other than through equity shares. The mode of sale was explicitly stated as the open market.

Shareholding Details

Description Number of Shares % of Total Share Capital
Holding Before Sale
Shares carrying voting rights 3,443,519 6.38
Sale Details
Shares sold 184,383 0.34
Holding After Sale
Shares carrying voting rights 3,259,136 6.03

Historical Stock Returns for Family Care Hospitals

1 Day5 Days1 Month6 Months1 Year5 Years
+4.21%+2.41%-5.11%-20.80%-32.50%-84.94%

What are the potential reasons behind Sowmya Deshpande's decision to reduce her stake at this specific time?

How might this divestment impact the current share price and investor sentiment of Family Care Hospitals Ltd?

Is there a likelihood of further share sales by Deshpande given her remaining 6.03% stake?

like19
dislike

Family Care Hospitals shareholders reject related party transactions

1 min read     Updated on 23 Jun 2026, 10:33 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
43777519

*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 Day5 Days1 Month6 Months1 Year5 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?

like20
dislike

More News on Family Care Hospitals

Must Read Next

Earnings

Corporate Actions

Stocks

1 Year Returns:-32.50%