Family Care Hospitals Completes ₹18.67 Cr Warrant Allotment, Appoints New CFO

Family Care Hospitals Limited has successfully completed the allotment of 1.87 crore convertible equity warrants on a preferential basis, marking the execution of its previously announced fundraising plan. The Board of Directors approved the allotment at their meeting held on December 26, 2025, along with the appointment of a new Chief Financial Officer.

Warrant Allotment Details

The company has allotted 18,677,500 convertible warrants at an issue price of ₹10.00 per warrant to investors from both promoter and non-promoter categories. The allotment follows the regulatory framework under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Parameter:	Details
Total Warrants Allotted:	18,677,500
Issue Price per Warrant:	₹10.00
Upfront Payment Received:	₹4.67 crores
Payment per Warrant (25%):	₹2.50
Balance Payment (75%):	₹7.50 per warrant
Number of Investors:	6

Conversion Terms and Timeline

Each warrant is convertible into one fully paid-up equity share with a face value of ₹10.00. Warrant holders have 18 months from the allotment date to exercise their conversion option by paying the balance consideration of ₹7.50 per warrant. If warrants remain unexercised within this period, they will lapse and the upfront payments will be forfeited by the company.

Leadership Enhancement

The Board appointed Mr. Rajesh Julal More as Chief Financial Officer with immediate effect from December 26, 2025. More brings comprehensive expertise in senior finance leadership with extensive experience across multiple domains including direct and indirect taxation, GST and income tax compliance, statutory audits, and regulatory filings. His proven expertise extends to financial management, budgeting, forecasting, treasury operations, cash flow management, and strategic financial planning.

Key Expertise Areas:	Details
Financial Reporting:	IFRS and GAAP-compliant reporting, MIS development
Operations Management:	Cost management, internal controls, process improvements
Technology Integration:	ERP implementation, automation, data analytics
Strategic Leadership:	Financial modeling, M&A analysis, risk management
Emerging Technologies:	AI-driven financial reporting, ESG reporting
Team Management:	Leading high-performing finance teams, change management

More is well-versed in leveraging data analytics, AI-driven financial reporting, ESG reporting, and emerging technologies to support informed decision-making and sustainable business growth. His appointment strengthens the company's financial leadership capabilities and supports its strategic growth initiatives.

Regulatory Compliance

The warrant allotment was conducted in accordance with SEBI (ICDR) Regulations 2018 and the Companies Act, 2013. The Board meeting commenced at 5:42 PM and concluded at 7:00 PM on December 26, 2025. The disclosure was signed by Suchit Raghunath Modshing, Whole Time Director (DIN: 10974977), confirming the company's commitment to regulatory compliance and transparent corporate governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.16%	-0.26%	-0.26%	-14.67%	-43.92%	-69.69%

Family Care Hospitals Limited (FCHL), formerly known as Scandent Imaging Limited, announced the resignation of its Chief Financial Officer (CFO), Amit Satishchand Tyagi, effective from the close of business hours on October 28, 2025. The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Tyagi cited personal reasons for his departure in his resignation letter dated October 27, 2025. The company confirmed that there are no material reasons for the resignation beyond those mentioned by Mr. Tyagi.

Company Performance

The resignation comes at a time when Family Care Hospitals Limited reported financial results for the second quarter and half-year ended September 30, 2025:

Financial Metric	Q2 2025 (₹ in lakhs)	H1 2025 (₹ in lakhs)
Revenue from Operations	7.38	9.10
Total Income	17.79	19.51
Total Expenses	478.51	549.75
Net Loss	(460.72)	(530.24)

The company's financial position shows a challenging period with a substantial net loss for both the quarter and half-year.

Other Significant Developments

During the quarter, FCHL reported two notable financial events:

Payment of a penalty under protest amounting to ₹35,10,000 pursuant to a SEBI Order dated June 03, 2025.
Creation of a provision for contingent liabilities of ₹368 lakhs related to long-pending lease matters at its Mahim Division.

The provision for contingent liabilities is related to a Supreme Court decision that dismissed the company's petition and directed compliance with a Small Causes Court order. This order required the payment of rent arrears amounting to ₹368 lakhs for the company's Mahim Division premises.

Looking Ahead

As Family Care Hospitals Limited navigates through these financial challenges and the departure of its CFO, the company's management will need to focus on stabilizing its financial position and finding a suitable replacement for Mr. Tyagi to ensure continuity in its financial operations and strategy.

The Board of Directors, in its meeting held on October 28, 2025, reviewed and approved the unaudited financial results for the quarter and half-year ended September 30, 2025, along with acknowledging Mr. Tyagi's resignation.

Family Care Hospitals Limited operates in the healthcare services segment, and stakeholders will be watching how the company addresses its current financial situation and the transition in its financial leadership.