Family Care Hospitals Ltd has announced its proposal to issue 1.87 crore (1,86,77,500) convertible equity warrants on a preferential basis to raise funds for loan repayment and working capital needs. The announcement was made in a regulatory filing, as the company aims to strengthen its financial position.

Proposed Warrant Issue

The company plans to issue the convertible equity warrants under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows a postal ballot notice dated June 13, 2025.

Fund Utilization Framework

Family Care Hospitals has outlined a comprehensive fund utilization plan with specific allocations and timelines for deployment. The proceeds will be strategically divided between working capital requirements and general corporate purposes.

Working Capital Deployment Strategy

The company has provided detailed specifications for the working capital allocation, focusing on debt reduction and creditor settlements. Initially, Family Care Hospitals considered utilizing working capital funds for vendor dues repayment, new product development, and establishment of new subsidiaries. However, given the current financial position, the entire working capital allocation will now be directed towards loan repayments and outstanding dues settlement.

Regulatory Compliance and Timeline

The convertible equity warrants issue is being conducted in continuation of earlier communications and pursuant to Regulation 30 of the SEBI LODR regulations. Family Care Hospitals has confirmed that funds raised through the proposed preferential issue will be utilized exclusively for the stated objectives. All relevant information regarding this issue will be made available on the company's website at https://familycarehospitals.com/ .

Corporate Governance

The disclosure has been signed by Suchit Raghunath Modshing, Whole Time Director (DIN: 10974977), and Neetu Maurya, Company Secretary and Compliance Officer (Membership No: A70372). The company operates from its registered office at Plot No. A-357, Road No. 26, Wagle Industrial Estate, MIDC, Thane (W)-400604, Maharashtra.

This strategic financial initiative represents Family Care Hospitals' commitment to strengthening its balance sheet by addressing outstanding financial obligations while maintaining adequate working capital for operational requirements.

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:

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:

1. Payment of a penalty under protest amounting to ₹35,10,000 pursuant to a SEBI Order dated June 03, 2025.
2. 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.