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.

Family Care Hospitals Limited (Scrip Code: 516110) has announced the resignation of its statutory auditors, S.M Gupta & Co, Chartered Accountants, effective August 12, 2025. The resignation comes amidst a disagreement over professional fees, as disclosed in a regulatory filing to the BSE Limited.

Reasons for Resignation

S.M Gupta & Co, in their resignation letter, cited their inability to continue the audit engagement due to a proposed reduction in professional fees by Family Care Hospitals. The auditing firm stated that the revised fee structure was not commensurate with:

• The scope of work required
• The level of professional diligence necessary
• The resources needed to conduct the audit in compliance with applicable laws, regulations, and standards

Timeline and Impact

• The auditors had been serving for the financial year ending March 31, 2026
• The resignation takes effect from August 12, 2025
• Family Care Hospitals informed the BSE Limited of this change on August 13, 2025, in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements

Company's Response

Family Care Hospitals has acknowledged the resignation and has requested the clearance of all outstanding dues to the auditing firm. The company is now required to appoint new statutory auditors to ensure compliance with regulatory requirements.

Regulatory Compliance

The resignation and its disclosure follow the guidelines set by:

• Securities and Exchange Board of India (SEBI) circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated July 13, 2023
• SEBI circular no. CIR/CFD/CMD1/114/2019 dated October 18, 2019

These regulations ensure transparency in the resignation process of statutory auditors for listed companies.

The departure of statutory auditors over fee disputes highlights the challenges in maintaining a balance between cost management and ensuring high-quality audits in the healthcare sector. Stakeholders will be watching closely to see how Family Care Hospitals addresses this situation and appoints new auditors to maintain financial transparency and regulatory compliance.