Family Care Hospitals CFO Resigns Amid Q2 FY26 Losses

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 disclosure was made in compliance with SEBI’s Listing Obligations and Disclosure Requirements.

Resignation Details

Mr. Tyagi submitted his resignation letter on October 27, 2025, citing personal reasons. The company confirmed that there are no material reasons beyond those stated by the CFO.

Financial Performance for Q2 and H1 FY26

The resignation coincides with the release of FCHL’s financial results for the quarter and half-year ended September 30, 2025:

• Revenue from Operations: ₹7.38 lakh in Q2; ₹9.10 lakh in H1
• Total Income: ₹17.79 lakh in Q2; ₹19.51 lakh in H1
• Total Expenses: ₹478.51 lakh in Q2; ₹549.75 lakh in H1
• Net Loss: ₹460.72 lakh in Q2; ₹530.24 lakh in H1

The company continues to face a challenging financial environment, with substantial losses reported for both periods.

Other Significant Developments

During the quarter, FCHL paid a penalty under protest amounting to ₹35.10 lakh pursuant to a SEBI order dated June 03, 2025. Additionally, the company created a provision of ₹368 lakh for contingent liabilities related to long-pending lease matters at its Mahim Division.

The provision follows a Supreme Court decision dismissing the company’s petition and directing compliance with a Small Causes Court order requiring payment of rent arrears of ₹368 lakh.

Corporate Governance and Compliance

The company reiterated its commitment to regulatory compliance and transparency in disclosures. The resignation and financial updates were communicated in accordance with SEBI norms to ensure timely information for stakeholders.

Read More: Centre Revises CGHS Rates for Nearly 2000 Medical Procedures.

Conclusion

Family Care Hospitals faces a difficult phase marked by leadership changes and financial challenges. With the CFO’s resignation and significant provisions impacting results, the company’s focus will likely remain on stabilising operations and addressing regulatory obligations.

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