Rainbow Children's Medicare to Seek Shareholder Nod for Loan Approvals

Disclaimer This is an AI-assisted live blog with updates from multiple sources Disclaimer

Rainbow Children's Medicare (RAINBOW) will seek shareholder approval via postal ballot for granting loans under Section 185 of the Companies Act, 2013. The e-voting period is set to begin on August 29, 2025.

E-voting will commence at 9:00 A.M. (IST) on August 29, 2025, and conclude at 5:00 P.M. (IST) on September 27, 2025. Results are expected on or before September 30, 2025.

If the resolution passes, the Board of Directors will be authorized to advance loans, provide guarantees, or security for financial assistance, up to an aggregate of ₹35.00 Crores. The borrowing companies are:

1. Rainbow Speciality Hospitals Private Limited
2. Prashanthi Medicare Private Limited
3. Pratiksha Women & Child Care Hospital Private Limited

Detailed e-voting instructions are available on the company's website and the NSDL website. Shareholders should update their mobile number and email ID in their demat accounts for e-voting access.

KVSS & CO. LLP, represented by Mr. K.V.S. Subramanyam or Ms. Soumya Dafthardar, has been appointed as scrutinizer for the e-voting process.

The postal ballot notice and documents are accessible on the company's website (www.rainbowhospitals.in), NSDL (www.evoting.nsdl.com), BSE Limited (www.bseindia.com), and NSE (www.nseindia.com).

The board approved this resolution on August 11, 2025, pending shareholder approval.

Directors holding positions or shares in the borrowing companies are excluded; otherwise, no other Director, Key Managerial Personnel, or their relatives have financial or other interests in the Special Resolution.