Key Quantitative Figures

The proposed right issue has a maximum size of ₹2200 lakhs (₹22 crores).

Dates of Action

The monitoring agency agreement was executed on 03 November 2026. The disclosure was made to BSE on 06 November 2026.

Parties Involved

  • Issuer Company: Faalcon Concepts Limited, registered office at N-75 GROUND FLOOR, MAYFIELD GARDEN, SECTOR51, GURUGRAM, Gurugram, Haryana, 122018
  • Monitoring Agency: Brickwork Ratings India Private Limited, registered office at 3rd Floor, Raj Alkaa Park, Kalena Agrahara, Bannerghatta Road, Bangalore-560076
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Company Representatives: Ekta Seth, Managing Director (DIN: 08141902); Authorized Signatory for Brickwork Ratings: Sharad Shivram

Purpose and Rationale

To appoint Brickwork Ratings as the monitoring agency to monitor the utilization of gross proceeds from the proposed right issue in accordance with the objects of the issue as stated in the offer document and SEBI regulations.

Monitoring Agency Responsibilities

  • Issue quarterly monitoring reports in format prescribed under Schedule XI of SEBI Regulations
  • Monitor utilization of gross proceeds until 100% utilization is achieved
  • Review information/documents/statements provided by the company
  • Have right to inspect company records with prior notice
  • Submit reports to audit committee and company within 45 days from quarter end
  • May issue qualified reports if dissatisfied with company responses

Company Obligations

  • Establish an Issue Monitoring Account for depositing gross proceeds
  • Provide required information within 7 working days from quarter end
  • Submit certificates from statutory auditor/peer reviewed audit firms within 10 calendar days after each quarter
  • Provide declarations from CFO/Company Secretary/Authorized Signatories
  • Place monitoring reports before audit committee for comments
  • Publicly disseminate reports on website and to stock exchanges
  • Pay monitoring agency fees and expenses as per Annexure-B (not detailed in document)

Agreement Terms

  • Effective from 03 November 2026 until 100% utilization of gross proceeds
  • Termination requires 30 days prior written notice and intimation to SEBI/stock exchanges
  • Governing law: Laws of Republic of India
  • Exclusive jurisdiction: Courts in Mumbai
  • Confidentiality provisions with exceptions for regulatory disclosures
  • Comprehensive indemnity clause protecting monitoring agency
  • Disclaimer that monitoring report is not an audit, expert advice, or recommendation

Financial Impact

Monitoring agency fees payable to Brickwork Ratings as per commercial terms in Annexure-B (not quantified in disclosure).