Faalcon Concepts Limited has made a regulatory disclosure to BSE Limited regarding a board decision on fundraising through a rights issue.
The Board of Directors of the Company, at their meeting held on Monday, 14th September, 2026, considered and approved the issuance of equity shares by way of a Rights Issue to eligible shareholders of the Company. The meeting commenced at 12:00 p.m. and concluded at 12:20 p.m.
The Rights Issue is proposed to raise up to ₹22 Crores (Rupees Twenty Two Crores Only). The issuance will be made to eligible shareholders as on a record date that is yet to be determined and notified subsequently.
The specific terms of the Rights Issue, including the determination of the issue price, rights entitlement ratio, record date, timing of the Rights Issue, and terms of payment, will be determined by the Board of Directors authorized for this purpose and disclosed to the Stock Exchanges in due course.
The issuance is subject to compliance with applicable laws, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and is subject to obtaining necessary regulatory and statutory approvals.
The disclosure includes annexure information as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIRIP/0155 dated November 11, 2024, which specifies:
- Type of securities: Equity Shares of face value of ₹10 each
- Type of issuance: Rights Issue to existing shareholders as on record date
- Total amount: Up to ₹22 Crores (the exact number of shares will be determined after receiving in-principle approval from the Stock Exchange)
The intimation was signed by Ekta Seth, Managing Director (DIN: 08141902), on behalf of Faalcon Concepts Limited, with registered office at N-75, Ground Floor, Mayfield Garden, Sector-51, Gurugram-122018, Haryana, India.