Faalcon Concepts Ltd — Important, 06-11-2025: Company Update
06-11-2025 | 01:21 pm
06-11-2025 | 01:21 pm
Faalcon Concepts' Board has approved a significant capital expansion plan. This includes increasing its Authorized Share Capital from ₹10.50 Cr to ₹14.00 Cr. The Board also approved a preferential allotment to raise ₹14.46 Cr through the issue of up to 12 lakh convertible warrants to promoters and 20.50 lakh equity shares to non-promoters, both at ₹44.50 per share/warrant. These actions aim to strengthen the company's financial position. An Extra-Ordinary General Meeting will be held to obtain shareholder approval for all these proposals.
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