Faalcon Concepts reported a standalone net profit of ₹29.25 crore for FY26, a 9.4% increase from ₹26.73 crore in the previous year. Consolidated net profit stood at ₹33.74 crore, reflecting the inclusion of its new subsidiary.

The company's consolidated revenue from operations rose 17.8% to ₹338.73 crore, up from ₹287.52 crore in FY25. Standalone revenue grew 4.4% to ₹300.17 crore. Management highlighted strong execution capabilities and a growing order book as key drivers for the year.

Financial Performance

Consolidated figures show a more pronounced growth trajectory due to the acquisition of Chrome Coaters Private Limited (CCPL). Consolidated EBITDA (profit before exceptional items and tax) reached ₹46.03 crore, compared to ₹38.05 crore in the prior period.

Acquisition and Goodwill

A material development during the year was the acquisition of a 53% equity stake in CCPL through a share exchange agreement effective September 17, 2025. This transaction resulted in the recognition of ₹190.55 crore in goodwill on the consolidated balance sheet. The cost of acquisition was ₹201.14 crore, against which Faalcon’s share of CCPL’s net assets was valued at ₹10.59 crore.

What the Numbers Show

The divergence between standalone and consolidated margins highlights the impact of the acquisition on the group's financial structure. While standalone net margin remained stable at approximately 9.7%, the consolidated net margin expanded to roughly 9.9%. However, the significant goodwill creation indicates that the purchase price substantially exceeded the fair value of identifiable net assets acquired, suggesting a premium paid for future growth synergies rather than current asset value.

Capital Structure and Governance

The company increased its authorized share capital to ₹14 crore from ₹10.5 crore. It issued 29.15 lakh equity shares on a preferential basis for consideration other than cash, specifically for the CCPL acquisition. No dividend was declared for FY26, with management citing the need to conserve resources for future prospects. The debt-to-equity ratio improved significantly to 0.10 times from 0.27 times in the previous year, aided by the capital infusion from the share issuance.

Faalcon Concepts has scheduled its 8th Annual General Meeting (AGM) for September 29, 2026. The meeting will be held through video conferencing or other audio-visual means from the company’s registered office in Gurugram.

The Board of Directors concluded its meeting on September 4, 2026, approving the Director’s Report and Audited Standalone Financial Statements for FY26. Shareholders must be on record by September 22, 2026, to be eligible for voting.

Key Agenda Items

The primary business for the AGM includes the adoption of financial results and the reappointment of a retiring director. Specifically, shareholders will consider:

• Adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and auditors.
• Adoption of the Audited Consolidated Financial Statements for the same period.
• Reappointment of Mrs Ekta Seth as a Director. She retires by rotation and is eligible for reappointment. Mrs Seth serves as the Managing Director and has been with the company since its incorporation.

Auditor Appointments for FY27

The Board also finalized service providers for the upcoming financial year. M/s Ishan Monga & Co. was reappointed as the internal auditor, while M/s Rishi Sohar & Associates was retained as the secretarial auditor for FY26-27. Both firms have no disclosed relationships with the company’s directors.

M/s Ishan Monga & Co. brings experience in statutory audit, internal control assessment, and taxation. M/s Rishi Sohar & Associates specializes in corporate legal compliance and governance audits for listed entities.

E-Voting and Meeting Schedule

The company will provide remote e-voting facilities through Central Depository Services (India) Limited (CDSL). Mr. Rishi Sohar has been appointed as the scrutinizer for the e-voting process. Beetal Financial Services Private Limited is the appointed service provider.

Shareholders can join the virtual meeting five minutes before and after the scheduled start time. Participation is limited to 1,000 members on a first-come, first-served basis, excluding large shareholders holding 2% or more, promoters, institutional investors, and key managerial personnel.

Other Approvals

The Board approved the Secretarial Audit Report for FY25-26. The company notified the BSE of these outcomes pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report and AGM Notice are available on the company’s website.