Faalcon Concepts Limited has informed the stock exchanges regarding the sudden demise of its Secretarial Auditor, M/s Kundan Kumar Mishra & Associates. The cessation of services occurred on May 30, 2026, due to the auditor's death. The company submitted the intimation to BSE Limited on June 2, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s Kundan Kumar Mishra & Associates served as the Secretarial Auditor for the company. The firm held a Practicing Company Secretary Peer Review No. 2908/2023 and was based in New Delhi. The Board of Directors and employees expressed their deepest condolences to the bereaved family, acknowledging the auditor's contributions and guidance to the company.

Details of the Event

The following table outlines the specific details regarding the change in the Secretarial Auditor as per the regulatory disclosure:

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD- PoD-1/P/CIR/2023/123 dated July 13, 2023, SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. The filing was signed by Managing Director Ekta Seth.

Faalcon Concepts reported a net profit of ₹292.50 lakh for the financial year ended March 31, 2026, a significant increase from ₹141.84 lakh in the previous year. Revenue from operations rose to ₹3,000.71 lakh for FY26, up from ₹1,582.48 lakh in the prior year. The company's board approved the audited standalone and consolidated financial results for the half year and year ended March 31, 2026, at a meeting held on May 29, 2026.

The statutory auditors, M/s Sharma Sharma & Co., issued an unmodified opinion on the standalone and consolidated financial results. The company's total income for FY26 stood at ₹3,001.91 lakh, while total expenses were reported at ₹2,608.05 lakh. The basic earnings per share (EPS) for the year increased to ₹3.48 from ₹2.08 in the previous year.

Standalone Financial Performance

The standalone financial results for the year ended March 31, 2026, reflect robust growth across key metrics. The profit before tax for the year was ₹393.86 lakh, compared to ₹205.85 lakh in the previous year. The company's finance costs for FY26 were ₹62.14 lakh, and depreciation and amortisation expenses amounted to ₹81.97 lakh.

Consolidated Results and Subsidiary Acquisition

The consolidated financial results include the performance of Chrome Coaters Private Limited, which became a subsidiary during the year. Faalcon Concepts acquired a 53% equity stake in Chrome Coaters Private Limited on September 17, 2025, through a preferential allotment via a non-cash transaction. Consequently, the company transitioned into a holding company structure from the date of acquisition.

The consolidated net profit for the year was ₹337.44 lakh. Minority interest for the period was reported at ₹21.13 lakh. The consolidated revenue from operations for FY26 was ₹3,387.29 lakh. The financial statements of Chrome Coaters Private Limited were audited by Arun Arora & Associates, Chartered Accountants, and incorporated into the consolidated results.

Balance Sheet and Cash Flow

The company's standalone balance sheet as of March 31, 2026, showed total assets of ₹6,322.74 lakh, compared to ₹3,903.06 lakh in the previous year. Shareholders' funds increased to ₹4,473.13 lakh, driven by a rise in share capital to ₹974.51 lakh and reserves and surplus to ₹3,498.62 lakh. Non-current assets included non-current investments of ₹2,011.35 lakh.

The standalone cash flow statement indicated a net decrease in cash and cash equivalents of ₹22.89 lakh during the year. Cash generated from operations was ₹291.81 lakh, while cash used in investing activities was ₹2.59 lakh and financing activities resulted in a net outflow of ₹205.83 lakh. Cash and cash equivalents at the end of the year stood at ₹54.59 lakh.