Falcon Technoprojects India Limited's board has approved a proposal to raise up to Rs 23.14 crore through a rights issue of equity shares. The decision was taken during a meeting held on June 29, 2026, to fund the company's growth initiatives. The move allows existing shareholders to purchase additional shares, maintaining their proportional ownership in the company.

The board approved the Draft Letter of Offer (DLOF) for the issuance of equity shares with a face value of ₹10 each. The total amount to be raised will not exceed Rs 23.14 Crores. The issue will be open to eligible equity shareholders of the company as on the record date, which is yet to be determined and notified.

Key Details of the Rights Issue

The implementation of the rights issue is subject to the receipt of all requisite statutory and regulatory approvals, including those under applicable SEBI regulations. The company confirmed that it has complied with all necessary procedural requirements for the filing of the DLOF.

Bharat Shreekishan Parihar, Managing Director, signed the regulatory filing submitted to the National Stock Exchange of India Limited. The company will notify the record date and other specific timelines in due course.

Falcon Technoprojects India Limited has approved a proposal to raise funds up to Rs 24 crore through a rights issue of equity shares to eligible shareholders. The decision, aimed at bolstering the company's capital base, was taken during a Board meeting held on June 10, 2026. The issuance is subject to statutory and regulatory approvals, including those from the Securities and Exchange Board of India (SEBI).

The rights issue involves equity shares with a face value of Rs.10 each. The record date to determine shareholder eligibility will be announced later. The Board's approval follows the disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rights Issue Details

The Board outlined the structure of the proposed issuance in a filing to the National Stock Exchange of India Limited. The key parameters of the issue are detailed in the table below:

Corporate Governance Updates

In addition to the fund-raising approval, the Board appointed Ms. Alpana Sethia as the Secretarial Auditor for a term of five consecutive years. Her tenure runs from the Financial Year 2026-27 to the Financial Year 2030-31. Ms. Sethia is a Peer Reviewed Practicing Company Secretary and an associate member of the Institute of Company Secretaries of India (ICSI) since 2002.

The Board also sanctioned a change in the registered office address within Mumbai. The new location is Office No. 205, 2nd Floor, 93 Palladian, Next to Andheri Rambaug CHS, Near Guru Nanak School, Mahakali Caves Road, Andheri East, Mumbai – 400093, effective June 10, 2026.