Falcon Technoprojects India Limited approves rights issue up to Rs 24 crore

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:

Particulars	Details
Type of securities	Equity
Type of issuance	Rights Issue to existing shareholders
Total amount	Amount not exceeding Rs 24.00 Crores

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.17%	-2.99%	-7.80%	-17.98%	-55.78%	-85.26%

Falcon Technoprojects India Limited reported a net profit of ₹302.65 lakh for the financial year ended March 31, 2026, a significant increase from ₹116.62 lakh in the previous year. Revenue from operations surged to ₹5,733.69 lakh in FY26, compared to ₹2,647.27 lakh in FY25, driven by robust operational performance. The Board of Directors approved the standalone audited financial results for the year and half-year ended March 31, 2026, at a meeting held on May 28, 2026.

The statutory auditors, M/s NGST & Associates, issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates in a single segment and has not adopted Indian Accounting Standards (Ind-AS) as it is listed on the SME Exchange and falls under the exempted category.

Financial Performance

The company's total income for FY26 stood at ₹5,738.41 lakh, up from ₹2,649.50 lakh in the previous year. Total expenses increased to ₹5,324.11 lakh from ₹2,483.55 lakh in FY25. Profit before tax for the year rose to ₹414.30 lakh from ₹165.95 lakh in the corresponding period last year. The basic earnings per share (EPS) for FY26 improved to ₹5.65 from ₹2.18 in FY25.

Metric	FY26 (₹ in lakh)	FY25 (₹ in lakh)
Revenue from Operations	5,733.69	2,647.27
Total Income	5,738.41	2,649.50
Total Expenses	5,324.11	2,483.55
Profit Before Tax	414.30	165.95
Net Profit	302.65	116.62
Basic EPS (₹)	5.65	2.18

Balance Sheet and Cash Flows

The company's total assets grew to ₹7,429.38 lakh as of March 31, 2026, from ₹3,954.73 lakh a year ago. Shareholders' equity increased to ₹2,572.13 lakh from ₹2,269.48 lakh in the previous year. Current liabilities rose significantly to ₹4,842.87 lakh, primarily due to short-term borrowings and provisions. Cash generated from operating activities was negative at ₹(2,967.52) lakh, largely due to increases in trade receivables and inventories, while financing activities provided a net inflow of ₹2,950.33 lakh.