Faalcon Concepts Limited (FCL) recently held an Extraordinary General Meeting (EGM) on November 28, 2025, where shareholders approved three significant resolutions. The meeting, conducted through video conferencing and remote e-voting, saw strong support for the company's proposed changes to its capital structure and share issuance plans.

Key Resolutions Approved

1. Increase in Authorized Share Capital

• Approval rate: 99.96%
• Votes in favor: 48,13,120
• Votes against: 2,000

2. Issuance of Warrants to Promoters

• Approval rate: 7.01% (of valid votes)
• Votes in favor: 3,37,220
• Invalid votes: 44,77,900 (Interested promoters' votes not counted)

3. Issuance of Equity Shares to Non-Promoters

• Approval rate: 100%
• Votes in favor: 48,15,120
• Votes against: 0

Voting Process and Results

The voting process was conducted through a combination of remote e-voting and voting at the EGM via video conferencing. The results demonstrate strong shareholder support for the company's initiatives, particularly for increasing the authorized share capital and issuing shares to non-promoters.

*Note: For the issuance of warrants to promoters, 44,77,900 votes were declared invalid as they belonged to interested parties (Mr. Prithvi Seth, Mr. Tribhuvan Seth, and Mrs. Ekta Seth).

Implications for Faalcon Concepts Limited

The approval of these resolutions suggests that Faalcon Concepts Limited may be positioning itself for potential growth and expansion. The increase in authorized share capital could provide the company with greater flexibility in its capital structure, while the issuance of warrants to promoters and equity shares to non-promoters might lead to an influx of capital for future endeavors.

Investors and market watchers should note that these corporate actions may have implications for the company's ownership structure and future financial strategies. Stakeholders are advised to closely monitor the company's subsequent announcements and filings for more details on the implementation of these approved resolutions.

Faalcon Concepts Limited has submitted revised unaudited consolidated financial results for the half year ended September 30, 2025, following regulatory feedback and internal review processes. The company filed the revised results on December 15, 2025, after addressing discrepancies identified in earlier submissions.

Regulatory Compliance and Revisions

The company submitted revised results following BSE email dated December 5, 2025, and internal checks that identified certain discrepancies in the previously filed unaudited consolidated financial results submitted on November 14 and 15, 2025. The revisions were made to ensure compliance with SEBI regulations and applicable accounting standards under Section 133 of the Companies Act, 2013.

Financial Performance Overview

The revised consolidated financial results show the company's performance for the half year ended September 30, 2025. On a consolidated basis, Faalcon Concepts reported revenue from operations of ₹1,436.87 lakh with total income of ₹1,438.33 lakh. The consolidated profit before tax stood at ₹166.53 lakh, while net profit after tax was ₹125.64 lakh.

Subsidiary Integration Impact

The consolidated results reflect the integration of Chrome Coaters Private Limited (CCPL), in which the company holds a 53% equity stake. CCPL is engaged in the manufacture of fabricated metal products, except machinery and equipment. This marks the first period of consolidation for the subsidiary, with comparative figures shown as "N.A." since no subsidiary existed during the corresponding previous period.

Management Statement

Managing Director Ekta Seth emphasized that the revisions do not affect the company's fundamental financial position or future outlook, stating that the underlying business fundamentals remain robust. The company continues to be committed to providing timely and accurate financial information to all stakeholders.

Auditor Review

SharmaSharma & Co., Chartered Accountants, conducted the review of both standalone and consolidated financial results. The auditors confirmed that nothing came to their attention that would suggest the financial results contain material misstatements or fail to comply with SEBI (LODR) Regulations, 2015 requirements.