Faalcon Concepts Limited (FCL), a company specializing in glass, glazing, and window solutions, has announced a significant new contract win, bolstering its project portfolio in the real estate sector.

Contract Details

FCL has secured a work order valued at Rs 2.25 crore from Signatureglobal (India) Limited, a prominent real estate developer. The contract entails the provision of glass, glazing, and window work for the Club House-SG City project located in Sector 93, Gurgaon.

Project Execution and Terms

The domestic contract comes with a stipulated timeline of 9 months for completion. Notably, the billing for this project is tied to performance, indicating a results-oriented approach to project execution and payment.

Corporate Governance Aspects

In line with transparency requirements, FCL has clarified key points regarding the contract:

1. The contract does not fall under the category of related party transactions.
2. The promoter group of FCL has no interest in Signatureglobal (India) Limited, the entity awarding the contract.

This disclosure aligns with the company's commitment to maintaining clear and ethical business practices.

Market Implications

This new work order represents a positive development for Faalcon Concepts Limited, potentially contributing to its revenue stream and project portfolio. The contract with Signatureglobal, a recognized name in real estate development, could enhance FCL's standing in the construction and real estate services sector.

For investors and market watchers, this development signals FCL's continued ability to secure significant projects in the competitive real estate market of the National Capital Region (NCR).

As the project unfolds over the next nine months, stakeholders will likely keep a close eye on FCL's execution capabilities and the potential impact on its financial performance in the coming quarters.

Faalcon Concepts Limited has announced a significant new contract, strengthening its position in the construction and infrastructure sector. The company has secured a work order from Signatureglobal (India) Limited for glass, glazing, and windows work at a project site in Gurgaon.

Contract Details

The contract, valued at Rs 1.19 crore, involves glass, glazing, and window work for Building 37D at SG City-II, Sector-37D, Gurgaon. Faalcon Concepts is expected to complete the project within a timeline of 6 months.

Key Points of the Agreement

• Scope of Work: The contract encompasses glass, glazing, and window installation for the specified building.
• Client: Signatureglobal (India) Limited, a prominent real estate developer.
• Location: Building 37D, SG City-II, Sector-37D, Gurgaon - 122505, India.
• Contract Value: Rs 1.19 crore
• Project Duration: 6 months
• Billing Terms: The contract includes performance-related billing provisions.

Company Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Faalcon Concepts Limited has officially informed the stock exchange about this new work order. The company has confirmed that this is a domestic contract with no promoter group interest or related party transaction implications.

Management Statement

Ekta Seth, Managing Director of Faalcon Concepts Limited, signed the official disclosure, emphasizing the company's commitment to transparency and adherence to regulatory requirements.

This new contract underscores Faalcon Concepts' growing presence in the construction and infrastructure sector, particularly in the National Capital Region (NCR). The project aligns with the company's core competencies in providing specialized glass and glazing solutions for modern building projects.

Investors and stakeholders will likely view this development as a positive indicator of Faalcon Concepts' business growth and its ability to secure contracts with reputable clients in the real estate sector.