Faalcon Concepts Ltd Board Meeting Addresses Related Party Transactions and Annual Authorizations
Faalcon Concepts Ltd held its Board of Directors meeting on April 10, 2026. The meeting commenced at 04:00 p.m. and concluded at 04:20 p.m. via video conferencing. During the meeting, the Board addressed several key corporate governance and operational matters.The board's discussions and approvals included taking note of disclosures regarding director's interest through Form MBP-1 and acknowledging Form DIR-8 pertaining to disqualifications of directors under section 164 of the Companies Act, 2013.
A significant part of the board's proceedings involved approving related party transactions for the financial year 2026-27. Specifically, the Board approved a transaction with Chrome Coaters Private Limited and another related party transaction with Hatchyard Windows Private Limited, both pertaining to the financial year 2026-27.
Furthermore, the Board took note of providing general authorization for the Financial Year 2026-27, in addition to noting disclosures under Regulation 31(4) of SEBI SAST Regulations, 2011. The proceedings also included noting annual affirmations for compliance with the code of conduct as stipulated under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Stock Price Movement
At the close of trade Thursday, Faalcon Concepts Ltd settled at ₹38.00, shedding 0.55% for the day. Throughout the session, the shares fluctuated across a noticeable intraday range between ₹37.70 and ₹44.00.Source:
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