Falcon Technoprojects Approves Rights Issue, Changes Registered Office and Appoints Secretarial Auditor
The Board of Directors of Falcon Technoprojects India Limited approved several key operational and capital restructuring decisions on June 10, 2026. These outcomes include the approval for a rights issue, a change in the company's registered office, and the appointment of a new Secretarial Auditor.Details of Rights Issue Approval
The Board sanctioned the raising of funds through the issuance of equity shares via a Rights Issue. The proposed securities are equity shares with a face value of Rs. 10/- each. The total amount for this rights issue has been set not to exceed Rs 24.00 Crores (Rupees Twenty Four Crores Only).Registered Office Change and Appointment
In conjunction with the capital structure approval, the Board also authorized a change in the company's registered office location. Effective from June 10, 2026, the new address is located at 'Office No. 205, 2 nd Floor, 93 Palladian, Next to Andheri Rambaug CHS, Near Guru Nanak School, Mahakali Caves Road, Andheri East, Mumbai - 400093'.The previous registered office details were: 805/806, 11th Floor, The Platina, Tanvi Complex, Next to S V Road, Near Petrol Pump, Dahisar, Mumbai, Dahisar East, Maharashtra, India, 400068.
The Board also approved the appointment of Ms. Alpana Sethia as the Secretarial Auditor for Falcon Technoprojects India Limited. The term of the appointment is five consecutive years, spanning from the Financial Year 2026-27 until Financial Year 2030-31.
Auditor Profile and Tenure
Ms. Alpana Sethia was appointed following a recommendation by the Audit Committee. She has been working as a Practicing Company Secretary since 2003. Her profile includes being an associate member of ICSI since 2002, holding a graduate degree in Commerce. Ms. Sethia's experience encompasses corporate compliances for Companies and LLPs, compliance with Reserve Bank of India for NBFCs, and Due Diligence Compliance with Nationalised Banks.Key details regarding the appointment are summarized below:
| Particulars | Details |
|---|---|
| Name of Secretarial Auditor | Ms. Alpana Sethia |
| Date of Appointment | June 10, 2026 |
| Term of Appointment | Five consecutive years (FY 2026-27 to FY 2030-31) |
| Profile Summary | Associate member of ICSI since 2002; practicing Company Secretary since 2003. Experience includes corporate compliances and Due Diligence Compliance with Nationalised Banks. |
FALCONTECH Stock Price Movement
Falcon Technoprojects India Limited today slipped by 2.23% to close at ₹13.15, down ₹0.30 from the previous session's closing price. The stock saw a traded volume of 21,600 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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