Falcon Technoprojects Approves Rights Issue Extension and Appoints New Secretarial Auditor
Falcon Technoprojects India Limited announced key outcomes from its Board Meeting held on April 15, 2026. The Board considered and approved a revision to the Rights Issue closing date, providing additional time for eligible shareholders to participate. Additionally, the company appointed Ms. Alpana Sethia as its Secretarial Auditor for the financial year 2025-26.The revised Rights Issue parameters are designed to ensure broader participation from shareholders. The offering involves the issuance of fully paid-up Equity Shares of face value ₹ 10 each.
The details regarding the proposed Rights Issue are as follows:
| SN | Particulars | Details |
|---|---|---|
| 1 | Type of securities proposed to be issued | Fully paid-up Equity Shares of face value ₹ 10 each. |
| 2 | Type of issuance | Rights Issue of fully paid-up Equity Shares. |
| 3 | Total number of securities proposed to be issued | Up to 21,427,172 Equity Shares. |
| 4 | Issue Price | ₹ 10 per Equity Share |
| 5 | Issue Size | Up to ₹ 21.43 Crores |
| 6 | Terms of Payment | Full amount payable on application |
| 7 | Record Date | 18.03.2026 |
| 8 | Rights Issue Period | Opening Date: 07.04.2026 Closing Date(old): 16.04.2026 Closing Date (New): 30.04.2026 Last Date for Renunciation: 10.04.2026. |
| 9 | Rights Entitlement Ratio | 4:1 (i.e., 4 Rights Equity Shares for every 1 Equity Shares held on Record Date) |
| 10 | Outstanding Equity Shares prior to the Rights Issue | 53,56,793 Equity Shares |
| 11 | Outstanding Equity Shares Post Rights Issue (assuming full subscription) | 2,67,83,965 Equity Shares |
The Board confirmed that all other terms and conditions, including the issue size, issue price, rights entitlement ratio, record date, and other related matters, remain unchanged from earlier intimations.
Appointment of Secretarial Auditor
Based on the recommendation of the Audit Committee, the Board appointed Ms. Alpana Sethia, a Peer Reviewed Practicing Company Secretary (CP No. 5098 & Peer Review Certificate No. 2650/2022), as the Secretarial Auditor of Falcon Technoprojects India Limited for the financial year 2025-26.
The professional details of the newly appointed Secretarial Auditor are provided below:
| Sr. No. | Particulars of Material Event | Details |
|---|---|---|
| 1 | Name of the Secretarial Auditor | Ms. Alpana Sethia |
| 2 | Reason for change viz. appointment, resignation, removal, death or otherwise | Appointment as Secretarial Auditor for FY2025-26 |
| 3 | Date of appointment and Term of appointment | w.e.f. April 15, 2026 for the FY2025-26 |
| 4 | Brief Profile | Ms. Alpana Sethia is an associate member of ICSI since 2002. She is a graduate in Commerce and has been working as a Practicing Company Secretary since 2003. She deals with various corporate compliances of Companies including LLPs and NBFC compliance with Reserve Bank of India and Due Diligence Compliance with Nationalised Banks. |
FALCONTECH Stock Price Movement
Shares of Falcon Technoprojects India Limited are edging higher to ₹12 as of 1:57 PM today, rallying 2.56% in live trading. The stock's upward momentum is supported by a substantial total traded volume of 25,200 shares, indicating strong intraday buying interest.Source:
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