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Faalcon Concepts' Board, meeting on September 17, 2025 (4:00 PM to 4:30 PM), approved the allotment of 29,15,000 equity shares of face value Rs. 10 each at an issue price of Rs. 69 per share (including Rs. 59 premium), to 16 shareholders of Chrome Coaters Private Limited (CCPL). The total consideration is Rs. 20.11 crores, settled entirely on a share swap basis with no cash outflow. The issue is structured as a preferential allotment under Chapter V of SEBI (ICDR) Regulations, 2018. Three promoters (Ekta Seth, Prithvi Seth, Tribhuvan Seth) receive 21,45,000 shares while 13 public-category allottees receive 7,70,000 shares. Post-allotment, the combined shareholding of these allottees rises to 75.93% from 65.76%, and Managing Director Ekta Seth's stake increases from 41.99% to 45.79%.
Existing Faalcon shareholders will face dilution as the equity base expands by roughly 43% through this preferential issue. The transaction effectively means Faalcon is acquiring Chrome Coaters via share swap, which could bring in new business operations or assets but will dilute current shareholders. Promoter control remains firmly intact, with the promoter group's collective holding strengthening.