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Awaiting price reaction for this filing.
Faalcon Concepts Limited, listed on BSE's SME platform (scrip code 544164), has submitted a declaration stating that the requirement to disclose related party transactions under Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company. Under Regulation 15(2) of the SEBI LODR rules, companies listed on the SME exchange are exempted from complying with several provisions including Regulation 23. The letter, signed by Managing Director Ekta Seth (DIN: 08141902) on April 14, 2025, is essentially a routine filing to formally communicate this exemption to the Bombay Stock Exchange.
This is a routine compliance filing and not a material corporate event. Shareholders should note that the company will not be submitting six-monthly related party transaction disclosures, as it is legally exempt due to its SME exchange listing.