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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Faalcon Concepts Limited held its 1st EGM on 28th November 2025 via video conferencing, where shareholders approved all three special business resolutions. Resolution 1 to increase authorised share capital and amend the Capital Clause of the Memorandum of Association was passed with 99.96% votes in favour (48,13,120 votes). Resolution 2 to issue warrants on a preferential basis to persons belonging to the promoter category was passed with 7.01% votes in favour (3,37,220 votes), while 44,77,900 votes from promoters were declared invalid due to their interested status. Resolution 3 to issue equity shares on a preferential basis to non-promoter entities was passed unanimously with 100% votes in favour (48,15,120 votes). The remote e-voting was conducted via CDSL between 25th and 27th November 2025.
The approvals signal a potential capital raise through preferential allotments to both promoters and non-promoters, along with an expansion of authorised share capital to accommodate new issuances. This could lead to dilution for existing shareholders and indicates the company is preparing for fundraising activity. Shareholders should watch for further announcements on pricing, allottee details, and the use of proceeds.