EGM of Faalcon Concepts Limited to be held on 28.11.2025 for business mentioned in the notice attached
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Awaiting price reaction for this filing.
Faalcon Concepts Limited has called an Extra-Ordinary General Meeting on November 28, 2025 at 4:00 PM (held via video conferencing) with a cut-off date of November 21, 2025 for e-voting eligibility. Three special business items are on the agenda: (1) increasing authorised share capital from ₹10.50 crore to ₹14 crore (from 1.05 crore equity shares to 1.40 crore equity shares of ₹10 each); (2) issuing up to 12 lakh convertible warrants to promoter-group allottees at ₹44.50 per warrant (₹34.50 premium), aggregating up to ₹5.34 crore — with 9 lakh warrants going to Managing Director Ekta Seth; and (3) issuing up to 20.5 lakh equity shares to 30 non-promoter allottees at the same ₹44.50 per share, aggregating up to ₹9.12 crore. The largest non-promoter allottee is Ashray Gupta at 4.25 lakh shares (₹1.89 crore), followed by Gaurav Jain HUF and Anil Kumar Agrawal HUF. If both the warrants and equity shares are fully subscribed and warrants converted, the company could raise up to roughly ₹14.46 crore, increasing total share count from 1.05 crore to as much as 1.375 crore — a potential dilution of around 31% for existing shareholders. The Relevant Date for pricing is October 29, 2025.
Existing shareholders should note that this preferential allotment, if approved and fully converted, will dilute their holding by roughly 24–31%, while bringing in fresh capital of up to ~₹14.46 crore. Promoter participation (especially by MD Ekta Seth taking the largest share of warrants) signals promoter confidence, but the price of ₹44.50 is the minimum SEBI floor — actual market reaction will depend on how the market views the dilution versus the intended use of funds.