Faalcon Concepts Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/01/2026 ,inter alia, to consider and approve As per file attached
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Faalcon Concepts Ltd has informed BSE that its Board of Directors will meet on Friday, 09 January 2026 at Gurgaon to consider and approve key business items. The main agenda is the withdrawal of two previously approved preferential allotments: (1) up to 12,00,000 warrants convertible into equity shares to persons belonging to the promoter category, and (2) up to 20,50,000 equity shares to persons/entities in the non-promoter category. Both of these preferential issues were originally approved by the Board on 01 November 2025. The company has also kept a provision to transact any other business with the Chair's permission. The intimation has been signed by Managing Director Ekta Seth and filed under SEBI Listing Regulations.
For shareholders, this signals that the company is backing away from the capital-raising plans it had approved just two months ago, which could indicate changed funding needs, poor investor response, or shifting strategic priorities. The withdrawal avoids dilution from the proposed 32.50 lakh shares/warrants but may also delay any capital the company was seeking to raise.