Dear Members,
Your directors have the pleasure of presenting the Eleventh Director's Report together
with the Audited Financial Statements of your Company for the financial Year ended March
31, 2025.
1. FINANCIAL PERFORMANCE
The Company's financial performance for the financial year ended March 31, 2025:
(Rs. in Lakhs)
| Particulars |
Financial Year ended 31/03/2025 |
Financial Year ended 31/03/2024 |
| Revenue from Operations |
2,647.27 |
1,144.32 |
| Other Income |
2.23 |
2.81 |
| Total Income |
2,649.50 |
1,147.14 |
| Total Expenses |
2,483.55 |
991.81 |
| Profit Before Tax |
165.95 |
130.20 |
| Provision for Income Tax |
43.05 |
40.37 |
| i. Current Tax |
(0.58) |
(0.26) |
| ii. Deferred Tax |
6.85 |
3.32 |
| iii. Short/Excess Provision for Income Tax Profit for the Year |
116.62 |
86.77 |
2. BUSINESS PERFORMANCE
Your Company has achieved total revenue of ^ 2,649.50 Lakhs during the financial year
ended 31 March 2025 as against a total revenue of ^ 1,147.14 Lakhs in the corresponding
previous financial year ended 31 March 2024. Profit before tax for the year stood at ^
165.95 Lakhs compared to ^ 130.20 Lakhs for the previous corresponding year. The Profit
after tax for the period stood at ^ 116.62 Lakhs as against a profit of ^ 86.77 Lakhs
during the corresponding year.
3. RESERVE & SURPLUS
The Board of Directors have decided to retain the entire amount of profit in the profit
and loss account.
4. DIVIDEND
T o conserve the resources for future growth of the company, your directors do not
propose any dividend for the current year. Your Company's policy on Dividend Distribution
is available at https://www.falcongroupindia.com/wp-
content/uploads/2019/08/Dividend-Distribution-Policy.pdf
5. CHANGE IN THE NATURE OF BUSINESS
The Company did not commence any new business nor discontinue/sell or dispose off any
of its existing businesses and also did not hive off any segment or division during the
financial year. Also, there has been no change in the nature of business carried on by the
Company's subsidiary during the year under review.
6. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY
There have been no material changes and commitments affecting the financial position of
the Company, which have occurred between the end of the financial year and up to the date
of the report.
7. SHARE CAPITAL OF THE COMPANY
> AUTHORIZED SHARE CAPITAL
The authorized share capital of the Company as on 31st March, 2025 was ^ 10,00,00,000
(Rupees Ten Crore Only) divided into 1,00,00,000 (One Crore) Equity Shares of ^ 10/-
(Rupees Ten only) each.
> PAID-UP SHARE CAPITAL
The paid-up Equity share capital of the Company as on 31st March, 2025 was ^
5,35,67,930 (Rupees Five Crore Thirty-Five Lakhs Sixty-Seven Thousand Nine Hundred Thirty
only) divided into 53,56,793 (Fifty-Three Lakhs Fifty- Six Thousand Seven Hundred
Ninety-Three) equity shares of ^ 10/- (Rupees Ten Only).
INITIAL PUBLIC OFFER ("IPO") AND LISTING OF EQUITY SHARES
During the year under review, the Company conducted its Initial Public Offering (IPO)
of 14,88,000 equity shares of ^10/- each, in accordance with the SEBI (Issue of Capital
and Disclosure Requirements) Regulations, 2018. The shares were offered at a fixed price
of ^92/- per share, including a premium of ^82/- per share.
The IPO was open for subscription from June 19, 2024 to June 21, 2024. Allotment of
shares was finalized on June 24, 2024, and the Company's equity shares were listed on the
SME Platform (EMERGE) of the National Stock Exchange of India Limited (NSE) on June 26,
2024.
The Company, vide its Prospectus dated June 12, 2024 ("Prospectus") raised
^1,368.96 lakhs from the Initial Public Offer of its equity shares (the ‘IPO'). As on
the date of this report, the entire amount raised from the IPO has been fully utilized in
accordance with the objects stated in the Prospectus.
8. CHANGE IN NAME OF THE COMPANY
During the year under review, Company has not changed the Name.
9. CHANGE IN REGISTERED OFFICE
During the year under review, the Company has not changed its Registered Office.
10. DIRECTORS AND KEY MANAGERIAL PERSONNEL
The Board of Directors of the Company as on March 31, 2025 comprised of Three (3)
Directors out of which One (1) are Executive Directors and One (1) is Non-Executive
Director and one (1) are Independent Directors.
The Directors and Key Managerial Personnel of the Company during FY 2024-25:
| Sr. No. |
Name |
DIN/PAN |
Effective Date of Change |
Nature of Change |
Designation |
| 1 |
Mr. Bharat Shreekishan Parihar |
06945020 |
09/09/2014 |
Appointment |
Managing Director |
| 2 |
Mrs. Priyanka K Gola |
09384530 |
08/04/2023 |
Appointment |
Independent Director |
| 3 |
Mr. Pradeep Ganapayya Shetti |
07050625 |
03/07/2024 |
Appointment |
Non-Executive Director |
| 4 |
Mrs. Sheetal Bharat Parihar |
07410285 |
25/06/2025 |
Resignation |
Non-Executive Director |
| 5 |
Mr. Sumitkumar Hareshbhai Patel |
10105361 |
04/02/2025 |
Resignation |
Independent Director |
| 6 |
Mr. Swapnil Sandeep Navale |
07152189 |
02/07/2024 |
Resignation |
Non-Executive Director |
| 7 |
Mr. Sandeep Dinkar Navale |
ABVPN9564A |
02/07/2024 |
Resignation |
Chief Financial Officer |
| 8 |
Mrs. Charukeshi Ashwinkumar Sanghvi |
DMVPS1007R |
01/03/2025 |
Resignation |
Chief Financial Officer |
| 9 |
Ms. Dipti Sharma |
LWTPS3886E |
12/07/2024 |
Resignation |
Company Secretary & Compliance Officer |
DIRECTORSHIP POST MARCH 31, 2025 (UP TO THE DATE OF THIS REPORT):
Subsequent to the end of the financial year, the following directors are there in the
composition of the Board and Key Managerial Personnel:
| Sr. No. |
Name |
DIN/PAN |
Appointment Date |
Designation |
| 1 |
Mr. Bharat Shreekishan Parihar |
06945020 |
09/09/2014 |
Managing Director |
| 2 |
Mrs. Priyanka K Gola |
09384530 |
08/04/2023 |
Independent Director |
| 3 |
Mr. Pradeep Ganapayya Shetti |
07050625 |
03/07/2024 |
Non-Executive Director |
| 4 |
Mrs. Twinkle Agrawal |
08641698 |
23/07/2025 |
Additional Director (Non-Executive, Independent) |
| 5 |
Mrs. Swati Jain |
BANPJ3099Q |
25/04/2025 |
Company Secretary & Compliance Officer |
| 6 |
Mushir Athar Sayed |
CJWPS0036B |
22/08/2025 |
Chief Financial Officer |
The Company continues to work towards ensuring compliance with all applicable
regulatory requirements and to maintain a balanced and effective Board composition.
11. KEY MANAGERIAL PERSONNEL (KMP)
In terms of the provisions of Sections 2(51) and 203 of the Companies Act, 2013 ('the
Act'), the following are the KMPs of the Company:
• Mr. Bharat Shreekishan Parihar - Managing Director
• Mrs. Charukeshi Ashwinkumar Sanghvi (Up to March 01, 2025) - Chief Financial
Officer
• Ms. Swati Jain (w.e.f. April 25, 2025) - Company Secretary & Compliance
Officer
• Mr. Mushir Athar Sayed (W.e.f. August 22, 2025) - Chief Financial Officer
12. DECLARATION BY INDEPENDENT DIRECTORS
Directors who are Independent, have submitted a declaration as required under Section
149(7) of the Act that each of them meets the criteria of Independence as provided in Sub
Section (6) of Section 149 of the Act and under Regulation 16 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time
and there has been no change in the circumstances which may affect their status as
independent Director during the year. In the opinion of the Board, the Independent
Directors possess an appropriate balance of skills, experience and knowledge, as required.
Further, in terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the
Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors
of the Company have confirmed that they have registered themselves with the databank
maintained by the Indian Institute of Corporate Affairs (IICA).
13. DETAILS OF MEETINGS OF BOARD OF DIRECTORS
A. BOARD OF DIRECTORS
During the financial year 2024-25, 15 (Fifteen) meetings of the Board of Directors were
held, and the details of meetings attended by the Directors are as follows:
| Sr. No. |
Date of Meeting |
Number of Directors Present |
| 1 |
15-04-2024 |
5 |
| 2 |
17-05-2024 |
5 |
| 3 |
22-05-2024 |
5 |
| 4 |
30-05-2024 |
5 |
| 5 |
12-06-2024 |
5 |
| 6 |
03-07-2024 |
4 |
| 7 |
12-07-2024 |
5 |
| 8 |
17-07-2024 |
5 |
| 9 |
19-07-2024 |
5 |
| 10 |
09-09-2024 |
5 |
| 11 |
24-10-2024 |
5 |
| 12 |
14-11-2024 |
5 |
| 13 |
06-12-2024 |
5 |
| 14 |
22-01-2025 |
5 |
| 15 |
14-02-2025 |
4 |
The details of meetings attended by the Directors are as follows:
| Sr. No. |
Name of Director/KMP |
No. of Meetings entitled to attend |
No. of meetings attended |
| 1 |
Bharat Shreekishan Parihar |
15 |
15 |
| 2 |
Sheetal Bharat Parihar |
15 |
15 |
| 3 |
Priyanka K Gola |
15 |
15 |
| 4 |
Pradeep Ganapayya Shetti |
9 |
9 |
| 5 |
Sumitkumar Hareshbhai Patel |
14 |
14 |
| 6 |
Swapnil Sandeep Navale |
5 |
5 |
| 7 |
Sandeep Dinkar Navale |
5 |
5 |
| 8 |
Charukeshi Ashwinkumar Sanghvi |
4 |
4 |
| 9 |
Dipti Sharma |
6 |
6 |
B. Audit Committee of Board of Directors
As a measure of good Corporate Governance and to provide assistance to the Board of
Directors in overseeing the Board's responsibilities, an Audit Committee was formed as a
sub-committee of the Board. The Committee is in line with the requirements of Section 177
of the Companies Act, 2013 and Regulation 18 of the SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015. The terms of reference of the Audit Committee
covers all matters specified in Part C of Schedule II of Regulation 18 (3) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 and also those
specified in Section 177 of the Companies Act, 2013.
The detailed composition of the members of the Audit Committee as on March 31st, 2025:
| Name |
Nature of Directorship |
Status in Committee |
| Priyanka K Gola |
Independent Director |
Chairman |
| Sumitkumar Hareshbhai Patel |
Independent Director |
Member |
| Bharat Shreekishan Parihar |
Executive Director |
Member |
Changes during the Year:
During the year under review, Mr. Sumitkumar Hareshbhai Patel resigned from the Board
and Audit Committee on February 4, 2025. Subsequently, the Audit Committee was
reconstituted on July 23, 2025. The revised composition is as follows:
| Name |
Nature of Directorship |
Status in Committee |
| Priyanka K Gola |
Independent Director |
Chairman |
| Twinkle Agrwala |
Additional Director (NonExecutive, Independent) |
Member |
| Bharat Shreekishan Parihar |
Executive Director |
Member |
All the members possess sound accounting and financial management knowledge.
During the period under review, a total of 05 (Five) Audit Committee Meetings were held
dated: May 22, 2024, July 17, 2024, October 24, 2024, November 14, 2024 and December 06,
2024.
Attendance for Audit Committee Meeting:
| Sr. No. |
Name of Committee Member |
No. of Meeting |
|
|
Entitled to Attend |
Attended |
| 1. |
Priyanka K Gola |
5 |
5 |
| 2. |
Sumitkumar Hareshbhai Patel |
5 |
5 |
| 3. |
Bharat Shreekishan Parihar |
5 |
5 |
C. NOMINATION & REMUNERATION COMMITTEE
In compliance with Regulation 19 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with Section 178 of the Companies Act, 2013, the
Board has constituted the "Nomination and Remuneration Committee".
The detailed composition of the members of the Nomination and Remuneration Committee as
on the date of the report:
| Name |
Nature of Directorship |
Status in Committee |
| Priyanka K Gola |
Independent Director |
Chairman |
| Twinkle Agrwala |
Additional Director (Non- Executive, Independent) |
Member |
| Pradeep Ganapayya Shetti |
Non-Executive Director |
Member |
During the period under review, total 3 (Three) Nomination and Remuneration Committee
Meetings were held dated: July 03, 2024, October 24, 2024 and February 14, 2025
Attendance of Nomination & Remuneration Committee Meeting:
| Sr. No. |
Name of Committee Member |
No. of Meeting |
|
|
Held |
Attended |
| 1. |
Priyanka K Gola |
3 |
3 |
| 2. |
Sumitkumar Hareshbhai Patel |
3 |
2 |
| 3. |
Pradeep Ganapayya Shetti |
3 |
3 |
D. STAKEHOLDER RELATIONSHIP COMMITTEE:
In compliance with the provisions of Section 178 of the Companies Act, 2013 and
Regulation 20 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations,
2015, the Board has constituted the "Stakeholders' Relationship Committee".
The Stakeholders' Relationship Committee has been formed for the effective redressal of
the investors' complaints and reporting of the same to the Board periodically.
The detailed composition of the members of the Stakeholders Relationship Committee at
present is given below:
| Name |
Nature of Directorship |
Status in Committee |
| Priyanka K Gola |
Independent Director |
Chairman |
| Bharat Shreekishan Parihar |
Managing Director |
Member |
| Pradeep Ganapayya Shetti |
Non-Executive Director |
Member |
During the period under review, total 2 (Two) Stakeholders Relationship Committee
Meetings were held: July 03, 2024 and October 08, 2024
Attendance of Stakeholder Relationship Committee Meeting:
| Sr. No. |
Name of Committee Member |
No. of Meeting |
|
|
Held |
Attended |
| 1. |
Priyanka K Gola |
2 |
2 |
| 2. |
Bharat Shreekishan Parihar |
2 |
2 |
| 3. |
Pradeep Ganapayya Shetti |
2 |
2 |
E. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE
Based on the profitability criteria for the year, Corporate Social responsibility
requirements under section 135 of the Companies Act, 2013 are not applicable to the
Company for the year under review.
The company is seeking and planning to incorporate the CSR initiatives to address the
requirements of Section 135 for financial year 2024-25.
14. EVALUATION OF BOARD
Pursuant to the provisions of the Companies Act, 2013 and Regulation 17 read with Part
D of Schedule II to the Listing Regulations, the Management carried out proper evaluation
of the Independent Directors prior to their appointment, on the basis of contribution
towards development of the Business and various other criteria like experience and
expertise, performance of specific duties and obligations etc.
Pursuant to the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual
evaluation of its own performance and that of its committees as well as performance of
Directors individually through internally developed questionnaire on performance
evaluation.
The Nomination and Remuneration Committee reviewed the performance of the individual
directors on the basis of criteria such as the contribution of the individual director to
the Board and committee meetings.
The performance evaluation of Non-Independent Directors and the Board as a whole was
carried out by the Independent Directors.
VIGIL MECHANISM
Your Company has formulated and published a Whistle Blower Policy to provide a
mechanism ("Vigil Mechanism") for employees including Directors of the Company
to report genuine concerns. The provisions of this policy are in line with the provisions
of Section 177 (9) of the Act.
The Whistle Blower Policy (Vigil Mechanism) is uploaded on the Company web link:
https://www.falcongroupindia.com/wp-content/uploads/2023/06/2.-100423 FTIL
Policy-on-Vigil-Mechanism.pdf
15. COMPANY'S POLICY RELATING TO DIRECTORS' APPOINTMENT, PAYMENT OF REMUNERATION AND
DISCHARGE OF THEIR DUTIES
Your Company has formulated and published The Nomination & Remuneration Policy for
Directors, Key Managerial Personnel and Senior Management. The provisions of this policy
are in line with the provisions of Section 178(1) of the Act. The Policy is uploaded on
the website of the company. The web link is https://www.falcongroupindia.com/wp-
content/uploads/2023/06/3.-060623 FTIL Nomination-Remuneration-Policy.pdf.
16. DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the requirements under Section 134, Sub-section 3(c) and Sub-section 5 of
the Companies Act, 2013, the Board of Directors, to the best of their knowledge and
ability, state and confirm that:
(a) In preparation of the annual accounts, the applicable Accounting Standards have
been followed, along with proper explanation relating to material departures, if any;
(b) Such Accounting Policies have been selected and applied consistently, and
judgements and estimates have been made that are reasonable and prudent to give a true and
fair view of the Company's state of affairs as on 31 March, 2025 and of the Company's
profit or loss for the year ended on that date;
(c) Proper and sufficient care has been taken for the maintenance of adequate
accounting records, in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;
(d) The annual Financial Statements have been prepared on a Going Concern Basis.
(e) Internal financial controls have been laid down to be followed by the Company and
that such internal financial controls were adequate and operating effectively.
(f) Proper systems were devised to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
17. ADEQUACY OF INTERNAL FINANCIAL CONTROLS
The Company has in place adequate internal financial controls with reference to
financial statement across the organization. The same is subject to review periodically by
the internal auditors for its effectiveness. During the financial year, such controls were
tested and no reportable material weaknesses in the design or operations were observed.
The Statutory Auditors of the Company also test the effectiveness of Internal Financial
Controls in accordance with the requisite standards prescribed by ICAI. Their expressed
opinion forms part of the Independent Auditor's report.
Internal Financial Controls are an integrated part of the risk management process,
addressing financial and financial reporting risks. The internal financial controls have
been documented, digitized and embedded in the business processes.
Assurance on the effectiveness of internal financial controls is obtained through
management reviews, control selfassessment, continuous monitoring by functional experts.
We believe that these systems provide reasonable assurance that our internal financial
controls are designed effectively and operate as intended. During the year, no reportable
material weakness was observed.
18. SUBSIDIARY, JOINT VENTURE AND ASSOCIATE COMPANY
The Company does not have any Holding, Subsidiary, Joint Venture or Associate Company
at the beginning of the year, during the year or at the end of the year.
19. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS
During the year, no significant and material orders were passed by the regulators or
courts or tribunals impacting the going concern status and company's operations in the
future.
20. EXTRACT OF ANNUAL RETURN
The Annual return referred to in Sub Section (3) of Section 92 of the Companies Act,
2013, for the financial year ended March 31, 2024 will be placed on the website of the
company at https://www.falcongroupindia.com/wp-
content/uploads/2019/08/Form-MGT-7-25022025 signed-02-2025-1.pdf
21. AUDITORS AND AUDITOR'S REPORT
A. STATUTORY AUDITOR
M/s NGST & Associates, Chartered Accountants, having (FRN: 135159W) were appointed
as Statutory Auditors of the Company in the Annual General Meeting held on December 30,
2024, for F.Y. 2024-25 to FY 2028-29 to hold the office till the conclusion of 15th Annual
General Meeting.
B. SECRETARIAL AUDITOR
Pursuant to Section 204(1) of the Companies Act, 2013, the Company is required to
obtain a Secretarial Audit Report from a Practicing Company Secretary and annex the same
to the Board's Report. In compliance with this requirement, the Board of Directors, at its
meeting held on December 30, 2024, appointed M/s. V K Suthar & Associates, Company
Secretaries, to conduct the Secretarial Audit of the Company for the financial year
2024-25.
Subsequently, M/s. V K Suthar & Associates tendered their resignation on August 20,
2025. The Board, at its meeting held on August 22, 2025, approved the appointment of M/s.
Deepti & Associates, Practicing Company Secretaries, to carry out the Secretarial
Audit for the financial year 2024-25.
C. INTERNAL AUDITOR
M/s. Raj Atul Khatri & Associates, Chartered Accountant, is appointed as Internal
Auditor of the Company for F.Y. 202425. They take care of the internal audit and controls,
systems and processes in the Company.
AUDITOR'S REPORT AND SECRETERIAL AUDITOR'S REPORT
Auditor's Report
The Auditors' Report for the Financial Year ended 31 March, 2025 does not contain any
qualification, reservation, adverse remark, or disclaimer. The Notes on financial
statements referred to in the Auditor's Report are self-explanatory and do
not call for any further comments. No fraud has been reported by the Auditor under
Section 143(12) of the Companies Act, 2013 requiring disclosure in the Board's Report.
Secretarial Auditor's Report
The Secretarial Audit Report is annexed as 'Annexure A' and forms an integral part of
this Report. The Secretarial Auditors have not expressed any qualifications in their
Secretarial Audit Report for the year under review. Being a SME Listed Company, Pursuant
to Regulation 24A of the Listing Regulations read with SEBI Circular No.
CIR/CFD/CMD1/27/2019 dated 08 February 2019, the Annual Secretarial Compliance Report is
not applicable to our Company.
22. CORPORATE SOCIAL RESPONSIBILITY
The Company is not covered under purview of the provisions of Section 135 read with the
Companies (Corporate Social Responsibility Policy) Rules, 2014 and hence the details in
respect of development and implementation of CSR by the Company are not included in this
report.
23. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:
Particulars of loans and investments made by the Company pursuant to Section 186 of the
Companies Act, 2013 are given in the notes to Financial Accounts, which forms part of the
Annual Report. The Company has not extended the corporate guarantee on behalf of any other
Company during the year under review.
24. PUBLIC DEPOSIT
The Company has neither accepted nor renewed any deposits during the year.
25. RISK MANAGEMENT POLICY
The Board of Directors of the Company have framed a Risk Assessment and Management
Policy and are responsible for reviewing the risk management plan and ensuring its
effectiveness. The Audit Committee exercises additional oversight in the area of financial
risks and controls. Major risks identified by the businesses and functions are
systematically addressed through mitigating actions on a continuing basis.
26. RELATED PARTIES TRANSACTIONS
All Related Party Transactions (RPT) that were entered into during the financial year
were on an arm's length basis and in the ordinary course of business. The disclosure of
material RPT is required to be made under Section 134(3)(h) read with Section 188(2) of
the Companies Act, 2013 in Form AOC 2 is attached as Annexure B forming part of this
Report. The details of the material RPT, entered into during the year by the Company as
approved by the Board, is given as Annexure to this Report. Your Directors draw your
attention to Notes to the financial statements, which set out related party disclosures.
Loans and advances in the nature of loans to subsidiaries and Associates, transactions of
the listed entity with any person or entity belonging to the promoter/ promoter group
which hold(s) 10% or more shareholding in the listed entity is also disclosed on Notes to
the financial statements.
27. INSIDER TRADING REGULATIONS AND CODE OF DISCLOSURE
The Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive
Information and Code of Internal Procedures and Conduct for Regulating, Monitoring and
Reporting of Trading by Insiders in accordance with the requirements of the SEBI
(Prohibition of Insider Trading) Regulation, 2015 and in view of recent amendments to the
SEBI (Prohibition of Insider Trading) 2015 by SEBI (Prohibition of Insider Trading)
(Amendment) Regulations, 2018, the Policy on Determination of Legitimate purpose and the
Policy on inquiry in case of leak or suspected leak of UPSI are adopted by the Company and
are made available on the Website of the Company. Weblink:
https://www.falcongroupindia.com/code-policies/#
28. MANAGEMENT'S DISCUSSION AND ANALYSIS
The Management Discussion and Analysis Report for the year under review, as stipulated
under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 forms part of this Report.
29. CORPORATE GOVERNANCE REPORT
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, Corporate Governance provisions are not mandatory for the Company, as it is listed
as a Small and Medium-sized Enterprise (SME).
30. GENERAL SHAREHOLDER INFORMATION
| A |
AGM: Day, Date, Time and Venue |
Thursday, September 25, 2025, at 12:30 P.M through V.C |
| B |
Financial Year |
2024-25 |
| C |
Cut-off date for the purpose of determining shareholders for voting |
September 19, 2025 |
| D |
Listing on Stock Exchanges |
NSE-Emerge |
| E |
Scrip Code/Symbol |
FALCONTECH |
| F |
ISIN |
INE0PQK01013 |
| G |
Payment of Listing Fees |
The Company confirms that it has paid Annual Listing fees due to the stock exchange
for the financial year 2024-2025 |
| H |
Market Price Data (High, Low during each month in last financial year 2024-25) |
*Refer Table below |
| I |
Registrar and Share Transfer Agents |
KFin Technologies Limited |
*MARKET PRICE DATA
| Month |
High |
Low |
| June 2024 |
91.85 |
82.00 |
| July 2024 |
88.75 |
65.25 |
| August 2024 |
67.00 |
54.05 |
| September 2024 |
57.35 |
45.50 |
| October 2024 |
53.25 |
40.85 |
| November 2024 |
44.90 |
40.00 |
| December 2024 |
63.95 |
40.80 |
| January 2025 |
52.00 |
41.65 |
| February 2025 |
43.95 |
29.40 |
| March 2025 |
32.40 |
28.50 |
SHAREHOLDING PATTERN AS ON MARCH 31, 2025
| Sr. No. |
Category |
Shareholders |
No of shares held |
Percentage of holding |
| 1. |
Promoter and Promoter Group |
3 |
32,57,597 |
60.81 |
| 2. |
Institutions Domestic |
0 |
- |
- |
| 3. |
Institutions Foreign |
0 |
- |
- |
| 4. |
Directors and their relatives |
- |
- |
- |
| 5. |
KMP |
- |
- |
- |
| 6. |
Individual shareholders holding nominal shares Capital up to 2 lakhs |
799 |
13,23,600 |
24.71 |
| 7. |
Individual Shareholders holding nominal Shares Capital in excess of 2 Lakhs |
4 |
4,48,750 |
8.38 |
| 8. |
NRI |
6 |
9600 |
0.18 |
| 9. |
Bodies corporate |
9 |
1,68,696 |
3.15 |
| 10. |
Any other |
47 |
1,48,550 |
2.77 |
|
100.00 |
868 |
53,56,793 |
100.00 |
31. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013
The company has in place a policy for prevention of sexual harassment in accordance
with the requirements of the Sexual Harassment of women at workplace (Prevention,
Prohibition & Redressal) Act, 2013. All employees (permanent, contractual, temporary,
trainees) are covered under this policy.
| Sr. No. |
Particulars |
No. of Complaints |
| 1 |
Number of Complaints of Sexual Harassment received during the FY |
0 |
| 2 |
Number of Complaints disposed-off during the FY |
0 |
| 3 |
Number of Cases pending at the end of FY for more than Ninety days |
0 |
32. COMPLIANCE OF THE PROVISIONS RELATING TO THE MATERIALITY BENEFIT ACT, 1961:
Company is in Compliance with provisions relating to the Materiality Benefit Act, 1961
during the Year under review i.e. FY 2024-25.
33. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREGIN EXCHANGE EARNING AND
OUTGO
a. Conversation of Energy
i. Steps taken or impact on conservation of energy: Nil
ii. Steps taken for utilising alternate sources of energy: Nil
iii. Capital Investment on Energy Conservation Equipment: Nil
b. Technology Absorption
a) Efforts made towards technology absorption: Nil
b) Benefits derived like product improvement, cost reduction, product development or
import substitution: Nil
c) Information regarding technology imported, during the last 3 years: Nil
d) Expenditure incurred on Research and Development: Nil
c. Foreign Exchange Earnings and Outgo
a) The Foreign Exchange earned in terms of actual inflows during the year and the
Foreign Exchange outgo during the year in terms of actual outflows
| Particulars |
2024-25 |
2023-24 |
| Total Foreign Exchange earned |
NIL |
NIL |
| Total Foreign Exchange Outgo |
NIL |
NIL |
34. PARTICULARS OF EMPLOYEES
Pursuant to Section 197 of the Act read with Rule 5(1) of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 the particulars of employees are
attached as 'Annexure C' forming part of this Report.
The information required under Rule 5(2) and (3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, is provided in the Annexure forming
part of this Report. In terms of the proviso to Section 136 of the Act, the Report and
Accounts are being sent to the Members excluding the aforesaid.
35. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND
The Company did not have any funds lying unpaid or unclaimed for a period of seven
year. Therefore, there were no funds which were required to be transferred to Investor
Education and Protection Fund (IEPF).
36. COMPLIANCE WITH SECRETARIAL STANDARDS
The Company has complied with the applicable Secretarial Standards issued by the
Institute of Company Secretaries of India on the Board Meetings and General Meeting.
37. DISCLOSERS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
There are no applications made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end
of the financial year.
38. DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME
SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL
INSTITUTIONS ALONG WITH THE REASONS THERE OF
As Company has not done any one-time settlement during the year under review hence no
disclosure is required.
39. ACKNOWLEDGEMENTS
The Directors wish to place on record their sincere appreciation for excellent support
received from the Banks and financial institutions during the financial year under review.
Your directors also express their warm appreciation to all employees for their
contribution to your Company's performance and for their superior levels of competence,
dedication and commitment to the growth of the Company. The Directors are also grateful to
you, the Shareholders, for the confidence you continue to repose in the Company.
| Registered Office: |
By Order of the Board of Directors of |
| Unit No. 116/117/118, 1st Floor, Keshav, Vasudev Sky High, Kanakiya Road, Beverly
Park, |
Falcon Technoprojects India Limited |
| Mira Road (East), Thane - 401107. |
Sd/- Sd/- |
| Date: August 30, 2025 |
Bharat Shreekishan Parihar Pradeep Ganapayya Shetti |
| Place: Thane |
Managing Director Director DIN:06945020 DIN:07050625 |
|