StockWatch
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Industrial Products
Rights Issue6 Nov 2026, 10:42 am

Faalcon Concepts Appoints Brickwork Ratings for Fund Monitoring

AI Summary

Faalcon Concepts Limited has appointed Brickwork Ratings India Private Limited (BWR) as the Monitoring Agency for fund monitoring related to its proposed rights issue of up to ₹2200 Lacs (₹22 Crore). This appointment is in continuation of a previous letter dated 05.11.2026 and is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement outlines the roles and responsibilities of both parties in monitoring the utilization of the gross proceeds from the rights issue.

Key Highlights

  • Faalcon Concepts appoints Brickwork Ratings as Monitoring Agency.
  • Monitoring agency will oversee fund utilization for rights issue.
  • Rights issue aims to raise up to ₹2200 Lacs (₹22 Crore).
  • Appointment is in compliance with SEBI Regulations.
  • Agreement details monitoring of gross proceeds from the issue.