Faalcon Concepts Limited has appointed Brickwork Ratings India Private Limited (BWR) as the monitoring agency for its proposed right issue. The issue aims to raise up to ₹2200 lacs. This appointment is a regulatory requirement and a step towards the execution of the right issue, ensuring oversight on the utilization of the funds raised.
Faalcon Concepts Appoints Monitoring Agency
Faalcon Concepts Limited has officially appointed Brickwork Ratings India Private Limited (BWR) as the monitoring agency for its upcoming right issue. This decision was formally communicated in a letter dated November 6, 2026, and is in line with the Securities and Exchange Board of India (SEBI) regulations.
Right Issue Details and Purpose
The proposed right issue is set to raise funds amounting to up to ₹2200 lacs. As per the agreement, Brickwork Ratings will function as the monitoring agency to oversee the fund management and ensure that the proceeds from the right issue are utilized for the specified purposes, as detailed in the offer document and the utilization schedule. The appointment ensures compliance with regulatory requirements for such fundraising activities.
Agreement Framework
The appointment is formalized through a Monitoring Agency Agreement, outlining the scope of duties and obligations for both Faalcon Concepts Limited and Brickwork Ratings. The agreement details the process for documentation, reporting, and the responsibilities of the monitoring agency in ensuring transparent fund utilization. This structured approach is critical for maintaining investor confidence and adhering to regulatory standards during the right issue process.
Source: BSE
