Falcon Technoprojects India Ltd Directors Report

Dear Members,

Your directors have the pleasure of presenting the Eleventh Directors Report together with the Audited Financial Statements of your Company for the financial Year ended March 31, 2025.

1. FINANCIAL PERFORMANCE

The Companys 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 Companys 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 Companys 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 Companys 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 Boards 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. COMPANYS 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 Companys state of affairs as on 31 March, 2025 and of the Companys 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 Auditors 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 companys 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 AUDITORS 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 Boards 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.

AUDITORS REPORT AND SECRETERIAL AUDITORS REPORT

Auditors 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 Auditors 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 Boards Report.

Secretarial Auditors 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 arms 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. MANAGEMENTS 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 Companys 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