Vibration Festival was due to take place in Callendar Park on May 23 as a follow-up to last year’s highly successful launch event.
A Basement Jaxx DJ set had been booked as the headline act, while Falkirk outfit Primes were also on the bill.
However, like many other local, national and international events, the plans have now been put on hold by the COVID-19 pandemic.
Co-founders and brothers David and Andy Ure, from Larbert, are keeping a watchful eye on developments as government policies chop and change.
The good news for music fans is the duo have pledged to keep the set-up the same, meaning the only real difference will be when the festival is held.
David said: "We felt at this point in time, we would rather make a clear statement.
"The support the government is giving the emergency services is key for us because we won't be able to put on an event safely if the emergency services are tied up.
"At the moment we are aiming for late summer this year.
"We're working with the community, bands and some of our suppliers to see what dates work.
"After two or three months of restrictions people will be quite happy to get out and celebrate the fact we have beaten the virus, hopefully, and everybody getting back to normal, work and family-wise.
"All tickets are still valid. We're hoping to get all the bands or as many as we can.
"It will have the same number of acts. The make-up isn't going to change.
"I would ask for the patience of everyone who's bought a ticket until we can get in a position to realistically announce a revised date.
"We've just got to keep an eye on what's going on. There's no point in us putting out an announcement and saying it will be this date because we just don't know."
The Vibration team will continue to update fans via its social media channels and email drops.
With 18 suppliers, between 25 and 30 acts and various traders involved, organisers are eager to give those who have bought tickets a day to remember.
An Awakening festival for those with disabilities scheduled to take place on May 24 will also remain part of the weekend, whenever it’s held in the future.
David added: “It has to be a safe and realistic place for an event like this and that's what we're keeping an eye on.
“My brother and I have spent money on a number of items.
“We're keen to get the Awakening festival off the ground.
“It's a shame as we were finalising posters and we had to pull it because of the ongoing situation.
“The key message is don't worry.
“The market place is a bit of a rocky sea.
“We're speaking to a lot of other events across the Central Belt and there's a lot of worry at the moment but we will come back bigger and better from this.”