The track, featuring Shah Rukh and Pakistani actress Mahira Khan, is a romantic number set to garba beats .
Falguni, best known for Gujarati folk music, shared an old picture of herself along with the actor on Twitter.
"Sharing an old memory 1996 RangeeleDilwale world tour with SRK @iamsrk all the best for #Raees," she captioned the photo.
To which Khan replied, "Wanted so much for u to sing Udi Udi. Thanks for ur wishes."
Famous for her garba feet-tapping numbers, Falguni has sung many Gujarati folk songs, including "Kesariyo Rang", "Indhana Winva", "Pankhida Tu" and "Kukda Tari".
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