Allotment of 10662786 Equity Shares on Rights Basis

Rights For Debt RepaymentFund Raising View source PDF

EFCIL · price

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AI summary

EFC (I) Limited has allotted 1,06,62,786 fully paid-up equity shares of face value ₹2 each at ₹150 per share (including ₹148 share premium) on a rights basis. The total issue size is ₹159.94 crore. The paid-up equity share capital has increased from ₹27.46 crore (13.73 crore shares) pre-rights to ₹29.59 crore (14.79 crore shares) post-rights, representing a dilution of approximately 7.2% for existing shareholders who did not participate. The rights issue was approved by the Board on April 3, 2026, with terms finalised on May 1, 2026, and allotment approved on May 25, 2026.

Likely market impact

Existing shareholders who did not participate in the rights issue face a 7.2% equity dilution. The ₹159.94 crore raised is expected to fund the company's growth plans, but the large quantum of new shares could exert near-term pressure on earnings per share (EPS).