EFCIL · price
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Awaiting price reaction for this filing.
EFC (I) Limited has informed BSE that it submitted an application for reclassifying 20 promoter entities — including several individual promoters and trusts (such as Navnit Trust, Suvidha Trust, Saumya Trust, Sadhana Trust, Shivam Trust), certain Jhaveri and Parikh family members, and two holding companies (Ataku Holdings and Akalu Holdings) — from the 'Promoter' category to the 'Public' category. The application was originally filed on August 13, 2022, under SEBI's Regulation 31A(8)(c) of the LODR Regulations, and this letter dated June 16, 2025 is a subsequent intimation continuing prior disclosures from June 2022.
If approved, these 20 entities will no longer be classified as promoters, which could reduce the recognised promoter shareholding and increase the public shareholding of the company. This may improve the stock's free-float perception and liquidity, though there is no immediate change to actual ownership or earnings.