EFC (I) Limited has informed the Exchange about Intimation of receipt of request for reclassification from 'promoter' category to 'public' category in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended ("SEBI LODR Regulations").
EFCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
EFC (I) Limited has informed the stock exchanges that two individuals — Ms. Shefali Chintan Parikh and Mr. Niren Abhaykumar Jhaveri — have requested to be reclassified from 'Promoter' to 'Public' category under SEBI's Regulation 31A. The request letters were dated November 4, 2025 and received by the company on November 5, 2025. Ms. Parikh holds 8,600 equity shares (0.01% of capital) and Mr. Jhaveri holds 600 shares (0.00% of capital). Both have stated they are not involved in the company's day-to-day operations and do not exercise control. The company must now apply to the stock exchanges for approval of this reclassification.
This is a routine reclassification of two very small shareholders (combined stake of just 0.01%) who are no longer actively involved with the company. There is no change in actual shareholding — only a label change from Promoter to Public. No material impact on stock price or existing shareholders is expected.