Announced Thu, 28 May · 23:52 IST

EFC (I) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

EFCIL · price

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Price reaction · full curve 14 horizons · vs prior close

-6.1%1-day move

₹191.00

prior close

₹190.20

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.9-1.9-3.0-3.4-6.1-6.7-7.3-8.7-1.6-2.6+0.2-3.4——

Up moveDown movePending

AI summary

EFC (I) Limited filed its quarterly compliance report confirming there is no deviation or variation in the utilization of proceeds from its preferential issues. The company raised Rs. 24,244.44 Lakhs through two preferential allotments on January 10 and 11, 2024. Of the Rs. 22,964.16 Lakhs raised in the first tranche, Rs. 18,551.53 Lakhs has been utilized as of March 31, 2026, with zero deviation reported. The second tranche of Rs. 1,280.80 Lakhs shows full allocation with Rs. 0 utilized so far. Funds are being deployed towards business growth (70%), technology and infrastructure (5%), and working capital (25%) as originally stated. The Audit Committee has reviewed and confirmed no deviations.

Likely market impact

This is a routine compliance filing with no negative implications for shareholders. The company appears to be utilizing funds as per its stated objectives, which is a positive indicator of fund deployment discipline.