EFC (I) Limited has informed the Exchange regarding Reappointment of Mr. Nikhil Dilipbhai Bhuta as Whole time Director of the company w.e.f. October 01, 2025.
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EFC (I) Limited has reappointed Mr. Nikhil Dilipbhai Bhuta (DIN: 02111646) as Whole-time Director for a period of five years, effective October 1, 2025, to September 30, 2030. The reappointment was approved by shareholders at the 41st Annual General Meeting held on September 30, 2025. His remuneration has been fixed for an initial three-year period. Mr. Bhuta is a Chartered Accountant with over 26 years of experience across real estate, infrastructure, hospitality, agritech, mining, and oil & gas sectors, and previously served as CFO, Country Head, and CEO in various companies. His earlier term as Whole-time Director ended on September 30, 2025, and he is not related to any other director or KMP of the company.
This is a routine board reappointment with no change in leadership direction, so it is unlikely to have any material impact on the stock price. It does, however, provide continuity in the company's top management for the next five years.