EFC (I) Limited has informed the Exchange regarding allotment of 10662786 securities pursuant to Rights Issue at its meeting held on May 25, 2026
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EFC (I) Limited has allotted 1,06,62,786 fully paid-up equity shares of face value ₹2 each at an issue price of ₹150 per share (including a share premium of ₹148) on a rights basis. The total proceeds amount to ₹159.94 crore (approximately ₹160 crore). Post-allotment, the company's paid-up equity share capital has increased from ₹27.46 crore (13,72,83,376 shares) to ₹29.59 crore (14,79,46,162 shares). The Board approved this allotment at its meeting held on May 25, 2026.
Existing shareholders who participated in the rights issue will have their shareholding protected from dilution; those who did not participate will face dilution. The ₹160 crore raised will strengthen the company's capital base.