EFC (I) Limited has informed the Exchange regarding 'Letter of Offer for the Rights Issue'.

Fund Raising View source PDF Explain this filing

EFCIL · price

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹187.10

prior close

₹191.22

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+1.0% vs market

Diversified Commercial Services peers, median of 76sector+0.8%+1.8% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.8 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.1

15m

+0.2

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+1.6+1.0+0.8+1.8

Next day

+3.6+3.2+0.4+1.6+2.0

+0.6+3.1-2.5+0.8-0.2

-0.3+1.6-1.9+0.2-0.5

-3.9-1.5-2.4-1.4-2.5

-7.0-0.8-6.2-0.4-6.6

-3.8-0.9-2.9-3.0-0.8

15d

+2.1+2.2-0.1-1.1+3.2

+1.0+0.6+0.4-2.3+3.3

+4.3+9.0-4.6-2.5+6.8

+1.6+11.9-10.3-2.8+4.4

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 76Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

EFC (I) Limited is undertaking a rights issue of 1,06,62,786 fully paid-up equity shares with face value of ₹2 each at an issue price of ₹150 per share (including ₹148 premium). The issue aggregates to ₹159.94 crores and offers 8 rights shares for every 103 shares held. The record date is May 7, 2026, with the issue opening on May 13, 2026 and closing on May 22, 2026. The shares will be listed on BSE and NSE. CARE Ratings Limited has been appointed as the monitoring agency for the proceeds. Existing shareholders can participate by exercising their rights entitlements or renounce them to other investors.

Likely market impact

Existing shareholders will receive rights entitlements proportionate to their holdings. The significant premium to face value (₹148) indicates the company is raising capital at a price that may be below current market levels. Shareholders face dilution but also an opportunity to maintain their ownership percentage by participating in the issue.