EFC (I) Limited has informed the Exchange that Board of Directors at its meeting held on April 3, 2026, has considered and approved the issuance of fully paid-up equity shares of the Company of face value of Rs. 2 each for an amount not exceeding Rs. 160 crore by way of a rights issue.
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EFC (I) Limited's Board of Directors has approved a rights issue of fully paid-up equity shares with face value of Rs. 2 each, for an amount not exceeding Rs. 160 crore. The shares will be offered to eligible equity shareholders as on a record date to be determined. The specific terms including issue price, rights entitlement ratio, and timing will be decided by the Board later and disclosed subsequently. The issuance is subject to regulatory and statutory approvals.
Existing shareholders will have the opportunity to maintain their ownership percentage by subscribing to additional shares. The stock may face dilution, though rights issues typically offer shares at a discount to market price to incentivize participation.