EFC (I) Limited has informed the Exchange that Board of Directors at its meeting held on May 01, 2026, has decided to issue 1,06,62,786 equity shares on rights basis in the ratio of 8 : 103, i.e 8 Equity Shares for every 103 Equity Shares held. Issue Price is Rs. 150 per share.
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EFC (I) Limited's Board has approved a rights issue of 1,06,62,786 fully paid-up equity shares at Rs. 150 per share (face value Rs. 2 plus Rs. 148 premium). The issue size totals approximately Rs. 159.94 crore. Existing shareholders on the record date of May 7, 2026 will be eligible to apply for 8 new shares for every 103 shares held. The rights issue period runs from May 13 to May 22, 2026. Prior to the issue, the company has 13,72,83,376 equity shares outstanding, which will increase to 14,79,46,162 shares after full subscription.
Existing shareholders will receive additional shares at a fixed price, but the new issuance will dilute their ownership percentage unless they fully participate. The company will receive fresh capital of about Rs. 160 crore, strengthening its balance sheet.