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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The Board of Directors of EFC (I) Limited 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 existing eligible equity shareholders as on the record date, which is yet to be determined. The specific terms including issue price, rights entitlement ratio, record date, 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 the rights issue. However, if they do not participate, their ownership stake will be diluted. The Rs. 160 crore fundraise will strengthen the company's balance sheet and support its growth plans.