EFC (I) Limited has informed the Exchange that Board of Directors at its meeting held on May 25, 2026, has approved allotment of equity shares on rights basis.
EFCIL · price
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EFC (I) Limited's Board has approved the allotment of 1,06,62,786 fully paid-up equity shares of face value ₹2 each at ₹150 per share on rights basis. The total issue size is approximately ₹159.94 crore (₹159.94 million). The paid-up equity share capital has increased from ₹27.45 crore to ₹29.58 crore post the rights issue. Existing eligible shareholders received the right to subscribe to these new shares in proportion to their holdings. The share premium amounts to ₹148 per share, indicating the shares were issued at a significant premium to face value.
The company has successfully raised about ₹160 crore through this rights issue, which will increase its capital base. Existing shareholders face dilution of approximately 7.8% as the number of shares increased from 13.73 crore to 14.79 crore. The significant premium (₹148 over face value of ₹2) suggests strong investor confidence or reflects the company's valuation.