EFC (I) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/05/2026 ,inter alia, to consider and approve various matters in connection with ....
EFCIL · price
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EFC (I) Limited has informed exchanges that a Board meeting will be held on May 1, 2026 to finalize terms of a Rights Issue of fully paid-up equity shares with face value of ₹2 each, for an amount not exceeding ₹160 crore. The Board had previously approved this rights issue on April 3, 2026. Both BSE and NSE have already granted in-principle approvals for the issue. The upcoming meeting will determine key parameters including the rights issue price, exact issue size, rights entitlement ratio, record date, and timing. The company is raising capital through this rights issue mechanism.
The rights issue will be dilutive to existing shareholders' stakes, but successful execution can strengthen the company's balance sheet and fund growth plans. The specific pricing and ratio will determine the actual impact on shareholder value. Market will react to the finalized terms once announced.