Newspaper Publication in respect of certain matters relating to rights issue of fully paid up equity shares of the Company.
EFCIL · price
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EFC (I) Limited, a Real Estate as a Service Company, has published newspaper advertisements (Financial Express, Jansatta, Pratahkal) on May 10, 2026, disclosing the completion of dispatch of the Letter of Offer dated May 1, 2026, and Application Forms for its rights issue. The company is issuing up to 1,06,62,786 fully paid-up equity shares at ₹150 each (including ₹148 share premium) aggregating up to ₹15,994.18 lakhs. The issue ratio is 8 rights shares for every 103 shares held as on record date May 7, 2026. The issue opens on May 13, 2026, with last date for on-market renunciation on May 18, 2026, and closes on May 22, 2026. ASBA process is mandatory for all applications. Rights entitlements have been credited to demat accounts and admitted for trading.
Existing shareholders will receive 8 rights shares for every 103 shares held, and can subscribe, renounce on-market/off-market, or let entitlements lapse. The ₹159.94 crore raise may dilute existing holdings but provides capital for the company's real estate operations. Physical shareholders must provide demat details by May 20, 2026, or lose eligibility to participate.