Statement of Deviation and Variation is attached

EFC (I) Limited has filed a compliance statement confirming no deviation or variation in the utilization of proceeds from two preferential issues completed on January 10 and 11, 2024. The total capital raised was Rs. 24,244.44 Lakhs (Rs. 22,964.16 Lakhs + Rs. 1,280.80 Lakhs). The funds are allocated across three objectives: 70% for business growth through organic or inorganic integration, 5% for technology and human resources, and 25% for working capital. From the first tranche, Rs. 18,551.53 Lakhs has been utilized with zero deviation reported. The monitoring agency is CARE Ratings Limited. The Audit Committee has reviewed and confirmed no deviations. Both allotments are treated as part of a single preferential round.