efc has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to strengthen transparency and prevent selective disclosure of material information. The Board of Directors approved the amended policy at its meeting held on May 28, 2026, pursuant to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The code establishes a framework for the fair dissemination of information that could materially affect the price of securities, ensuring that all stakeholders have equal access to such data.

The policy defines UPSI as any information relating to the company or its securities that is not generally available and is likely to materially affect the price of securities upon becoming public. This includes financial results, dividends, changes in capital structure, mergers, acquisitions, and changes in key managerial personnel. It also covers events such as fraud or defaults by the company, regulatory actions, forensic audits, and material litigation outcomes.

Principles of Fair Disclosure

The amended code outlines several principles to guide the company's disclosure practices. EFC (I) Limited commits to making prompt public disclosures of UPSI to facilitate price discovery as soon as credible information becomes available. The company ensures uniform and universal dissemination of information to avoid selective disclosure. The Compliance Officer, acting as the Chief Investor Relations Officer (CIRO), is responsible for handling the dissemination of information and responding to queries on market rumors.

Sharing and Maintenance of UPSI

UPSI may be shared only for legitimate purposes and on a need-to-know basis with authorized persons such as partners, lenders, legal advisors, and auditors. The sharing must be in furtherance of legitimate business activities or legal obligations and cannot be used to circumvent SEBI regulations. Recipients of UPSI are considered insiders and must be formally notified of their duties, responsibilities, and the confidentiality requirements attached to the information.

The CIRO is mandated to maintain a structured digital database of all recipients of UPSI. This database must include the recipient's name, organization, postal address, email ID, and Permanent Account Number (PAN) or other legal identifier. The system must include adequate internal controls, such as time stamping and audit trails, to prevent tampering. The Board reserves the right to amend the code periodically to comply with evolving regulatory requirements.

EFC (I) Limited has finalised the basis of allotment for its rights issue of 1,06,62,786 fully paid-up equity shares, which was subscribed 227.44% with total valid applications for 2,42,51,154 shares. The issue, priced at ₹150 per share including a premium of ₹148, opened for subscription on May 13, 2026, and closed on May 22, 2026, raising an aggregate amount of ₹15,99,18 lakh.

The Board of Directors approved the allotment of 1,06,62,786 Rights Equity Shares to successful applicants on May 25, 2026. Out of the total 4,684 applications received for 2,44,14,516 Rights Equity Shares, 167 applications for 1,63,362 shares were rejected due to technical reasons. The remaining 4,517 valid applications were considered for allotment.

Basis of Allotment

The allotment was finalised in consultation with the Registrar to the Issue and BSE Limited. The breakdown of allotment across categories is as follows:

Subscription Details

The issue received applications for 24,41,45,16 shares valued at ₹3,66,21,77,400. Non-renouncees accounted for 96.93% of the applications, applying for 22,64,78,86 shares, while renouncees applied for 17,66,630 shares. The total value of shares allotted was ₹1,59,94,17,900.

Timeline and Listing

Instructions for unblocking funds in case of ASBA applications were issued on May 25, 2026. The dispatch of Allotment Advice cum Unblocking Intimation to investors commenced on May 26, 2026. The listing application was filed with BSE and NSE on May 25, 2026, with approvals expected on or about May 26, 2026. The credit of equity shares to demat accounts will be completed on or about May 26, 2026.

Trading in the Rights Equity Shares is expected to commence on BSE and NSE on or about May 27, 2026. The company noted that the rights equity shares can be traded only in dematerialized form.