EFC (I) Limited rights issue subscribed 227.44%, allotment finalised

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:

Category	No. of valid CAFs received	Shares allotted against Entitlement	Shares allotted against Additional applied	Total Shares allotted
Non Renounees	4369	6156104	4098405	10254509
Renounees	144	408277	0	408277
Total	4513	6564381	4098405	10662786

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.58%	-3.64%	-10.43%	-30.74%	-46.86%	-46.86%

EFC (I) Limited has allotted 1,06,62,786 fully paid-up equity shares on a rights basis to eligible shareholders at an issue price of ₹150 per share. The allotment, approved by the Board of Directors on May 25, 2026, includes a share premium of ₹148 per share over the face value of ₹2. This rights issue has raised a total of ₹159,94,17,900 for the company.

Following the allotment, the paid-up equity share capital of the company has increased. The pre-rights issue capital stood at 13,72,83,376 shares amounting to ₹27,45,66,752, which has now risen to 14,79,46,162 shares totaling ₹29,58,92,324.

The Board approved the issue and the terms of the Letter of Offer in its previous meetings held on April 3, 2026, and May 1, 2026. The basis of allotment was finalized in consultation with BSE Limited.

The details of the issuance were disclosed to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relevant SEBI Master Circular referenced is HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Capital Structure Post-Allotment

Particulars	Number of shares	Face Value	Amount in Rs.
Paid-up share capital (Pre-Rights Issue)	13,72,83,376	2	27,45,66,752
Paid-up share capital (Post-Rights Issue)	14,79,46,162	2	29,58,92,324

Key Details of the Issuance

Sr. No.	Details of event(s)	Information of such event(s)
1.	Type of securities issued	Equity Shares
2.	Type of issuance	Rights issue
3.	Total number of securities issued	Allotment of 1,06,62,786 fully paid-up Equity Shares of Face Value of ₹ 2/- each on Right Basis
4.	Total amount raised	159,94,17,900 (Rupees One Hundred and Fifty Nine Crores Ninety Four Lakhs Seventeen Thousand and Nine Hundred)