EFC (I) Limited Announces Rights Issue Terms and Fixes Record Date

efc Limited's Board of Directors convened on May 1, 2026, to approve the terms of a proposed rights issue, following in-principle approvals received from both BSE Limited and National Stock Exchange of India Limited. The rights issue involves the issuance of fully paid-up equity shares with a face value of Rs 2 each, with the total issue size not exceeding Rs 160 crore as previously approved by the board on April 3, 2026.

The board has approved the issuance of 1,06,62,786 Rights Equity Shares, aggregating to Rs 159,94,17,900. The Rights Issue Price has been fixed at Rs 150 per fully paid-up share, which includes a premium of Rs 148 per share. The Rights Equity Shares are being offered to eligible equity shareholders in the ratio of 8 Rights Equity Shares for every 103 fully paid-up Equity Shares held on the record date.

Key Terms of the Rights Issue

Parameter Details Instrument Fully paid-up Equity Shares of Rs 2 each Total Rights Equity Shares 1,06,62,786 shares Issue Size Rs 159,94,17,900 Rights Issue Price Rs 150 per share (including premium of Rs 148) Rights Entitlement Ratio 8:103 ISIN for Rights Entitlement INE886D20018

The company has fixed Thursday, May 7, 2026, as the record date for determining eligible equity shareholders entitled to apply for the Rights Equity Shares. Prior to the rights issue, the company has 13,72,83,376 outstanding equity shares, which will increase to 14,79,46,162 shares post-issue, assuming full subscription.

Rights Issue Timeline

Event Date Record Date Thursday, May 7, 2026 Last Date for Credit of Rights Entitlements Friday, May 8, 2026 Issue Opening Date Wednesday, May 13, 2026 Last Date for on Market Renunciation Monday, May 18, 2026 Issue Closing Date Friday, May 22, 2026

The Board has adopted and approved the Letter of Offer and other issue-related materials to be filed with the stock exchanges and the Securities and Exchange Board of India. These documents will be dispatched to eligible equity shareholders in due course. The board retains the right to extend the issue period by up to 30 days from the Issue Opening Date, and no withdrawal of applications will be permitted after the Issue Closing Date.

EFC (I) Limited has officially incorporated a wholly-owned subsidiary, EFC Estate Wakadewadi 2 Private Limited, with the Certificate of Incorporation received from the Ministry of Corporate Affairs on April 29, 2026. The company informed BSE Limited and National Stock Exchange of India Limited about this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Details and Structure

The newly incorporated entity operates in the real estate as a service sector and maintains complete ownership under EFC (I) Limited. The subsidiary was established with an initial capital structure designed for targeted real estate operations.

Particulars: Details Company Name: EFC Estate Wakadewadi 2 Private Limited Date of Incorporation: April 29, 2026 Country of Incorporation: India Industry Sector: Real estate as a service Shareholding by Listed Entity: 100%

Financial Structure and Investment

The subsidiary's financial framework reflects a focused approach to real estate operations with clear capital allocation and ownership structure.

Financial Parameters: Details Cost of Subscription: Rs. 1,000.00 (Rupees One Thousand) Share Structure: 100 equity shares of Rs. 10.00 each Nature of Consideration: Cash Shareholding Control: 100% by EFC (I) Limited Governmental Approvals: Not Applicable

Business Operations and Property Portfolio

EFC Estate Wakadewadi 2 Private Limited will hold and acquire property situated on the 2nd floor, B Wing/building, in the commercial complex known as Godrej Eternia. The property is strategically located on sub-divided Final Plot bearing No. 64/A1, 64/B1 and 64/B2 at village Bhamburda, Shivaji Nagar, Taluka Pune City, District Pune, within the limits of Pune Municipal Corporation. The property acquisition will be executed through demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited.

Regulatory Compliance and Documentation

The incorporation process was completed without requiring governmental or regulatory approvals. EFC (I) Limited's Company Secretary, Aman Gupta, digitally signed the regulatory filing on April 29, 2026, ensuring compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transaction involves cash consideration and establishes EFC (I) Limited's complete operational control over the new real estate entity through 100% shareholding.

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