EFC (I) Limited Completes Dispatch of Letter of Offer for Rights Issue Aggregating Up to ₹15,994.18 Lakhs

EFC (I) Limited , a Pune-based Real Estate as a Service Company, has published newspaper advertisements on May 10, 2026, in compliance with Regulation 84 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, confirming the completion of dispatch of its Letter of Offer dated May 1, 2026. The advertisements were published in Financial Express (English, all editions), Jansatta (Hindi, all editions), and Pratakh (Marathi, Pune edition), signalling a key procedural milestone in the company's ongoing rights issue process.

Rights Issue at a Glance

The rights issue involves the offer of up to 1,06,62,786 fully paid-up equity shares of face value ₹2 each, at an issue price of ₹150 per share, which includes a share premium of ₹148 per rights equity share. The total issue size aggregates up to ₹15,994.18 lakhs, assuming full subscription. The shares are being offered on a rights basis in the ratio of 8 (eight) rights equity shares for every 103 (one hundred three) fully paid-up equity shares held by eligible equity shareholders as on the record date of Thursday, May 7, 2026.

The following table summarises the key issue parameters:

Parameter: Details Issue Size (up to): ₹15,994.18 lakhs Number of Shares (up to): 1,06,62,786 fully paid-up equity shares Face Value: ₹2 per share Issue Price: ₹150 per share Share Premium: ₹148 per share Rights Ratio: 8 rights equity shares for every 103 equity shares held Record Date: Thursday, May 7, 2026 Promoters: Mr. Umesh Kumar Sahay and Mr. Abhishek Narbaria

Issue Programme

Eligible equity shareholders should note the following key dates for participation in the rights issue:

Event: Date Issue Opening Date: Wednesday, May 13, 2026 Last Date for On-Market Renunciation: Monday, May 18, 2026 Issue Closing Date: Friday, May 22, 2026 Rights Entitlements Credit Date: Friday, May 8, 2026 Dispatch Completion Date: May 9, 2026

The board or a duly authorised committee thereof retains the right to extend the issue period, provided the issue does not remain open for more than 30 days from the issue opening date. No withdrawal of application is permitted after the issue closing date.

Dispatch of Issue Materials

The registrar to the issue, MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), completed dispatch of issue materials — comprising the Letter of Offer, Rights Entitlement Letter, and Composite Application Form — on or before May 9, 2026. Issue materials were sent electronically via email on May 8, 2026, to shareholders with registered email addresses, and physically via speed registered post or courier on May 9, 2026, to those without registered email addresses. Rights Entitlements were credited to eligible equity shareholders' demat accounts under ISIN INE886D20018 on Friday, May 8, 2026.

Eligible equity shareholders can access the Letter of Offer and Application Form through the following channels:

Company website: www.efclimited.in

Registrar website: www.in.mpms.mufg.com

BSE website: www.bseindia.com

NSE website: www.nseindia.com

Application Process and Key Requirements

All investors are mandatorily required to use the ASBA (Application Supported by Blocked Amount) process under Regulation 76 of the SEBI (ICDR) Regulations. Applications may be submitted in physical mode at Designated Branches of Self-Certified Syndicate Banks (SCSBs) or through the online/electronic mode on SCSB websites. On the issue closing date, ASBA applications will be uploaded until 5:00 p.m. (IST).

Eligible equity shareholders holding shares in physical form as on the record date must furnish demat account details to the registrar or the company at least two clear working days prior to the issue closing date. Shareholders who fail to do so will not be eligible to apply for rights equity shares against their rights entitlements in respect of physically held shares. Rights equity shares applied for in this issue can be allotted only in dematerialised form.

Listing and Key Service Providers

The company has received in-principle approvals from BSE (vide letter no. LOD/RIGHT/PR/FIP/140/2026-27 dated April 27, 2026) and NSE (vide letter no. NSE/LIST/54417 dated April 27, 2026) for listing the rights equity shares. The Designated Stock Exchange for this issue is BSE. Key service providers for the issue are as follows:

Role: Entity Registrar to the Issue: MUFG Intime India Private Limited (formerly Link Intime India Private Limited) Banker to the Issue and Refund Bank: HDFC Bank Limited Monitoring Agency: CARE Ratings Limited

Investors are advised to refer to the Letter of Offer, including the "Risk Factors" section beginning on page 26, before making any investment decision. The Letter of Offer is available on the websites of SEBI, BSE, NSE, the company, and the registrar to the issue.

EFC (I) Limited has incorporated two new wholly-owned subsidiaries — EFC Estate Marisoft 3 Private Limited and EFC Estate Marisoft 4 Private Limited — with effect from May 7, 2026. The Certificates of Incorporation for both entities were received from the Ministry of Corporate Affairs on the same date. The development was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Incorporation Details

Both subsidiaries have been incorporated in India and belong to the real estate as a service industry. The key incorporation details for each entity are presented below:

Parameter: EFC Estate Marisoft 3 Private Limited EFC Estate Marisoft 4 Private Limited Date of Incorporation: May 7, 2026 May 7, 2026 Country of Incorporation: India India Holding Company: EFC (I) Limited EFC (I) Limited Industry: Real Estate as a service Real Estate as a service Nature of Consideration: Cash Cash Cost of Subscription: Rs. 1,000 (100 equity shares of Rs. 10 each) Rs. 1,000 (100 equity shares of Rs. 10 each) Shareholding by Listed Entity: 100% (100 equity shares of Rs. 10 each) 100% (100 equity shares of Rs. 10 each)

Purpose and Property Holdings

Each subsidiary has been incorporated with a distinct property mandate within the Marisoft-3 complex in Pune. EFC Estate Marisoft 3 Private Limited is intended to hold or acquire the property situated at the 3rd Floor, West Tower, Marisoft-3, Marie Gold, S. No. 15, Near D Mart, Cybage Tower Road, Kalyani Nagar, Wadgaon Sheri, Taluka-Haveli, District-Pune-411014, within the limits of Pune Municipal Corporation.

EFC Estate Marisoft 4 Private Limited is intended to hold or acquire the property situated at the 4th Floor, West Tower, Marisoft-3, Marie Gold, S. No. 15, Near D Mart, Cybage Tower Road, Kalyani Nagar, Wadgaon Sheri, Taluka-Haveli, District-Pune-411014, within the limits of Pune Municipal Corporation. Both property acquisitions are to be effected through a demerger from EFC Limited, a material wholly-owned subsidiary of EFC (I) Limited.

Regulatory and Structural Context

No governmental or regulatory approvals were required for the incorporation of either subsidiary. The disclosure was made in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, as well as SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation was signed by Aman Gupta, Company Secretary of EFC (I) Limited.

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