EFC (I) Limited Fixes May 7 Record Date for ₹159.94 Crore Rights Issue

EFC (I) Limited has announced the outcome of its Board of Directors meeting held on May 1, 2026, where the company approved detailed terms for its proposed rights issue. The announcement follows in-principle approvals received from BSE Limited and National Stock Exchange of India Limited through their letters dated April 27, 2026, for the rights issue that was initially approved by the board on April 3, 2026.

Rights Issue Structure and Pricing

The board has approved the issuance of 1,06,62,786 fully paid-up equity shares with a face value of ₹2 each, aggregating to ₹159,94,17,900. The rights issue price has been fixed at ₹150 per fully paid-up share, which includes a premium of ₹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.

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

Record Date and Share Capital Impact

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

The board has established a comprehensive timeline for the rights issue process, with the issue opening on May 13, 2026, and closing on May 22, 2026. The board retains the right to extend the issue period by up to 30 days from the issue opening date.

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

Regulatory Compliance and Documentation

The Board of Directors has adopted and approved the Letter of Offer and other issue-related materials to be filed with BSE Limited, National Stock Exchange of India Limited, and the Securities and Exchange Board of India. These documents will be dispatched to eligible equity shareholders as on the record date in due course, in compliance with applicable laws and regulations. The board meeting commenced at 11:00 AM IST and concluded at 11:30 AM IST, with Company Secretary Aman Gupta signing the regulatory intimation.

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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