EFC (I) Ltd Approves Rights Issue of Up to Rs 160 Crore - What Existing Shareholders Need to Know
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Board gives green light to fresh capital raise; specific terms to be announced subsequently.
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The Board of Directors of EFC (I) Limited, at its meeting held on April 3, 2026, approved the issuance of fully paid-up equity shares of face value Rs 2 each through a rights issue to eligible equity shareholders of the company. The total amount to be raised through this rights issue will not exceed Rs 160 crore.
A rights issue is a method of raising capital where a company offers new shares to its existing shareholders in proportion to their current holdings, giving them the first right to subscribe before the shares are offered to others. Shareholders who participate maintain their proportional ownership in the company, while those who choose not to subscribe see their ownership percentage diluted.
The Board meeting commenced at 9:15 AM and concluded at 9:45 AM on April 3, 2026.
The specific terms of the rights issue, including the issue price, rights entitlement ratio, record date, timing of the issue, and terms of payment, are yet to be determined. These details will be decided by the Board of Directors and disclosed to the stock exchanges in due course. The rights issue is subject to applicable regulatory and statutory approvals, including those under the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, 2018.
About the Company
Incorporated in 1984, EFC (I) Limited, formerly known as Amani Trading and Exports Limited, is in the business of leasing office spaces and operates as a Real Estate as a service company.
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Disclaimer: The article is for informational purposes only and not investment advice.