EFCIL Approves Rights Issue of ₹160 Crore, Sets May 7 Record Date
EFC (I) Limited approved a Rights Issue of up to ₹160 crore, issuing 1,06,62,786 equity shares at ₹150 each. The record date is May 7, 2026. The issue opens on May 13 and closes on May 22, 2026, offering 8 shares for every 103 held.
A rights issue of ₹160 crore can significantly impact the company's capital structure and potentially dilute existing shareholdings, warranting a medium impact assessment.
The company is raising capital through a rights issue, which indicates a positive move towards growth or financial strengthening.
EFC (I) Limited announced the outcome of its Board of Directors meeting held on May 1, 2026. The Board approved terms for a Rights Issue to raise up to ₹160 crore by issuing fully paid-up equity shares of face value ₹2 each. The issue size is ₹159.94 crore, involving the issuance of 1,06,62,786 Rights Equity Shares at a price of ₹150 per share, including a premium of ₹148 per share.
The record date for determining eligible shareholders has been fixed as May 7, 2026. The Rights Issue will be offered in a ratio of 8 Rights Equity Shares for every 103 equity shares held on the record date. The Rights Issue period will commence on May 13, 2026, and close on May 22, 2026. The last date for credit of rights entitlements is May 8, 2026, and the last date for on-market renunciation of rights entitlements is May 18, 2026. The Board also approved the Letter of Offer and other related materials to be filed with regulatory bodies.
The Board meeting commenced at 11:00 AM IST and concluded at 11:30 AM IST.
What to do with a filing like this
EFC (I) Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by EFC (I) Limited. Read the original for the full detail.