EFCIL Shareholders Approve Director Remuneration, MOA Alteration, and Related Party Transactions via Postal Ballot

EFC (I) Limited has announced the successful passage of three resolutions via postal ballot, with voting concluding on August 29, 2026. The resolutions included fixing the remuneration of Non-Executive Director Mr. Abhishek Narbaria, approving an alteration to the Object Clause of the Memorandum of Association, and approving material related party transactions.

The remote e-voting commenced on July 31, 2026, and concluded on August 29, 2026. The Scrutinizer's Report, dated August 31, 2026, confirms that all resolutions were passed with the requisite majority. The details of the voting results indicate strong support for all three proposals. The Scrutinizer's Report and e-voting results are available on the company's website.

The first resolution, to fix the remuneration of Mr. Abhishek Narbaria, was passed as a Special Resolution with 95.54% of the votes in favor. The second resolution, to approve the alteration of the Object Clause of the Memorandum of Association, also passed as a Special Resolution with 100% of the votes in favor. The third resolution, to approve material related party transactions, was passed as an Ordinary Resolution with 100% of the votes in favor.