EFC (I) Ltd — Updates, 12-05-2025: Company Update

EFC (I) Limited has announced a Monitoring Agency Report confirming that Rs. 242.44 Cr raised through a preferential equity issue has been utilized as per the stated objects without deviation. Major deployment includes Rs. 127.68 Cr invested in subsidiaries to support business growth, Rs. 0.34 Cr in technology and infrastructure, and Rs. 14.55 Cr for working capital, partly used for vendor payments. Unutilized funds of Rs. 99.87 Cr are held in fixed deposits with HDFC Bank earning 7.21% interest. The report highlights transparency in fund use, supporting EFC’s expansion and operational needs.