EFC (I) Ltd — Important, 05-11-2025: Company Update

EFC (I) Limited shareholders have approved an increase in the company's Authorised Share Capital. This alters the Memorandum of Association, raising the legal limit from Rs. 25 Crore (12.5 Crore equity shares) to Rs. 40 Crore (20 Crore equity shares), with each share remaining at Rs. 2. This move provides the company with enhanced flexibility for future capital raising activities, mergers, or other corporate actions by allowing it to issue more shares as needed under the new authorized limit.