EFC (I) Ltd — Important, 12-11-2025: Company Update

EFC (I) Limited's Monitoring Agency Report for the quarter ended September 30 confirms the utilization of preferential issue proceeds. Out of Rs. 242.44 Cr raised, Rs. 144.77 Cr has been utilized, with no deviation from the stated objects. However, the Monitoring Agency noted that Rs. 97.67 Cr in unutilized funds were parked in current accounts of subsidiaries and step-down subsidiaries. The report highlights that the offer document and resolutions are silent on this interim use of proceeds, implying it's not explicitly allowed. This observation is key for investors to understand the company's fund management practices.