EFC (I) Ltd — Important, 24-04-2026: Company Update

EFC (I) Limited has announced a change in the statutory auditors for its wholly-owned material subsidiary, EFC Limited. The previous auditors, M/s. Nikhil Warankar & Co., resigned due to a new requirement by the Institute of Chartered Accountants of India mandating that statutory audits for the financial year 2025-26 be conducted by a Peer Reviewed Firm, which they are not. To ensure compliance, the Board and shareholders of EFC Limited have approved the appointment of M/s. SKAND and Co., a Peer Reviewed Chartered Accountant Firm, to fill this vacancy. This change ensures the subsidiary adheres to updated audit standards, maintaining proper financial oversight.