EFC (I) Ltd — Important, 15-05-2026: Company Update

EFC (I) Limited's latest Monitoring Agency Report on its Rs. 242.44 crore preferential issue indicates Rs. 185.52 crore has been utilized, leaving Rs. 56.92 crore unutilized, primarily held in fixed deposits. Funds were deployed for business growth, including subsidiary loan repayment, and working capital needs of subsidiaries. These utilizations align with objects clarified and approved by shareholders in July 2024, addressing earlier noted deviations. The report also highlighted a minor, promptly rectified, temporary misutilization of Rs. 2.73 lakh for working capital within a subsidiary's account.