EFC (I) Ltd — Important, 18-08-2026: Company Update

EFC (I) Limited's Board has approved a preferential issue of up to 19,99,996 equity shares, each priced at Rs. 270. This issuance, totaling approximately Rs. 54 Cr, is not for cash but will be used to fund the 100% acquisition of Ultrafresh. The transaction is contingent on shareholder and regulatory approvals. Independent valuation reports by Mr. Mukesh Kumar Jain and Deloitte, alongside a fairness opinion from Rarever Financial Advisors, supported the acquisition and share swap ratio. Key allottees include TTK Prestige Limited and other non-promoter entities.