EFC (I) Ltd: Monitoring Agency Report for Rights Issue Funds Q2 FY27

EFC (I) Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Rights Issue dated May 25, 2026. The report, issued by CARE Ratings Limited, confirms that there were no deviations from the stated objects of the issue. The total amount raised was Rs. 159.94 crore. The report notes that while some expenditures were incurred prior to the transfer of proceeds and there was comingling of funds through current and monitoring accounts of the company and its subsidiaries, the utilization was in line with the approved objects and traceable. A portion of the utilization under 'Funding the working capital requirements' and 'General Corporate Purposes' pertains to related party transactions.