Rights Issue3 Nov 2026, 07:31 am
EFC (I) Ltd: No Deviation in Rights Issue Fund Utilization
AI Summary
EFC (I) Limited has filed a Statement of Deviation and Variation for its Rights Issue of ₹15,994.179 Lakhs (₹159.94 Crore) raised on May 25, 2026. The report for the quarter ended September 30, 2026, confirms no deviation or variation in the utilization of funds. The funds were allocated for working capital requirements of the company and its subsidiaries, EFC Limited and Ek Design Industries Limited, as well as for general corporate purposes and issue-related expenses. The Audit Committee has reviewed and confirmed the absence of any deviations.
Key Highlights
- No deviation or variation in rights issue fund utilization.
- Funds raised were ₹15,994.179 Lakhs (₹159.94 Crore).
- Utilization included working capital and general corporate purposes.
- Audit Committee reviewed and confirmed no deviations.
- Filing is pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Price Impact
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