EFC (I) proposes capital hike via postal ballot

EFC (I) Limited has announced a postal ballot to seek shareholder approval for increasing its authorized share capital from INR 25,00,00,000 to INR 40,00,00,000. This increase will involve creating an additional 7,50,00,000 equity shares of INR 2 each, bringing the total to 20,00,00,000 equity shares of INR 2 each. The change will also necessitate an alteration to Clause V of the company's Memorandum of Association.

The e-voting period for this resolution commences on Tuesday, October 7, 2025, at 9:00 a.m. (IST) and concludes on Wednesday, November 5, 2025, at 5:00 p.m. (IST). Only members whose names appear in the Register of Members or beneficial owners as of October 3, 2025, are eligible to vote. The results of the postal ballot will be announced on or before November 7, 2025.

This strategic move aims to provide EFC (I) Limited with greater flexibility for future fundraising, including equity share allotments and convertible instrument issuances, to support organic and inorganic expansion, strategic partnerships, acquisitions, and growth capital requirements. The company has engaged MUFG Intime India Private Limited as the registrar and transfer agent to facilitate the e-voting process.