EFC (I) has informed that the Board has recommended Sub-Division/Split of Equity Shares of the Company from Face Value of Rs 10 each to Face Value of Rs 2 each. The Company will take appropriate approval from the members under the applicable laws. The Board has recommended Alteration of Capital Clause of Memorandum of Association of the Company in accordance with Sub-Division/Split of Equity Shares of the Company from Face Value of Rs 10 each to Face Value of Rs 2 each. The Company will take appropriate approval from the members under the applicable laws.
The above information is a part of company’s filings submitted to BSE.