Pursuant to Regulations 29 & 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, EFC (I) has informed that the Board Meeting of the Company was held on Saturday, the 15th day of July, 2023 where: 1,23,333 warrants converted into 1,23,333 equity shares of Rs 10 each issued at a price Rs 140 to Non-Promoters on a preferential basis; and details of the conversion of warrants into equity are enclosed. The meeting of Board of Directors commenced at 11 am and concluded at 11:30 am.