Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, EFC (I) has informed that the Hon’ble NCLT, Mumbai Bench, has approved the resolution plan under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for MPF Fire Systems (Corporate Debtor). EFC (I) had participated as the Strategic Investor under the provisions of the IBC and has been declared the successful bidder. As per the approved Resolution Plan, EFC will subscribe to up to 15% equity in the (Corporate Debtor) during the resolution process and will continue as a Strategic Investor. EFC’s role is solely to support the Company’s revival and growth through strategic investments, without participating in the day-to-day management or decision-making processes of the Company.
The above information is a part of company’s filings submitted to BSE.
