EFC (I) LIMITED — Board/Management Information 2025

Sep 8, 2025

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September 8, 2025

To BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001. Scrip Code: 512008

To, National Stock Exchange of India Limited Exchange Plaza, 5[th] floor, Plot no. C/1, G Block, Bandra Kurla Complex, Mumbai – 400051 NSE Symbol: EFCIL

Sub.: Outcome of Board Meeting.

Dear Sir/Ma’am,

Pursuant to Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company, at their meeting held on Monday, the 8[th] day of September, 2025 has inter-alia considered and approved the following:

1. The appointment of M/s. Sachapara & Associates, Practicing Company Secretaries (Firm Registration Number: S2019MH690800 - Peer Review No. 3447/2023), as the Secretarial Auditor of the Company, subject to the approval of the Shareholders for five (5) consecutive financial years, commencing from FY 2025–26 and to FY 2029–30.

The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024, for point no. 1 is provided in Annexure-1 .

1. The Re-Appointment of Mr. Nikhil Dilipbhai Bhuta (DIN: 02111646) as Whole-time Director of the Company, subject to the approval of the Shareholders for a period of Five years and fixing his Remuneration.

The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024, for point no. 2 is provided in Annexure-2 .

The meeting of Board of Directors commenced at 11:00 a.m. (IST) and concluded at 11.20 a.m. (IST).

Kindly take the same on records.

Thanking You, For EFC (I) Limited Aman Digitally signed by Kumar Aman Kumar Gupta Date: 2025.09.08 Gupta 11:23:22 +05'30' Aman Gupta Company Secretary

Encl.: As Above.

EFC (I) Limited

Regd. Office: 6[th] Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra I CIN: L74110PN1984PLC216407

Tel.: 020 2952 0138 I Email Id: compliance@efclimited.in I Website: www.efclimited.in

Annexure-1

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Sr. Particulars Appointment of M/s Sachapara & Associates, Practicing
No. Company Secretaries as Secretarial Auditors
1 Reason for change viz. Appointment of M/s Sachapara & Associates, Practicing
resignation, Re-appointment, Company Secretaries as the Secretarial Auditor of the
appointment, removal, death or Company for the Financial Year 2025-26.
otherwise
2 Date of appointment /cessation Date of appointment: September 8, 2025
(as applicable) & term of
appointment; Terms of appointment: To Conduct the Secretarial Audit of
the Company for Five (5) consecutive financial years,
commencing from FY 2025–26 and to FY 2029–30 subject to
the approval of shareholders.
3 Brief profile (in case of M/s Sachapara and Associates is a Company Secretaries firm
appointment); with Peer Review Certification (Peer Review No. 3447/2023).
The firm has vast experience in the field of Corporate Law
compliance and corporate restructuring.
4 Disclosure of relationships Not Applicable
between directors (in case of
appointment of a director).
5 Letter of Resignation along with Not Applicable
detailed reason for resignation
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EFC (I) Limited

Regd. Office: 6[th] Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra I CIN: L74110PN1984PLC216407 Tel.: 020 2952 0138 I Email Id: compliance@efclimited.in I Website: www.efclimited.in

Annexure-2

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Sr. Particulars Re-Appointment of Mr. Nikhil Dilipbhai Bhuta (DIN:
No. 02111646) as Whole-time Director of the Company, for a
period of Five years and fixing his Remuneration.
1 Reason for change viz. The term of Mr. Nikhil Dilipbhai Bhuta (DIN: 02111646) as
resignation, appointment, Re- Whole-time Director of the Company is set to expire on
appointment, removal, death or September 30, 2025. In view of his valuable contributions to
otherwise the Company, it was proposed to re-appoint Mr. Nikhil
Dilipbhai Bhuta as Whole-time Director for a further period of
five years, effective from October 1, 2025, subject to the
approval of shareholders at the ensuing General Meeting. The
proposal also includes the fixation of his remuneration for the
said term.
2 Date of appointment /Re- Date of appointment/ Re-appointment: October 1, 2025
appointment, cessation (as
applicable) & term of Terms of appointment /Re-appointment: For a period of 5
appointment; (five) years from October 1, 2025 to September 30, 2030
3 Brief profile (in case of Mr. Nikhil Bhuta is a qualified Chartered Accountant with over
appointment); 26 years of entrepreneurial and leadership experience across
industries such as Real Estate, Infrastructure, Hospitality,
Agritech, Mining, and Oil & Gas. He has held key positions
including CFO, Country Head, and CEO, and has successfully
executed landmark projects in India and overseas. Mr. Bhuta
has also raised capital on leading exchanges such as BSE, TSX,
and AIM, and contributed to the strategic growth of several
businesses.
4 Disclosure of relationships Not related to any other Director or Key Managerial
between directors (in case of Personnel of the Company.
appointment of a director).
5 Letter of Resignation along with Not Applicable
detailed reason for resignation
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EFC (I) Limited

Regd. Office: 6[th] Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra I CIN: L74110PN1984PLC216407 Tel.: 020 2952 0138 I Email Id: compliance@efclimited.in I Website: www.efclimited.in