EFC (I) Ltd - Board Meeting Outcome.

Pursuant to Regulation 30 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations'), we wish to inform you that the Board Meeting of the Company was held today i.e. Wednesday, the 2nd day of November, 2022 at the corporate office of the Company at 12.00 P.M., inter alia, considered and approved the following: 1. To incorporate a subsidiary company, in which EFC (I) Limited will hold 51% shares. Kindly take the same on record. Meeting commenced at 12.00 P.M. and concluded at 2.00 P.M.