EFC Share Price in Focus Following Nikhil Bhuta’s Re-Appointment and Auditor Appointment

EFC (I) Limited held its 41st Annual General Meeting (AGM) on September 30, 2025, where significant resolutions were passed, including the re-appointment of Mr Nikhil Dilipbhai Bhuta as Whole-time Director for another five years and the appointment of M/s Sachapara & Associates as the company's Secretarial Auditor for five consecutive financial years starting FY 2025-26.

Re-appointment of Mr Nikhil Dilipbhai Bhuta

Mr Nikhil Bhuta, a highly experienced leader with expertise across multiple industries, was re-appointed as the Whole-time Director of EFC (I) Limited for a term of 5 years, effective October 1, 2025. Mr Bhuta's re-appointment follows his successful tenure at the company, where he contributed significantly to the strategic growth and development of the firm. 

His extensive background in Real Estate, Agritech, Mining, and Hospitality adds immense value to the company's leadership team. Additionally, his remuneration has been fixed for the next three years as part of the re-appointment process.

Appointment of M/s Sachapara & Associates as Secretarial Auditor

During the AGM, the members approved the appointment of M/s Sachapara & Associates, Practising Company Secretaries, as the new Secretarial Auditor of the company. The firm will oversee EFC (I) Limited's compliance with corporate governance standards for the next five financial years, starting from FY 2025-26. M/s Sachapara & Associates is known for its expertise in corporate law compliance and corporate restructuring, ensuring a strong framework for governance and regulatory adherence.

Read More: Who Is Shailesh Chandra, Tata Motors’ New MD & CEO From October 1?!

AGM Overview

The 41st AGM of EFC (I) Limited was held on September 30, 2025, via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 12:00 PM. and concluded at 12:28 PM. The approval of these resolutions underscores the company's commitment to maintaining a strong leadership and governance structure as it moves into the next phase of growth.

EFC (I) Share Price Performance

On October 1, 2025, EFC (I) share price opened at ₹307.80 on NSE, above the previous close of ₹304.75. During the day, it surged to ₹308.80 and dipped to ₹303.80. The stock is trading at ₹305.90 as of 9:31 AM. The stock registered a gain of 0.38%.

Over the past week, it has declined by 2.94%, over the past month, it has declined by 8.86%, and over the past 3 months, it has declined by 11.60%.

Conclusion

The decisions taken at EFC (I) Limited's AGM, particularly the re-appointment of Mr. Nikhil Bhuta and the appointment of M/s Sachapara & Associates as Secretarial Auditor, demonstrate the company's focus on strengthening its leadership and governance practices. These steps are essential for ensuring long-term growth and regulatory compliance as the company looks ahead.

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