Monitoring Agency Report for utilization of funds for the quarter ended June 30, 2026.

August 14, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot no. C/1, Dalal Street, Mumbai-400001. G Block, Bandra Kurla Complex, Mumbai-400051. Scrip Code: 512008 NSE Symbol: EFCIL Sub.: Monitoring Agency Report on the utilization of proceeds raised through Preferential Issue and Rights Issue, for the quarter ended June 30, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith the Monitoring Agency Reports issued by CARE Ratings Limited for the quarter ended June 30, 2026, in respect of the utilization of proceeds raised through Preferential Issue of Equity Shares dated January 10, 2024 and January 11, 2024 and Rights Issue dated May 25, 2026. Kindly take the same on record. Yours faithfully, For EFC (I) Limited Aman Gupta Company Secretary Encl.: As above EFC (I) Limited Regd. Office: 6th 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 Monitoring Agency Report No. CARE/HO/GEN/2026-27/1155 The Board of Directors EFC (I) Limited 6th Floor, VB capitol building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune – 411007, Maharashtra, India. August 14, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Right Issues (RI) of EFC (I) Limited (“the Company”) We write in our capacity of Monitoring Agency for the Rights Issue for the amount aggregating to Rs. 159.94 crore of the Company and refer to our duties cast under Regulation 82 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated April 03, 2026. Request you to kindly take the same on records. Thanking you, Yours faithfully, Darshan Shah Associate Director Darshan.shah@careedge.in Monitoring Agency Report Report of the Monitoring Agency Name of the issuer: EFC(I) Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: NIL (b) Range of Deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name of the Authorized Signatory: Darshan Shah Designation of Authorized person/Signing Authority: Associate Director Monitoring Agency Report 1) Issuer Details: Name of the issuer : EFC(I) Limited Name of the promoter : Umesh Kumar Sahay, Abhishek Narbaria and Aditi Umesh Sahai Industry/sector to which it belongs : Realty – Real estate related services 2) Issue Details Issue Period : Not applicable Type of issue (public/rights) : Rights Issue (RI) Type of specified securities : Equity Shares IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 159.94 crores 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications considered Comments of the Comments of the Particulars Reply by Monitoring Agency for Monitoring Agency Board of Directors preparation of report All utilization in Q1 FY27 is in line The routing of funds through the with the disclosures provided in Company’s current account was the Offer Document. undertaken strictly in the ordinary course of business and for operational During Q1FY27, the proceeds efficiency. While such accounts were transferred from the recorded other routine business Monitoring Account to the transactions, the end-use of proceeds Letter of Offer*, Current Account (CA) for has been clearly identifiable and Management Certificate, Whether all utilization is as per the disclosures in the Offer utilization which also recorded traceable. Yes Board Resolution$, Bank Document? numerous other business Statements and Invoices, transactions. Consequently, there The Company has maintained adequate CA certificate^ was commingling of funds. documentary evidence to substantiate Monitoring Agency (MA) has the utilization of proceeds in line with relied on bank statements, the objects stated in the Placement invoices, the Management Document. The monitoring agency, Certificate, and the CA Certificate Care Ratings Limited (CareEdge to monitor and assess the Ratings), has independently reviewed utilization of the issue proceeds. the bank statements, Management Monitoring Agency Report Source of information / certifications considered Comments of the Comments of the Particulars Reply by Monitoring Agency for Monitoring Agency Board of Directors preparation of report representation and CA certificate, and has relied upon the same for monitoring and confirming the usage of proceeds. Accordingly, the utilization remains compliant with the approved objects, and the temporary operational transaction in same account does not impact the traceability or legitimacy of end use of funds. Whether shareholder approval has been obtained in case of material deviations# from expenditures disclosed in the Offer Management Certificate No comment No comment Applicable Document? Management Certificate, Whether the means of finance for the disclosed objects of the No Letter of Offer*, Bank No comment No comment issue have changed? Statements Is there any major deviation observed over the earlier monitoring Not Management Certificate, Not applicable as this is the first No comment agency reports? Applicable Letter of Offer* MA report. Whether all Government/statutory approvals related to the Not Management Certificate, No comment No comment object(s) [Showing first 8,000 characters — download PDF for full document]