The Board of Directors of EFC (I) Limited has received a letter dated October 24, 2024, from Mr. Abhishek Narbaria one of the Executive Promoter Directors of the company, stepping-down as the Whole-time Director, effective from October 24, 2024. However, he will continue to act as a Non-executive Non-independent Director of the company, liable to retire by rotation. The change in designation from Whole-time Director to Non-executive director will be ratified by the shareholders of the company in due course.

Mr. Abhishek Narbaria, qualified as Masters in Computer Science, is a technocrat entrepreneur with over 22 years of experience in developing and shaping organizations in Real Estate, Datacenter Infrastructure and IT & ITes sectors in India.