EFC (I) Ltd

EFC (I) Limited informed the BSE Limited and National Stock Exchange of India that there was no deviation or variation in the utilization of proceeds from its rights issue, according to a filing on November 3, 2026. The rights issue, which raised Rs 15994.179 crore on May 25, 2026, was monitored by CARE Ratings Limited, and the audit committee reviewed the matter.

EFC (I) Limited will hold a board meeting on Monday, November 2, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, according to a regulatory filing.

EFC (I) Limited announced that the National Company Law Tribunal's Mumbai Bench has scheduled a final hearing for November 27, 2026, regarding the Scheme of Arrangement (Demerger) between EFC Limited and EFC (I) Limited. The order, dated October 22, 2026, is available on the EFC (I) Limited website at www.efclimited.in and will require the company to take necessary compliance steps. The scheme remains subject to applicable regulatory approvals.

EFC (I) Limited submitted a certificate to the BSE Limited and National Stock Exchange of India Limited, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, with MUFG Intime India Private Limited acting as the Registrar and Share Transfer Agent.

EFC (I) Limited announced it has completed the acquisition of 100% equity stake in Ultrafresh Modular Solutions Limited through a share swap, making Ultrafresh a wholly owned subsidiary. The acquisition, which involved the issuance of 19,99,996 equity shares, cost EFC (I) Limited Rs 53,99,98,920 and was not considered a related party transaction. Ultrafresh, previously a 51% subsidiary of TTK Prestige Limited, operates in the modular furniture solutions segment with a turnover of Rs 36.32 crore in fiscal year 2025-26, and the acquisition is intended to strengthen EFC (I) Limited’s existing furniture manufacturing and design businesses.

EFC (I) Limited has allotted 19,99,996 equity shares on a preferential basis to nine non-promoter investors, including TTK Prestige Limited, for a total consideration of Rs 53,99,98,920, in exchange for the acquisition of 100% stake in Ultrafresh Modular Solutions Limited. The shares were allotted at an issue price of Rs 270 per share, including a premium of Rs 268 per share, and will rank pari passu with existing equity shares.

EFC (I) Limited informed the BSE Limited and National Stock Exchange of India Limited that it will close the trading window for dealings in the company's securities from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026, in accordance with Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

EFC (I) Limited announced September 24, 2026, that the National Company Law Tribunal, Mumbai Bench, has dispensed with the requirement to convene and hold meetings of equity shareholders and unsecured creditors regarding a Scheme of Arrangement (Demerger) between EFC Limited, a wholly-owned subsidiary of EFC (I) Limited, and EFC (I) Limited. The demerger involves EFC Limited transferring its asset-light managed office solutions business to EFC (I) Limited, with no change to the issued share capital or shareholding pattern of EFC (I) Limited.

EFC (I) Limited completed the sale of its entire 100% equity shareholding in Sanvritti Alpha Private Limited, formerly known as EFC Estate 56 Alpha Private Limited, to Sanvritti Global Private Limited for INR 39 crore. Sanvritti Alpha Private Limited, a wholly owned subsidiary of EFC (I) Limited, contributed a turnover of Rs 221.35 lakhs, constituting 0.21% of the company’s consolidated turnover for fiscal year 2025-26, and had a net worth of Rs (506.56) lakhs, representing (0.62)% of the consolidated net worth as of March 31, 2026. The transaction was structured as an "Assets Sale and Lease Back" basis, and EFC (I) Limited will continue to operate the assets as Managed/Coworking Office Spaces.

EFC (I) Limited announced that its shareholders approved alterations to the company’s Memorandum of Association through a special resolution passed via postal ballot on August 29, 2026, including the insertion of new sub-clauses related to acquiring and managing real estate assets, planning and executing construction projects, and designing and distributing furniture and building materials, both in India and abroad.