EFC (I) Ltd

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.

EFC (I) Limited announced that its board approved the issuance of up to 19,99,996 equity shares with a face value of Rs 2 each to various non-promoter investors, including TTK Prestige Limited, at a price of Rs 270 per share, for a total consideration of Rs 53,99,98,920. The issuance, subject to shareholder and regulatory approvals, will be utilized to acquire a 100% stake in Ultrafresh from the sellers, with valuation reports provided by Mr. Mukesh Kumar Jain and fairness opinion from Rarever Financial Advisors, and independently carried out by Deloitte Touche Tohmatsu India LLP.

EFC (I) Limited announced it has acquired 100% of the issued and paid-up capital of Ultrafresh Modular Solutions Limited, a modular home solutions company, for Rs 53.99 crore. The acquisition, to be completed by October 31, 2026, will be settled through a share swap involving the issuance of up to 19,99,996 equity shares and is intended to strengthen EFC (I) Limited’s furniture manufacturing and design & build solutions business, leveraging Ultrafresh’s presence in the modular furniture market and manufacturing plant in Nalagarh, Himachal Pradesh.

EFC (I) Limited will seek shareholder approval for a proposal to issue equity shares through a preferential issue on a private placement basis, the company said in a filing on August 13, 2026, adding that the board will meet on August 18, 2026, to consider the matter and convene an extraordinary general meeting or postal ballot.

EFC (I) Limited announced it has entered into a Share Purchase Agreement to acquire 100% equity stake in Ultrafresh Modular Solutions Limited, a modular home solutions company partially owned by TTK Prestige Limited, for an acquisition cost of Rs 54 crore. The acquisition, expected to be completed on or before October 31, 2026, will be settled through a share swap and is intended to strengthen EFC (I) Limited’s furniture manufacturing and design business, leveraging Ultrafresh’s product portfolio, brand, and market presence in North India. Ultrafresh Modular Solutions Limited reported a turnover of Rs 36.32 crore in fiscal year 2025-26, Rs 32.49 crore in fiscal year 2024-25, and Rs 31.20 crore in fiscal year 2023-24.

EFC (I) Limited announced a 29% year-over-year increase in revenue to Rs 2,829 million for the first quarter of Financial Year 2026-27, alongside a 20% year-over-year rise in EBITDA to Rs 1,230 million, according to a press release issued July 29, 2026. The Pune-based real estate-as-a-service platform, founded in 2014 by Umesh Kumar Sahay, also reported a 52% year-over-year increase in profit after tax to Rs 709 million, driven by growth across its leasing, interior design, and furniture manufacturing businesses, which manages 84,000+ seats across 25 cities and caters to 780+ corporate clients.

Net profit of EFC (I) rose 58.91% to Rs 69.00 crore in the quarter ended June 2026 as against Rs 43.42 crore during the previous quarter ended June 2025. Sales rose 28.80% to Rs 282.88 crore in the quarter ended June 2026 as against Rs 219.62 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales282.88219.62 29 OPM %43.4746.52 - PBDT124.0394.24 32 PBT101.3466.06 53 NP69.0043.42 59 Powered by Capital Market - Live

EFC (I) Limited announced that there was no deviation or variation in the utilization of proceeds from a preferential issue of Rs 22964.16 crore on January 10, 2024, and a subsequent issue of Rs 1280.80 crore on January 11, 2024, as confirmed in a filing with the BSE Limited and National Stock Exchange of India Limited. The company also disclosed that a rights issue of Rs 15994.179 crore completed on May 25, 2026, was also utilized as originally planned.

EFC (I) Limited, on July 29, 2026, announced a scheme of arrangement (demerger) involving its wholly-owned subsidiary, EFC Limited, to separate its asset-light managed office solutions business, generating Rs 362.06 crore in revenue or 34.92% of EFC (I) Limited’s total turnover as of March 31, 2026, into EFC (I) Limited. The demerger, which requires regulatory and court approvals, will allow EFC Limited to focus on its asset-intensive managed office solutions business, while EFC (I) Limited will consolidate the asset-light business, and no change in shareholding is anticipated as EFC (I) Limited already owns 100% of EFC Limited's shares.