
EFC (I) Ltd Amends Memorandum of Association
EFC (I) Limited has informed the stock exchange about an amendment to its Memorandum of Association (MOA). The shareholders approved the alteration of the Object Clause through a Special Resolution passed via Postal Ballot on August 29, 2026. The amendments include the insertion of new sub-clauses under Clause III [A] to expand the company's business activities into areas such as developing and managing flexible workspaces, co-working spaces, business centers, and other real estate assets. Additionally, the company will now be able to undertake comprehensive project management, construction, and interior services for various types of properties. The MOA will also include expanded provisions for designing, manufacturing, and dealing in furniture and related products. Existing incidental and ancillary objects under Clause III [B] have been renumbered without substantive changes.
Key Highlights
- Shareholders approved MOA amendment via postal ballot.
- Object Clause altered to include real estate and workspace solutions.
- New provisions for project management and construction services.
- Expanded scope for furniture design, manufacturing, and trading.
- Ancillary clauses renumbered without content change.
Price Impact
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