Merger29 Jul 2026, 07:50 pm
EFC (I) Ltd Board Approves Demerger Scheme
AI Summary
EFC (I) Limited announced that its Board of Directors, in a meeting held on July 29, 2026, approved a Scheme of Arrangement (Demerger). The scheme involves demerging the asset-light managed office solutions business (Vertical 1) of EFC Limited into EFC (I) Limited. This demerger aims to segregate the asset-light and asset-intensive businesses, allowing EFC Limited to focus on its core operations. The demerged undertaking had a turnover of INR 362,06,65,512.32 as of March 31, 2026, representing 34.92% of EFC (I) Limited's consolidated turnover. The scheme is subject to statutory and regulatory approvals, including from the National Company Law Tribunal.
Key Highlights
- Board approved a Scheme of Arrangement for demerger.
- Asset-light managed office solutions business to be demerged.
- Demerged undertaking contributed 34.92% to FY26 consolidated turnover.
- Scheme aims to segregate business models for focused growth.
- Requires NCLT and other regulatory approvals.
Price Impact
More from EFCIL