Legal22 Sept 2026, 07:21 pm
EFC (I) Ltd: NCLT Approves Scheme of Arrangement (Demerger)
AI Summary
EFC (I) Limited announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has issued an order approving the Scheme of Arrangement (Demerger) between EFC Limited and EFC (I) Limited. The order, dated September 21, 2026, dispenses with the need to convene meetings of equity shareholders and creditors of both companies. The company will proceed with necessary steps to comply with the NCLT's directions, subject to applicable regulatory approvals. A certified copy of the order is awaited.
Key Highlights
- NCLT approves Scheme of Arrangement (Demerger) for EFC (I) Ltd.
- Meetings of shareholders and creditors have been dispensed with.
- Company to comply with NCLT directions.
- Scheme subject to regulatory and other approvals.
Price Impact
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