Legal27 Oct 2026, 06:30 pm
EFC (I) Ltd: NCLT Hearing for Demerger Scheme Set for Nov 27, 2026
AI Summary
EFC (I) Limited has announced that the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, has scheduled November 27, 2026, as the final date for hearing the petition concerning the Scheme of Arrangement (Demerger). This scheme involves EFC Limited (Demerged Company) and EFC (I) Limited (Resulting Company). The NCLT's order, dated October 22, 2026, was uploaded on October 27, 2026. The company will proceed with the necessary steps to comply with the tribunal's directions. The Scheme is still contingent upon obtaining all applicable regulatory and other approvals. The detailed order is available on the NCLT website and the company's website.
Key Highlights
- NCLT sets November 27, 2026, as the final hearing date for the demerger scheme.
- The scheme involves EFC Limited and its wholly-owned subsidiary, EFC (I) Limited.
- The demerger is proceeding under Sections 230-232 of the Companies Act, 2013.
- Scheme is subject to regulatory and other necessary approvals.
- Company to comply with NCLT directions for the demerger process.
Price Impact
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