EFC (I) Ltd

EFC (I) Ltd has dispatched a letter to members whose email addresses are not registered, providing a weblink to access the Annual Report for the Financial Year 2025-26. The 42nd Annual General Meeting is scheduled for September 30, 2026, via VC/OAVM. The company is also reminding members to update KYC details and dematerialize physical securities, highlighting that payments will be electronic only from April 1, 2024, for those with incomplete KYC. The Annual Report is available on the company's website and stock exchanges.

EFC (I) Ltd has announced the schedule for its 42nd Annual General Meeting (AGM) to be held on September 30, 2026, at 12:00 PM IST. The meeting will be conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, the re-appointment of Mr. Abhishek Narbaria as a Director, and a special resolution to shift the company's registered office. The notice of the AGM is available on the company's website.

EFC (I) Ltd has completed the sale of its entire 100% equity shareholding in its wholly-owned subsidiary, Sanvritti Alpha Private Limited (SPV), for a total consideration of INR 39 crores. This transaction monetizes the underlying real estate asset, comprising two floors in the Konark Alpha Building in Pune. The deal was structured as an 'Assets Sale and Lease Back', allowing EFC to continue operating the asset as managed/coworking spaces. Sanvritti Alpha Private Limited contributed ₹221.35 Lakhs to consolidated turnover (0.21%) and had a net worth of ₹(506.56) Lakhs (0.62%) in FY 2025-26. The buyer, Sanvritti Global Private Limited, is not related to EFC's promoter group. This divestment aligns with EFC's strategy of asset monetization and generating stable rental income.

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.

EFC (I) Ltd announced the approval of its Board of Directors to acquire 100% of Ultrafresh Modular Solutions Limited. The acquisition, made from existing shareholders, aims to strengthen EFC's furniture manufacturing and Design & Built solutions business. Ultrafresh, a 51% subsidiary of TTK Prestige Limited, operates in the modular home solutions segment, offering kitchens, wardrobes, and customized furniture, with a manufacturing plant in Nalagarh, Himachal Pradesh. The deal is expected to create operational synergies, broaden product offerings, and enhance market access. The acquisition does not involve related parties and is conducted at arm's length. Completion is anticipated within 15 days via preferential issue of equity shares, subject to shareholder and stock exchange approvals.

EFC (I) Limited announced the acquisition of 100% stake in Ultrafresh Modular Solutions Limited for ₹270 per share, to be paid via preferential issue of equity shares. The acquisition aims to expand EFC's presence in the modular furniture segment. The board also approved seeking shareholder approval via postal ballot for the preferential issue. The transaction is not a related party transaction and has been conducted at arm's length.

EFC (I) Limited's Board of Directors has approved the issuance of up to 19,99,996 equity shares at Rs. 270 per share, totaling Rs. 53.99 crore. This preferential issue is for consideration other than cash, specifically for the acquisition of a 100% stake in Ultrafresh. The valuation reports from IBBI Registered Valuer and fairness opinion from Rarever Financial Advisors, along with an independent valuation by Deloitte, support the transaction. Shareholder and regulatory approvals are pending.

EFC (I) Limited, a Real Estate as a Service (REaaS) company, has expanded its Pune presence by leasing an entire 95,897 sq. ft. A+ category building in Koregaon Park Annex. This long-term lease, with a potential revenue of over INR 70 crores, is expected to add over 2,000 seats to its managed office portfolio. The company highlights that full control over the premises will enhance operational efficiency, branding, customer experience, and margin optimization. This expansion aligns with EFC's strategy of scaling its core verticals: Managed Office Spaces, Design & Build, and Furniture Manufacturing, strengthening its integrated REaaS platform.

EFC (I) Ltd has announced a Board of Directors meeting scheduled for August 18, 2026. The primary agenda items include considering and approving a proposal for issuing equity shares via preferential issue on a private placement basis or other permissible modes. This move is subject to necessary regulatory and member approvals. The company will also discuss convening an extraordinary general meeting or postal ballot to seek shareholder consent for this issuance. The trading window for designated persons and their relatives is closed from August 13, 2026, and will reopen 48 hours after the board meeting outcome is published.

EFC (I) Limited has entered into a Share Acquisition Agreement to acquire 100% equity shareholding in Ultrafresh Modular Solutions Limited. This strategic acquisition aims to strengthen EFC's furniture manufacturing and Design & Build verticals by integrating Ultrafresh's established modular furniture solutions business and its manufacturing facility in North India. Ultrafresh, a 51% subsidiary of TTK Prestige Limited, brings 25 years of industry experience and a comprehensive model spanning design, manufacturing, supply, and installation. The move is expected to create synergies, expand EFC's product portfolio, and enhance its presence in the organized modular solutions market.