EFC (I) Ltd

EFC (I) Ltd announced its Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results along with the Limited Review Report from statutory auditors M/s. Mehra Goel & Co. LLP. The report notes a qualified conclusion regarding unbilled revenue of ₹7,638 Lakhs, pending customer confirmations, though management believes it is fully recoverable. The financial information for the comparative period has been restated due to a merger with Whitehills Interior Limited.

EFC (I) Ltd announced the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. The Board of Directors approved these results along with the Limited Review Report from statutory auditors M/s. Mehra Goel & Co. LLP. The auditors noted a qualified conclusion regarding unbilled revenue of ₹7638 lakh, as customer confirmations were pending. The financial information for the comparative period has been restated due to a merger with Whitehills Interior Limited.

EFC (I) Limited announced its financial results for Q2 and H1 FY27, reporting strong year-on-year growth. Q2 FY27 revenue increased by 30% YoY to ₹332 Cr, with EBITDA up 21% YoY to ₹134 Cr and Profit After Tax (PAT) up 36% YoY to ₹77 Cr. For H1 FY27, revenue grew 30% YoY to ₹615 Cr, EBITDA rose 21% YoY to ₹257 Cr, and PAT increased 43% YoY to ₹148 Cr. Key highlights include a 17% QoQ revenue growth, strong performance in the interiors business (+16% YoY), and rapid expansion of the furniture division (+145% YoY). Strategic initiatives include a demerger to simplify corporate structure, acquisition of Ultrafresh Modular Solutions for furniture segment expansion, and a new managed office facility in Pune. The company also completed the divestment of Sanvritti Alpha, realizing an annualized IRR of approximately 30%.

EFC (I) Limited has filed a Statement of Deviation and Variation for its Rights Issue of ₹15,994.179 Lakhs (₹159.94 Crore) raised on May 25, 2026. The report for the quarter ended September 30, 2026, confirms no deviation or variation in the utilization of funds. The funds were allocated for working capital requirements of the company and its subsidiaries, EFC Limited and Ek Design Industries Limited, as well as for general corporate purposes and issue-related expenses. The Audit Committee has reviewed and confirmed the absence of any deviations.

EFC (I) Ltd has announced that its Board of Directors will convene on November 2, 2026. The primary agenda item for this meeting is the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. This meeting is being held in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.

EFC (I) Ltd has approved the allotment of 19,99,996 equity shares, each with a face value of ₹2, at an issue price of ₹270 per share. This preferential issue, aggregating to ₹53,99,98,920 (₹53.99 Crore), is part of the acquisition of a 100% stake in Ultrafresh Modular Solutions Limited via a share swap. The shares are allotted on a preferential basis to non-promoter shareholders of Ultrafresh, for consideration other than cash. These new shares will rank pari-passu with the existing equity shares of EFC (I) Ltd. The transaction involves 9 investors, with TTK Prestige Limited being the largest allottee.

EFC (I) Ltd has successfully completed the acquisition of 100% equity stake in Ultrafresh Modular Solutions Limited through a share swap. Following this transaction, Ultrafresh has now become a wholly-owned subsidiary of EFC (I) Ltd. The acquisition was completed by issuing 19,99,996 equity shares of EFC (I) Ltd in consideration for the equity shares of Ultrafresh. The cost of acquisition is reported as ₹53,99,98,920. This strategic move aims to strengthen and scale EFC (I) Ltd's existing furniture manufacturing and Design & Built solutions business by integrating Ultrafresh's complementary product portfolio, brand, and market presence. The acquisition is expected to create operational synergies, broaden product offerings, and enhance manufacturing and distribution capabilities in the organized modular solutions market.

EFC (I) Ltd has announced the closure of its trading window for dealings in the company's securities. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026. This measure is in place to prevent insider trading during the period leading up to and immediately following the announcement of financial performance.

EFC (I) Limited has issued a notice to its equity shareholders and unsecured creditors regarding a Scheme of Arrangement (Demerger). The scheme involves the demerger of EFC Limited's asset-light managed office solutions business into EFC (I) Limited. The National Company Law Tribunal (NCLT) has dispensed with the need for meetings of shareholders and creditors, as the demerger will not impact their rights or the shareholding structure of EFC (I) Limited. The Demerged Company is a wholly-owned subsidiary of the Resulting Company, and no new shares or consideration are involved. Details of the scheme are available on the company's website.