NewsEFC (I) Limited Incorporates Wholly-Owned Subsidiary EFC Estate Wakadewadi 1 Private LimitedEFC (I) Limited Incorporates Wholly-Owned Subsidiary EFC Estate Wakadewadi 1 Private Limited
EFC (I) Limited incorporated EFC Estate Wakadewadi 1 Private Limited on May 6, 2026, as a wholly-owned subsidiary under Regulation 30 of SEBI LODR Regulations. The subsidiary, operating in real estate as a service, will hold or acquire property at Godrej Eternia, Pune, through a demerger from EFC Limited, a material wholly-owned subsidiary of EFC (I) Limited, with a subscription cost of Rs. 1,000 for 100 equity shares of Rs. 10 each.
*this image is generated using AI for illustrative purposes only.
EFC (I) Limited has incorporated a new wholly-owned subsidiary, EFC Estate Wakadewadi 1 Private Limited, with the Certificate of Incorporation received from the Ministry of Corporate Affairs on May 6, 2026. The development was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to the stock exchanges on the same date.
New Subsidiary Details
The newly incorporated entity, EFC Estate Wakadewadi 1 Private Limited (referred to as 'EFC Wakadewadi 1'), is incorporated in India and belongs to the real estate as a service industry. The subsidiary is set to hold or acquire property situated at the 1st floor, B Wing/building of the commercial complex known as Godrej Eternia, located on sub-divided Final Plot bearing No. 64/A1, 64/B1, and 64/B2 at village Bhamburda – Shivaji Nagar, Taluka Pune City, District Pune, within the limits of Pune Municipal Corporation. This property is to be acquired through a demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited.
Key Incorporation Parameters
The following table summarises the key details of the incorporation as disclosed under Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations:
| Parameter: | Details |
|---|---|
| Name of Subsidiary: | EFC Estate Wakadewadi 1 Private Limited |
| Date of Incorporation: | May 6, 2026 |
| Country of Incorporation: | India |
| Holding Company: | EFC (I) Limited |
| Relation with Listed Entity: | Wholly-owned subsidiary |
| Industry: | Real estate as a service |
| Nature of Consideration: | Cash |
| Cost of Subscription: | Rs. 1,000 (100 equity shares of Rs. 10 each) |
| Shareholding by Listed Entity: | 100% (100 equity shares of Rs. 10 each) |
| Regulatory Approvals Required: | Not Applicable |
Corporate Disclosure
The intimation was signed by Aman Gupta, Company Secretary of EFC (I) Limited, and submitted to both BSE Limited and the National Stock Exchange of India Limited on May 6, 2026. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. EFC (I) Limited is registered at 6th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra.
Historical Stock Returns for EFC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.58% | -3.64% | -10.43% | -30.74% | -46.86% | -46.86% |
Will EFC (I) Limited incorporate additional property-specific subsidiaries under a similar structure for other floors or buildings within Godrej Eternia or other commercial complexes?
How might the demerger of the Wakadewadi property from EFC Limited into the new subsidiary impact EFC Limited's balance sheet and operational capabilities going forward?
Could this subsidiary structure signal a broader strategy by EFC (I) Limited to unlock value through asset-light real estate monetization or REITs in the future?
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
