EFC (I) Limited submitted a corrigendum to its audited consolidated financial results for the quarter and year ended March 31, 2026, correcting a clerical error in the Consolidated Statement of Assets and Liabilities. The company reported a robust financial performance for the full year, with revenue from operations rising 58% to ₹10,367 million and profit after tax surging 67% to ₹2,347 million. The growth was driven by operating leverage, stronger execution, and disciplined cost control across its three verticals: Leasing, Design & Build, and Furniture.

Correction in Financial Filing

The company informed the exchanges that due to a clerical error in the linkage of the prescribed SEBI format, the amount disclosed under the head "Investments" was incorrectly reflected as ₹(1,109.91) lakhs instead of the correct amount of ₹169.20 lakhs. Consequently, EFC (I) Limited filed revised Consolidated Financial Results to rectify this error and its consequential impact on the Consolidated Statement of Cash Flows. All other figures and disclosures remain unchanged.

Full-Year FY26 Financial Performance

CFO Uday Vora highlighted that the performance reflected the benefits of scale across all business segments. The company delivered broad-based growth, with EBITDA increasing 43% to ₹4,683 million. Basic and diluted earnings per share grew 63% to ₹16.87.

Q4 FY26 Quarterly Performance

The fourth quarter also reflected healthy profitability, with PAT margin improving year-on-year even as the business continued to scale. Revenue for Q4 FY26 stood at ₹2,929 million, a 39% increase over the previous year, while PAT grew 45% to ₹689 million.

Segmental Performance

All three verticals contributed meaningfully to the company's financial performance. The Leasing business remained the largest revenue contributor, providing a stable annuity-led foundation, while Design & Build and Furniture delivered strong growth momentum.

Balance Sheet and Cash Flows

The company's balance sheet strengthened during the year, driven by retained earnings and continued business growth. Profit before tax for FY26 stood at approximately ₹3,098 million, with finance costs at approximately ₹562 million and depreciation and amortization at approximately ₹1,202 million.

Management Outlook and Q&A Highlights

During the Q&A session, management addressed questions on the impact of AI on office demand, GCC client contribution, working capital requirements, and guidance for FY27. On AI, MD Umesh Sahay stated that AI would generate employment rather than reduce it, drawing parallels with past technological transitions. On GCCs and large enterprises, Nikhil Bhuta noted that approximately 70% of Leasing revenue comes from large enterprise customers. For FY27, management guided for the addition of 18,000 to 20,000 revenue-generating seats, approximately 40% growth in Design & Build, and over 50% growth in the Furniture vertical. Average revenue per seat improved to a range of ₹7,250 to ₹7,500 during FY26, up from ₹7,000 to ₹7,250 in the prior quarter. On debt, management noted that all borrowings are primarily asset-backed at interest rates in the range of 7.50% to 7.75%, with no immediate repayment pressure. The company also clarified that its recent rights issue was preferred over a QIB route to reward existing loyal shareholders, with QIB fundraising planned for future large CAPEX requirements.

EFC (I) Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) to strengthen transparency and prevent selective disclosure of material information. The Board of Directors approved the amended policy at its meeting held on May 28, 2026, pursuant to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The code establishes a framework for the fair dissemination of information that could materially affect the price of securities, ensuring that all stakeholders have equal access to such data.

The policy defines UPSI as any information relating to the company or its securities that is not generally available and is likely to materially affect the price of securities upon becoming public. This includes financial results, dividends, changes in capital structure, mergers, acquisitions, and changes in key managerial personnel. It also covers events such as fraud or defaults by the company, regulatory actions, forensic audits, and material litigation outcomes.

Principles of Fair Disclosure

The amended code outlines several principles to guide the company's disclosure practices. EFC (I) Limited commits to making prompt public disclosures of UPSI to facilitate price discovery as soon as credible information becomes available. The company ensures uniform and universal dissemination of information to avoid selective disclosure. The Compliance Officer, acting as the Chief Investor Relations Officer (CIRO), is responsible for handling the dissemination of information and responding to queries on market rumors.

Sharing and Maintenance of UPSI

UPSI may be shared only for legitimate purposes and on a need-to-know basis with authorized persons such as partners, lenders, legal advisors, and auditors. The sharing must be in furtherance of legitimate business activities or legal obligations and cannot be used to circumvent SEBI regulations. Recipients of UPSI are considered insiders and must be formally notified of their duties, responsibilities, and the confidentiality requirements attached to the information.

The CIRO is mandated to maintain a structured digital database of all recipients of UPSI. This database must include the recipient's name, organization, postal address, email ID, and Permanent Account Number (PAN) or other legal identifier. The system must include adequate internal controls, such as time stamping and audit trails, to prevent tampering. The Board reserves the right to amend the code periodically to comply with evolving regulatory requirements.