EFC (I) Limited has successfully obtained regulatory approval for the reclassification of two promoters from the Promoter category to Public category. The company received no-objection letters from both major stock exchanges on January 28, 2026, following its application submitted on November 14, 2025.

Stock Exchange Approvals

The National Stock Exchange of India Limited (NSE) issued its no-objection letter numbered NSE/LIST/COMP/EFCIL/539/2025-2026 dated January 28, 2026. Similarly, BSE Limited provided its approval through letter number LIST/COMP/HG/692/2025-26 on the same date. Both approvals are in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoters Seeking Reclassification

The reclassification involves two individuals who will transition from Promoter status to Public category:

The minimal shareholding percentages indicate that this reclassification will have negligible impact on the company's overall ownership structure.

Regulatory Framework

The reclassification process follows Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides the framework for promoters to seek reclassification to public category under specific circumstances. Both stock exchanges have emphasized the company's obligation to ensure compliance with subsequent relevant disclosures of material events related to this reclassification.

Company Profile

EFC (I) Limited is registered in Pune, Maharashtra, with its registered office located at 6th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007. The company operates under CIN: L74110PN1984PLC216407 and maintains its corporate website at www.efclimited.in .

Next Steps

Following the receipt of no-objection letters, EFC (I) Limited will be required to make appropriate disclosures and ensure ongoing compliance with SEBI regulations regarding the reclassified status of the former promoters. The company has formally communicated this development to both stock exchanges for their records.

EFC (I) Limited has converted an existing unsecured loan of ₹15.00 crores into Compulsory Convertible Debentures (CCDs) in its wholly owned subsidiary EFC Limited. The transaction, announced on January 22, 2026, involves the allotment of 150 fully paid-up CCDs with a face value of ₹10.00 lakh each.

Transaction Structure

The conversion represents a restructuring of existing financial arrangements between the parent company and its subsidiary. The CCDs carry an interest rate of 0.001% and have been issued at par value against the conversion of the unsecured loan.

Subsidiary Profile

EFC Limited operates as a managed workspace company, providing workspace-as-a-service to enterprises and startups. The subsidiary focuses on offering flexibility, speed, security, and contemporary workplace experiences while enhancing asset value for occupiers.

Financial Performance

EFC Limited has demonstrated consistent revenue growth over the past three years, establishing itself as the highest revenue-generating vertical of the parent company.

Capital Structure

The subsidiary maintains a focused capital structure with authorized share capital of ₹4.00 crores, divided into equity shares and cumulative preference shares.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the conversion is conducted at arm's length, with EFC Limited being a related party as a wholly owned subsidiary. No additional governmental or regulatory approvals are required for this internal restructuring.

The managed office and co-working space sector continues to represent a core business vertical for the parent company, with this transaction reinforcing the financial structure supporting the subsidiary's operations and growth trajectory.