EFC Limited , a diversified company in the real estate ecosystem, is gearing up for substantial growth in its furniture division while also securing new contracts in other areas of its business.

Furniture Division Growth

Nikhil Bhuta, the Whole-Time Director of EFC Limited, recently outlined ambitious plans for the furniture segment, which currently accounts for 3-5% of the company's total revenue. The division operates from a state-of-the-art three-acre manufacturing facility, producing a wide range of products including woodwork, metalwork, and seating systems.

Current Performance and Projections

Bhuta expressed optimism about the furniture division's future, projecting its revenue contribution to grow from the current 3-5% to 10-20% within two years.

New Contract: Passport Seva Kendra

In a recent development, EFC (I) Limited, a subsidiary of EFC Limited, has been awarded a general work contract for a new Passport Seva Kendra (PSK) at Pashan, Pune. This contract is part of an ongoing Rate Contract for Passport Seva Kendras and includes complete interior turnkey fit-outs for the facility.

Key Points of the PSK Contract

• Location: Pashan, Pune
• Scope: Complete interior turnkey fit-outs
• Previous Experience: Successful execution of Ahmedabad and Hyderabad PSK projects

Managing Director Umesh Sahay expressed honor at receiving another PSK project under the Rate Contract, highlighting the company's expertise in design and build solutions for commercial and corporate environments.

Strategic Importance

The expansion of the furniture division and the securing of new contracts like the PSK project align with EFC Limited's strategy to strengthen its position in the real estate ecosystem. By growing these segments, the company aims to offer a more comprehensive suite of services and products to its clients.

As EFC Limited continues to develop its various business divisions, investors and industry observers will be watching closely to see how these growth strategies unfold and impact the company's overall performance in the coming years.

EFC (I) Limited, a company listed on both BSE and NSE, has successfully conducted a meeting of its equity shareholders to vote on a proposed scheme of amalgamation with Whitehills Interior Limited. The meeting, held on September 15, 2025, was conducted via video conference in compliance with an order from the National Company Law Tribunal (NCLT) dated August 11, 2025.

Meeting Details

The company reported a total of 23,312 shareholders as of the record date, September 8, 2025. During the virtual meeting:

• 3 members from the promoter and promoter group attended
• 74 public shareholders participated

Voting Outcome

According to the company's announcement, the resolution for the scheme of amalgamation was approved by shareholders with the requisite majority. This decision was based on the scrutinizer's report submitted by Mr. Chirag Sachapara of Sachapara & Associates, who was appointed by the NCLT to oversee the voting process.

Regulatory Compliance

EFC (I) Limited ensured compliance with various regulatory requirements throughout the process:

• The meeting was conducted in accordance with the Companies Act, 2013
• It adhered to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Relevant circulars issued by the Ministry of Corporate Affairs were followed

Voting Process

Shareholders were provided with two voting options:

1. Remote e-voting prior to the meeting
2. E-voting during the meeting

The company emphasized that the voting results encompassed both these methods, ensuring a comprehensive representation of shareholder opinions.

Next Steps

With shareholder approval secured, EFC (I) Limited is expected to proceed with the next stages of the merger process. The amalgamation with Whitehills Interior Limited, once completed, could potentially lead to synergies and strategic benefits for the combined entity.

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the progress of this significant corporate action.