EFC Limited , a diversified company in the real estate ecosystem, is gearing up for substantial growth in its furniture division. Nikhil Bhuta, the Whole-Time Director of EFC Limited, recently outlined ambitious plans for the segment, which currently accounts for 3-5% of the company's total revenue.

Manufacturing Capabilities

The furniture division operates from a state-of-the-art three-acre manufacturing facility. This unit is equipped to produce a wide range of products, including:

• Woodwork
• Metalwork
• Seating systems

These products cater to various sectors such as hospitality, residential, and commercial spaces. The division also serves export markets and handles institutional projects, showcasing its versatility and market reach.

Current Order Book and Capacity Utilization

EFC Limited's furniture segment is showing promising signs of growth:

Growth Projections

Nikhil Bhuta expressed optimism about the furniture division's future, projecting significant growth over the next two years:

This ambitious target represents a potential quadrupling of the segment's contribution to EFC Limited's overall revenue.

Strategic Importance

The expansion of the furniture division aligns with EFC Limited's strategy to strengthen its position in the real estate ecosystem. By growing this segment, the company aims to offer a more comprehensive suite of services and products to its clients.

As EFC Limited continues to develop its furniture division, investors and industry observers will be watching closely to see how this growth strategy unfolds and impacts 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.