EFC Limited, a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), has taken steps to reclassify certain promoters to the public category. This move, initiated on November 14, 2025, marks a significant corporate action for the company.

Application for Reclassification

EFC Limited has submitted applications to both BSE and NSE, seeking the reclassification of two individuals from the 'promoter' category to the 'public' category. This action is in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Details of Promoters Seeking Reclassification

The company has provided details of the promoters seeking reclassification:

Regulatory Compliance

The reclassification request follows the company's earlier communication dated November 11, 2025. By making this application, EFC Limited is adhering to the regulatory requirements set forth by SEBI for such reclassifications.

Implications

While the reclassification, if approved, would change the categorization of these individuals, it's important to note that their combined shareholding represents a minimal portion of the company's total shares. Shefali Chintan Parikh holds 0.01% of the company's shares, while Niren Abhaykumar Jhaveri's holding is listed as 0.00%.

The company has stated that this information has been shared to keep the stock exchanges and investors informed, in line with regulatory disclosure requirements. The reclassification, if approved by the stock exchanges, could potentially impact the company's promoter holding structure.

Investors and market participants are advised to monitor further announcements from the company or the stock exchanges regarding the status of this reclassification application.

EFC (I) Limited has announced a significant development in its corporate restructuring efforts. The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Arrangement between EFC (I) Limited (Transferee Company) and Whitehills Interior Limited (Transferor Company) on November 12, 2025.

Key Details of the Approval

• The approval was granted under Company Scheme Petition No. CP(CAA)/217/MB/2025 in CA(CAA)/184/MB/2025.
• The sanction follows the provisions of Sections 230 to 232 of the Companies Act, 2013.
• EFC (I) Limited had previously made disclosures regarding this scheme in July 2023, September 2025, and October 2025.

Implications and Next Steps

This NCLT approval marks a crucial milestone in the corporate restructuring process for EFC (I) Limited and Whitehills Interior Limited. The sanctioning of the scheme by the NCLT is a significant step towards the completion of the arrangement between the two companies.

Awaiting Further Details

EFC (I) Limited has stated that a copy of the NCLT order is awaited. Once received, this document may provide more specific details about the terms and conditions of the arrangement, as well as any directives from the tribunal regarding the implementation of the scheme.

Market Impact

Such corporate actions may have implications for shareholders and the overall structure of the companies involved. Investors and stakeholders of EFC (I) Limited and Whitehills Interior Limited may want to closely monitor further announcements for a comprehensive understanding of how this arrangement may affect their interests.

Conclusion

The NCLT's approval of the Scheme of Arrangement is a noteworthy development for EFC (I) Limited and Whitehills Interior Limited. As more details become available with the receipt of the NCLT order, stakeholders will gain a clearer picture of the arrangement's specifics and its potential impact on the companies' operations.