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 Limited has successfully completed a significant corporate restructuring effort. The National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned the Scheme of Arrangement between EFC Limited (Transferee Company) and Whitehills Interior Limited (Transferor Company) on November 12, 2025, which became effective on November 28, 2025.

Key Details of the Amalgamation

• 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 Limited had previously made disclosures regarding this scheme in July 2023, September 2025, and October 2025.
• Umesh Kumar Sahay and persons acting in concert acquired shares in EFC Limited through this scheme of amalgamation.

Impact on Shareholding and Capital Structure

• The promoter group's shareholding increased from 45.44% to 60.44%.
• This increase was achieved through the allotment of 3,77,29,230 equity shares of Rs. 2.00 each.
• The total share capital of EFC Limited rose from Rs. 19.91 crores to Rs. 27.46 crores.

Implications and Next Steps

This NCLT-approved amalgamation marks a crucial milestone in the corporate restructuring process for EFC Limited and Whitehills Interior Limited. The completion of the arrangement has resulted in a significant change in the company's ownership structure and capitalization.

Market Impact

The substantial increase in promoter shareholding and the expansion of the company's capital base may have implications for shareholders and the overall structure of EFC Limited. Investors and stakeholders may want to closely monitor further announcements for a comprehensive understanding of how this arrangement could affect their interests.

Conclusion

The successful completion of the amalgamation between EFC Limited and Whitehills Interior Limited represents a noteworthy development in the company's corporate strategy. With the promoter group now holding a majority stake, stakeholders will be keen to observe any potential changes in the company's direction or operations in the coming months.