EFC Limited, a company listed on both BSE and NSE, has successfully obtained shareholder approval to increase its authorized share capital and make consequent alterations to the Memorandum of Association (MOA). This development marks a significant corporate action for the company, potentially paving the way for future growth and expansion.

Key Details of the Resolution

The resolution, which was passed through a postal ballot process, included the following main points:

1. Increase in the authorized share capital of the company
2. Alteration of the capital clause in the Memorandum of Association

Voting Process and Results

The postal ballot was conducted through remote e-voting, which took place from October 7 to November 5, 2025. The results of the voting process were as follows:

The resolution was passed with an overwhelming majority, securing 99.99% of the total votes cast in favor.

Changes to Authorized Share Capital

The approved resolution modifies the authorized share capital of EFC Limited as follows:

This increase in authorized share capital provides EFC Limited with the flexibility to issue additional shares in the future, subject to necessary approvals and market conditions.

Additional Corporate Actions

In related news, EFC Limited has also announced:

1. A board meeting scheduled for November 11, 2025, to consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2025.

2. Receipt of requests from two promoters, Ms. Shefali Chintan Parikh and Mr. Niren Abhaykumar Jhaveri, for reclassification from the 'Promoter' category to the 'Public' category. Their current shareholdings are minimal, with Ms. Parikh holding 8,600 shares (0.01%) and Mr. Jhaveri holding 600 shares (0.00%) of the company's equity.

These corporate actions collectively indicate that EFC Limited is undergoing significant changes in its capital structure and shareholding pattern, which may be of interest to investors and market watchers.

EFC (I) Limited , a company operating in the managed office and co-working space sector, has announced a significant financial restructuring within its group. The company has converted an existing unsecured loan of Rs 20 crore into 200 Compulsory Convertible Debentures (CCDs) in its wholly-owned subsidiary, EFC Limited.

Transaction Details

The key details of this financial restructuring are as follows:

About EFC Limited

EFC Limited, the subsidiary involved in this transaction, operates in the managed office and co-working space sector. The company provides workspace services to enterprises and startups, offering flexibility, speed, security, and a contemporary workplace experience.

Financial Performance

EFC Limited has shown significant growth in recent years:

The substantial increase in turnover from Rs 119.18 crore in FY 2022-23 to Rs 352.71 crore in FY 2024-25 demonstrates the company's strong growth trajectory in the managed workspace sector.

Implications of the Transaction

This conversion of an unsecured loan into CCDs represents a restructuring of existing debt into equity-convertible instruments within the group structure. Such a move may be aimed at improving the subsidiary's balance sheet structure and potentially preparing for future growth or capital raising opportunities.

Regulatory Compliance

EFC (I) Limited has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction has been reported to be conducted at arm's length, with the CCDs being subscribed at face value.

This financial restructuring underscores the dynamic nature of the managed office space sector and EFC (I) Limited's strategic approach to managing its group finances and subsidiaries' capital structures.