EFC (I) Limited , a prominent player in the flexible and enterprise office leasing sector, has announced its strategic expansion into the retail leasing business. The company plans to focus on high-end showrooms and shops across major commercial areas in metro and tier-1 cities in India.

Strategic Expansion

EFC's move into retail leasing marks a significant diversification of its real estate portfolio. The company, which has built a strong reputation in the office space segment, aims to replicate its success in the retail sector by offering premium, ready-to-lease retail spaces.

Target Markets and Timeline

The company is setting its sights on key markets including:

EFC plans to launch the first phase of these retail leasing projects by January 2026, indicating a swift implementation of this new business strategy.

Retail Space Offerings

EFC's retail leasing division, operating under the name 'EFC Retail Spaces', will offer a range of options:

• Compact luxury boutiques
• Flagship showroom spaces
• High-street developments
• Mixed-use properties

The company's approach emphasizes flexibility and long-term value creation for brands and investors alike.

Market Positioning

Umesh Kumar Sahay, Founder & Managing Director of EFC, stated, "Retail in India is entering a new phase - where location, design, and customer experience define success. Our expansion into retail leasing is a natural extension of EFC's integrated real estate capabilities."

Target Sectors

EFC is aiming to partner with retail brands across various sectors:

• Fashion
• Electronics
• Food & Beverage (F&B)
• Lifestyle
• Automotive

Additionally, the company is looking to attract institutional investors seeking stable retail asset portfolios.

Company Background

Founded in 2014, EFC is a BSE-NSE listed company headquartered in Pune. It currently manages over 80 centers across 10 cities in seven states, catering to more than 600 reputed Indian and global corporates.

This expansion into retail leasing aligns with India's growing consumer economy and the renewed demand for physical retail spaces among national and international brands. It also positions EFC as a more comprehensive real estate solutions provider, catering to both business and lifestyle needs.

As the retail landscape in India continues to evolve, EFC's entry into this sector could potentially reshape how brands approach retail leasing, offering a blend of flexibility and strategic location choices in key urban markets.

EFC Limited 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. 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 to consider and approve the unaudited financial results for the quarter and half-year ended September 30.

2. Receipt of requests from two promoters for reclassification from the 'Promoter' category to the 'Public' category. Ms. Shefali Chintan Parikh, holding 8,600 equity shares (0.01% of total equity), and Mr. Niren Abhaykumar Jhaveri, holding 600 equity shares (0.00% of total equity), submitted their requests on November 4.

Both promoters stated they are not involved in day-to-day activities and do not exercise control over company affairs. They confirmed compliance with regulatory requirements including holding less than 10% voting rights, having no special rights, not being represented on the board, and not acting as key managerial personnel. The requests were made under Regulation 31A of SEBI LODR Regulations 2015.

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.