EFC (I) Limited has announced the completion of strategic acquisitions in two entities, strengthening its portfolio through increased shareholdings in subsidiary and associate companies. The company disclosed these transactions in a regulatory filing dated December 26, 2025, submitted to both BSE and NSE under SEBI Listing Regulations.

Acquisition Details

The acquisitions involved two separate transactions, both completed through cash considerations at arm's length pricing:

Target Companies Profile

Ek Design Industries Limited operates as a subsidiary of EFC (I) Limited, specializing in manufacturing wood and metal-based furniture products. The company operates from a factory located in Pune spanning 3 acres of land and was incorporated on February 18, 2024. The acquisition has increased EFC's control over this furniture and fixtures manufacturing entity.

Forty Two Ventures Limited previously functioned as an associate company engaged in real estate as a service business. Incorporated on March 4, 2025, this entity has now become a wholly-owned subsidiary following the complete acquisition of the remaining stake. Both entities maintain their operational presence in India.

Regulatory Compliance

The acquisitions were conducted in accordance with Regulation 30(6) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Both transactions qualify as related party transactions, with EFC (I) Limited confirming that no promoter, promoter group, or group companies have any additional interest in either acquired entity beyond the disclosed shareholdings.

Strategic Impact

The acquisitions represent EFC (I) Limited's strategy to consolidate control over its existing investments. The increased stake in Ek Design Industries strengthens the company's position in the furniture manufacturing segment, while the complete acquisition of Forty Two Ventures provides full control over its real estate services operations. Both transactions required no governmental or regulatory approvals and were completed as planned.

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.