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 , a real estate as a service company, reported robust growth across its three integrated business verticals for Q2 and H1 FY26. The company's performance highlights its successful implementation of an integrated business model spanning managed offices, interior design solutions, and furniture manufacturing.

Financial Highlights

• Revenue Growth: Consolidated revenue from operations in Q2 FY26 reached INR 2,546.00 million, driven by broad-based growth across segments.
• EBITDA Performance: EBITDA improved to INR 1,108.00 million, marking a 40.00% year-on-year increase.
• H1 FY26 Performance: Revenue from operations grew by 76.60% year-over-year, while EBITDA jumped by 69.40%.
• Segment-wise Growth: Rental revenue grew by 61.00% year-over-year, while the interior segment jumped by 74.00%.

Operational Updates

Managed Office Spaces

• Total seats, including those under development, increased to over 68,000.
• Currently managing 3.23 million square feet across 86 sites in 10 cities.
• Achieved 90.00% occupancy rate on operational seats.

Design & Build Segment

• Achieved a turnover of INR 196.00 crores in H1, representing 74.00% year-on-year growth.
• Current order book stands at INR 145.00 crores.

Furniture Segment

• H1 turnover crossed INR 26.00 crores, establishing a firm presence in the market.

Strategic Developments

1. NSE Listing: EFC got listed on the National Stock Exchange on August 20, 2025, expanding its market presence.

2. Retail Leasing Foray: Announced entry into retail leasing with premium showroom and shop spaces in key commercial hubs across India.

3. Property Ownership Strategy:

   • Currently owns 9.00% of total AUM (about 270,000 square feet).
   • Aims to increase ownership to 20.00% of total AUM to improve margins and create appreciation potential.

4. REIT Development: Actively pursuing REIT structures to expand property portfolio and create additional value for investors.

5. International Expansion: Successfully completed over 80.00% shipment of furniture products to Saudi Arabia as part of an international export order.

Management Commentary

Nikhil Bhuta, Whole-Time Director, emphasized the company's integrated business model as a key driver of growth. He stated, "We will continue to explore compelling opportunities and take our company to newer heights."

The management expressed confidence in maintaining strong growth across all verticals, targeting a 50-60% year-on-year growth in the Design & Build segment for the next couple of years.

EFC remains focused on leveraging its integrated real estate as a service business model to drive efficiency, cross-selling opportunities, and sustainable growth across all verticals.

Note: All financial figures are in Indian Rupees (INR).