NewsEFC (I) Limited Converts ₹15 Crore Loan into Compulsory Convertible Debentures in SubsidiaryEFC (I) Limited Converts ₹15 Crore Loan into Compulsory Convertible Debentures in Subsidiary
EFC (I) Limited has converted an existing ₹15.00 crore unsecured loan into 150 Compulsory Convertible Debentures in its wholly owned subsidiary EFC Limited, with each CCD valued at ₹10.00 lakh and carrying 0.001% interest. The subsidiary operates in the managed office and co-working space sector and has shown strong revenue growth from ₹119.18 crores in FY 2022-23 to ₹352.72 crores in FY 2024-25. This transaction represents an internal financial restructuring conducted at arm's length under SEBI regulations, with no additional regulatory approvals required.
*this image is generated using AI for illustrative purposes only.
EFC (I) Limited has converted an existing unsecured loan of ₹15.00 crores into Compulsory Convertible Debentures (CCDs) in its wholly owned subsidiary EFC Limited. The transaction, announced on January 22, 2026, involves the allotment of 150 fully paid-up CCDs with a face value of ₹10.00 lakh each.
Transaction Structure
The conversion represents a restructuring of existing financial arrangements between the parent company and its subsidiary. The CCDs carry an interest rate of 0.001% and have been issued at par value against the conversion of the unsecured loan.
| Parameter: | Details |
|---|---|
| Number of CCDs: | 150 |
| Face Value per CCD: | ₹10.00 lakh |
| Interest Rate: | 0.001% |
| Total Value: | ₹15.00 crores |
| Transaction Type: | Loan conversion |
Subsidiary Profile
EFC Limited operates as a managed workspace company, providing workspace-as-a-service to enterprises and startups. The subsidiary focuses on offering flexibility, speed, security, and contemporary workplace experiences while enhancing asset value for occupiers.
Financial Performance
EFC Limited has demonstrated consistent revenue growth over the past three years, establishing itself as the highest revenue-generating vertical of the parent company.
| Financial Year: | Turnover |
|---|---|
| FY 2024-25: | ₹352.72 crores |
| FY 2023-24: | ₹227.72 crores |
| FY 2022-23: | ₹119.18 crores |
Capital Structure
The subsidiary maintains a focused capital structure with authorized share capital of ₹4.00 crores, divided into equity shares and cumulative preference shares.
| Capital Component: | Details |
|---|---|
| Authorized Share Capital: | ₹4.00 crores |
| Paid-Up Share Capital: | ₹6.25 lakh |
| Equity Shares: | 62,500 shares of ₹10 each |
| Date of Incorporation: | February 19, 2014 |
Regulatory Compliance
The transaction has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the conversion is conducted at arm's length, with EFC Limited being a related party as a wholly owned subsidiary. No additional governmental or regulatory approvals are required for this internal restructuring.
The managed office and co-working space sector continues to represent a core business vertical for the parent company, with this transaction reinforcing the financial structure supporting the subsidiary's operations and growth trajectory.
Historical Stock Returns for EFC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.06% | +4.48% | -4.03% | -6.48% | -40.54% | -47.66% |
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
