EFC India leases 95,897 sq ft Pune office with ₹70 crore potential

EFC (I) Limited has expanded its managed office portfolio in Pune by securing a long-term lease for an entire A+ category building at Koregaon Park Annex. The company took on lease the full structure, comprising 95,897 sq ft, under a 5-year agreement that carries a revenue potential of more than ₹70 crore.

The new facility is expected to add 2,000+ seats to EFC’s managed office seat portfolio. By controlling the entire building, the company aims to optimize space utilization, branding, and customer experience while strengthening its operational efficiency in its home market.

Expansion Details

Metric	Value
Location	Koregaon Park Annex, Pune
Area	95,897 sq ft
Lease Term	5 years
Revenue Potential	> ₹70 crore
Additional Seats	2,000+

Strategic Context

Umesh Sahay, Chairman & Managing Director of EFC (I) Limited, stated that complete control over the premises enables consistent workplace experiences and greater flexibility in configuring spaces for evolving customer requirements. He noted that this expansion follows the recent acquisition of Ultrafresh, which strengthens the company’s Furniture Manufacturing and Design & Build capabilities.

Sahay emphasized that all three core verticals — Managed Office Spaces, Design & Build, and Furniture Manufacturing — are scaling together. This integrated approach is intended to strengthen EFC’s Real Estate as a Service (REaaS) platform and create opportunities for long-term growth.

What the Numbers Show

The lease agreement implies a minimum average annual revenue realization of approximately ₹14 crore based on the disclosed total revenue potential of more than ₹70 crore over the five-year term. This figure represents the baseline financial commitment from the asset, excluding potential upside from higher occupancy rates or ancillary services within the managed office model.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.89%	-6.06%	-11.54%	-30.94%	-48.54%	-48.54%

EFC (I) Limited has scheduled a meeting of its Board of Directors for Tuesday, August 18, 2026, to evaluate a proposal for the issuance of equity shares through a preferential issue on a private placement basis. The company stated that this action is subject to necessary regulatory and statutory approvals, including shareholder consent.

The board will also consider convening an extraordinary general meeting or postal ballot to seek shareholder approval for the proposed issuance. This corporate action follows an intimation dated August 13, 2026, regarding the company's plan to acquire Ultrafresh Modular Solutions Limited.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons of the company and their immediate relatives remains closed from August 13, 2026. It will reopen only after the expiry of forty-eight hours following the publication of the board meeting outcome, unless kept closed for other purposes.