EFC (I) Ltd — Updates, 11-08-2025: Company Update

EFC (I) Limited has received approval from the NCLT for its Scheme of Amalgamation with Whitehills Interior Limited. The NCLT has directed EFC (I) to convene a meeting of its equity shareholders within 90 days to approve the merger, while dispensing with meetings for Whitehills' shareholders and all unsecured creditors of both companies. This strategic merger aims to unlock significant synergies, optimize resources, and achieve cost savings. EFC (I) will allot 3.77 Cr new equity shares to eligible Whitehills shareholders as part of the scheme, based on a valuation-derived share exchange ratio. The combined net worth stands strong at over ₹478 Cr, ensuring adequate assets to meet all liabilities.