EFC (I) Ltd — Important, 29-04-2026: Company Update

EFC (I) Limited has successfully incorporated a new wholly-owned subsidiary named EFC Estate Wakadewadi 2 Private Limited. This new entity is established in the real estate sector with the primary purpose of acquiring and holding commercial property in Pune. Specifically, it will secure assets through a demerger from EFC Limited, another material wholly-owned subsidiary. This strategic move expands EFC (I) Limited's real estate portfolio and streamlines its asset holding structure, reinforcing its presence in the Pune market. The company holds 100% of the new subsidiary's shares, with a subscription cost of Rs. 1,000.