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NCLT Mumbai has admitted the demerger scheme petition between EFC Limited and EFC (I) Limited and fixed 27 November 2026 for final hearing. The scheme remains subject to regulatory and other approvals.
EFC (I) Limited received an NCLT order dispensing with the requirement to hold meetings of shareholders and creditors for its Scheme of Arrangement (Demerger).
EFC (I) Ltd has completed the sale of its 100% equity stake in its subsidiary, Sanvritti Alpha Private Limited, for a total consideration of Rs. 39 Crore.
EFC (I) Ltd has entered a Share Acquisition Agreement to acquire 100% equity stake in Ultrafresh Modular Solutions Limited. This acquisition expands its furniture manufacturing and Design & Build capabilities.
EFC (I) Limited has signed a Share Purchase Agreement to acquire 100% equity of Ultrafresh Modular Solutions Limited for ₹54 Crore via share swap.