Copy of Newspaper Notice published for Court Convened Meeting for Scheme of Amalgamation.
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EFC (I) Limited has submitted copies of newspaper notices published on August 15, 2025 in Financial Express (English) and Navarashtra (Marathi) regarding a Court Convened Meeting of its equity shareholders. The meeting has been ordered by the National Company Law Tribunal (NCLT), Mumbai Bench on August 14, 2025, and is scheduled for Monday, September 15, 2025 at 12:30 PM via video conference / other audio-visual means. The purpose is to consider and approve the proposed Scheme of Amalgamation between Whitehills Interior Limited (Transferor Company) and EFC (I) Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013, with an appointed date of April 1, 2024. Shareholders can vote remotely through InstaVote (Link Intime); remote e-voting window runs from September 10 to September 14, 2025. The scheme requires approval of a majority of shareholders representing three-fourths in value to be passed.
Shareholders of EFC (I) Limited need to review the scheme and participate in the e-voting process before the September 15 meeting. Approval will allow the amalgamation with Whitehills Interior Limited to proceed (subject to NCLT sanction), which could reshape the company's structure and asset base. If rejected, the proposed merger will not go ahead.