EFC (I) completes 100% Ultrafresh acquisition via share swap
EFCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
EFC (I) has completed 100% acquisition of Ultrafresh Modular Solutions via share swap worth about Rs. 54 crore, issuing 19,99,996 new shares. Ultrafresh is now a wholly owned subsidiary. It makes modular kitchens, wardrobes and custom furniture, with a plant in Nalagarh, Himachal Pradesh. Earlier a 51% unit of TTK Prestige. FY26 turnover Rs. 36.32 cr, up from Rs. 31.20 cr in FY24. Deal extends EFC's furniture and interior solutions business. Not a related party transaction; all approvals received.
Adds modular furniture business and North India plant. Share dilution from new shares issued. Strategic fit with existing operations.