EFC (I) Limited has informed the Exchange about EFC (I) Limited has informed the Exchange about incorporation of wholly-owned subsidiary under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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EFC (I) Limited has incorporated a new wholly-owned subsidiary named EFC Estate Wakadewadi 3 Private Limited, with the Certificate of Incorporation received on May 6, 2026. The subsidiary is in the real estate as a service industry. The new entity will hold or acquire commercial property (3rd floor, B Wing in Godrej Eternia, Pune) through a demerger from EFC Limited, which is another material wholly-owned subsidiary of the company. The incorporation cost was Rs. 1,000 (100 equity shares of Rs. 10 each), with EFC (I) Limited holding 100% stake. No governmental or regulatory approvals were required for this incorporation.
This is a routine corporate structuring exercise. The creation of a dedicated subsidiary for specific real estate assets may simplify future transactions or enable better asset-level accounting, but has no immediate material impact on the listed entity's financials or shareholding structure.