EFC (I) Limited has informed the Exchange about incorporation of wholly-owned subsidiaries under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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EFC (I) Limited has announced the incorporation of two new wholly-owned subsidiaries - EFC Estate Marisoft 3 Private Limited and EFC Estate Marisoft 4 Private Limited. The Certificates of Incorporation were received from MCA on May 7, 2026. Both subsidiaries operate in the Real Estate as a service sector. The purpose of these subsidiaries is to hold and acquire properties in Pune (floors in Marisoft-3 building) through a demerger from EFC Limited, which is already a material wholly-owned subsidiary of EFC (I) Limited. Each subsidiary was set up with a capital of Rs. 1,000 (100 equity shares of Rs. 10 each), with 100% shareholding held by the parent company.
This is a routine corporate structuring announcement. The creation of separate subsidiaries for specific properties could enable better asset management and future monetization. The actual demerger details and any impact on shareholders would require a separate scheme filing with NCLT.