EFCIL Board approves demerger of subsidiary managed office business

EFC (I) Limited's Board approved a Scheme of Arrangement to demerge the asset-light managed office solutions business (operated through leased premises) of its wholly owned subsidiary EFC Limited into itself. The demerged undertaking had a turnover of about INR 362 crores (34.92 percent of consolidated turnover) for FY26. No share exchange ratio applies since EFCIL holds 100 percent of the subsidiary, and no change in shareholding pattern is envisaged. Subject to NCLT Mumbai and other regulatory approvals.