Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for incorporation of wholly-owned subsidiary.
EFCIL · price
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EFC (I) Limited has incorporated a new wholly-owned subsidiary named 'EFC Estate Wakadewadi 1 Private Limited' on May 6, 2026. The subsidiary operates in the real estate as a service industry. The company paid Rs. 1,000 (100 equity shares at Rs. 10 each) for 100% stake in the new entity. The subsidiary will hold or acquire commercial property (1st floor, B Wing in Godrej Eternia, Pune) through a demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited.
This is a routine corporate restructuring activity to hold specific real estate assets under a separate entity. The move may provide operational flexibility and clearer asset segregation, but has no immediate material impact on EFC (I) Limited's financials or shareholding structure.