NCLT sanctions EFC (I) merger scheme with Whitehills Interior

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

EFCIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹307.00

prior close

₹309.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.6% vs market

Diversified Commercial Services peers, median of 69sector-0.6%-1.0% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.0 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.5

15m

-1.6

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-0.1-1.6-0.6-1.0

Next day

-0.7-0.2-0.5-0.7-0.0

-3.6+0.4-4.0-1.0-2.7

-6.5-0.4-6.1-2.2-4.3

-6.2-0.6-5.6-1.6-4.6

-7.4-0.9-6.5-2.7-4.7

-13.8-3.0-10.8-3.6-10.2

15d

-15.8-3.9-11.9-5.8-10.0

-5.2-4.8-0.4-4.9-0.3

-5.6-7.8+2.2-11.4+5.8

-13.7-7.2-6.4-13.9+0.2

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The NCLT Mumbai Bench has sanctioned the Scheme of Arrangement between EFC (I) Limited as the Transferee Company and Whitehills Interior Limited as the Transferor Company, along with their respective shareholders and creditors. The order was pronounced on November 12, 2025 under Sections 230 to 232 of the Companies Act, 2013. A copy of the NCLT order is awaited. This follows prior disclosures dated July 2023, September 2025 and October 2025 regarding the same scheme.

Likely market impact

NCLT clearance paves way for completing the merger of Whitehills Interior into EFC (I). Shareholders await the order copy and effective date.