News

EFC (I) Limited completed the sale of its entire 100% equity shareholding in Sanvritti Alpha Private Limited, formerly known as EFC Estate 56 Alpha Private Limited, to Sanvritti Global Private Limited for INR 39 crore. Sanvritti Alpha Private Limited, a wholly owned subsidiary of EFC (I) Limited, contributed a turnover of Rs 221.35 lakhs, constituting 0.21% of the company’s consolidated turnover for fiscal year 2025-26, and had a net worth of Rs (506.56) lakhs, representing (0.62)% of the consolidated net worth as of March 31, 2026. The transaction was structured as an Assets Sale and Lease Back basis, and EFC (I) Limited will continue to operate the assets as Managed/Coworking Office Spaces.

EFC (I) Limited announced it has acquired 100% of the issued and paid-up capital of Ultrafresh Modular Solutions Limited, a modular home solutions company, for Rs 53.99 crore. The acquisition, to be completed by October 31, 2026, will be settled through a share swap involving the issuance of up to 19,99,996 equity shares and is intended to strengthen EFC (I) Limited’s furniture manufacturing and design & build solutions business, leveraging Ultrafresh’s presence in the modular furniture market and manufacturing plant in Nalagarh, Himachal Pradesh.

EFC (I) Limited announced that its board approved the issuance of up to 19,99,996 equity shares with a face value of Rs 2 each to various non-promoter investors, including TTK Prestige Limited, at a price of Rs 270 per share, for a total consideration of Rs 53,99,98,920. The issuance, subject to shareholder and regulatory approvals, will be utilized to acquire a 100% stake in Ultrafresh from the sellers, with valuation reports provided by Mr. Mukesh Kumar Jain and fairness opinion from Rarever Financial Advisors, and independently carried out by Deloitte Touche Tohmatsu India LLP.

EFC (I) Limited will seek shareholder approval for a proposal to issue equity shares through a preferential issue on a private placement basis, the company said in a filing on August 13, 2026, adding that the board will meet on August 18, 2026, to consider the matter and convene an extraordinary general meeting or postal ballot.

EFC (I) Limited announced it has entered into a Share Purchase Agreement to acquire 100% equity stake in Ultrafresh Modular Solutions Limited, a modular home solutions company partially owned by TTK Prestige Limited, for an acquisition cost of Rs 54 crore. The acquisition, expected to be completed on or before October 31, 2026, will be settled through a share swap and is intended to strengthen EFC (I) Limited’s furniture manufacturing and design business, leveraging Ultrafresh’s product portfolio, brand, and market presence in North India. Ultrafresh Modular Solutions Limited reported a turnover of Rs 36.32 crore in fiscal year 2025-26, Rs 32.49 crore in fiscal year 2024-25, and Rs 31.20 crore in fiscal year 2023-24.