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EFC (I) Limited Establishes Wholly-Owned Subsidiary for Real Estate Ventures

Published: April 29, 2026 | Category: real estate news
EFC (I) Limited Establishes Wholly-Owned Subsidiary for Real Estate Ventures

EFC (I) Limited has officially incorporated a wholly-owned subsidiary, EFC Estate Wakadewadi 2 Private Limited, with the Certificate of Incorporation received from the Ministry of Corporate Affairs on April 29, 2026. The company informed BSE Limited and National Stock Exchange of India Limited about this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The newly incorporated entity operates in the real estate as a service sector and maintains complete ownership under EFC (I) Limited. The subsidiary was established with an initial capital structure designed for targeted real estate operations.

Subsidiary Details and Structure

| Particulars: | Details | |------------------------|----------------------------------------------| | Company Name: | EFC Estate Wakadewadi 2 Private Limited | | Date of Incorporation: | April 29, 2026 | | Country of Incorporation: | India | | Industry Sector: | Real estate as a service | | Shareholding by Listed Entity: | 100% |

Financial Structure and Investment

The subsidiary's financial framework reflects a focused approach to real estate operations with clear capital allocation and ownership structure.

| Financial Parameters: | Details | |-----------------------|-----------------------------------------------| | Cost of Subscription: | Rs. 1,000.00 (Rupees One Thousand) | | Share Structure: | 100 equity shares of Rs. 10.00 each | | Nature of Consideration: | Cash | | Shareholding Control: | 100% by EFC (I) Limited | | Governmental Approvals: | Not Applicable |

Business Operations and Property Portfolio

EFC Estate Wakadewadi 2 Private Limited will hold and acquire property situated on the 2nd floor, B Wing/building, in the commercial complex known as Godrej Eternia. The property is strategically located on sub-divided Final Plot bearing No. 64/A1, 64/B1, and 64/B2 at village Bhamburda, Shivaji Nagar, Taluka Pune City, District Pune, within the limits of Pune Municipal Corporation. The property acquisition will be executed through demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited.

Regulatory Compliance and Documentation

The incorporation process was completed without requiring governmental or regulatory approvals. EFC (I) Limited's Company Secretary, Aman Gupta, digitally signed the regulatory filing on April 29, 2026, ensuring compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transaction involves cash consideration and establishes EFC (I) Limited's complete operational control over the new real estate entity through 100% shareholding.

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Frequently Asked Questions

1. What is the purpose of EFC Estate Wakadewadi 2 Private Limited?
EFC Estate Wakadewadi 2 Private Limited is a wholly-owned subsidiary of EFC (I) Limited, established to manage real estate operations. It will acquire and hold commercial property in Pune through demerger arrangements.
2. What is the initial capital of EFC Estate Wakadewadi 2 Private Limited?
The initial capital of EFC Estate Wakadewadi 2 Private Limited is Rs. 1,000.00, with 100 equity shares of Rs. 10.00 each.
3. How does the demerger from EFC Limited impact the parent company's asset portfolio?
The demerger allows EFC (I) Limited to streamline its real estate operations by transferring specific assets to the subsidiary, EFC Estate Wakadewadi 2 Private Limited, while maintaining complete control through 100% shareholding.
4. What regulatory compliance was required for the incorporation of the subsidiary?
The incorporation process was completed without requiring governmental or regulatory approvals. EFC (I) Limited ensured compliance with SEBI regulations through digital signing of the regulatory filing.
5. What is the strategic location of the property to be acquired by the subsidiary?
The property to be acquired by EFC Estate Wakadewadi 2 Private Limited is situated on the 2nd floor, B Wing/building, in the commercial complex known as Godrej Eternia, located in Pune, within the limits of Pune Municipal Corporation.