EFC (I) Limited Expands with Two New Pune Real Estate Subsidiaries

EFC (I) Limited has taken a significant step in its real estate portfolio by incorporating two new wholly-owned subsidiaries, EFC Estate Marisoft 3 Private Limited and EFC Estate Marisoft 4 Private Limited, effective May 7, 2026. The Certificates of Incorporation for both entities were issued by the Ministry of Corporate Affairs on the same date, marking a strategic move in the company's expansion plans.

Both subsidiaries have been incorporated in India and are part of the real estate as a service industry. Each subsidiary was subscribed at Rs. 1,000, divided into 100 equity shares of Rs. 10 each, with EFC (I) Limited retaining 100% shareholding in both entities. No regulatory approvals were required for the incorporations, ensuring a smooth and efficient process.

The primary purpose of these subsidiaries is to hold specific floor-level properties within the Marisoft-3 complex in Pune. EFC Estate Marisoft 3 Private Limited is intended to hold or acquire the property situated at the 3rd Floor, West Tower, Marisoft-3, Marie Gold, S. No. 15, Near D Mart, Cybage Tower Road, Kalyani Nagar, Wadgaon Sheri, Taluka-Haveli, District-Pune-411014, within the limits of Pune Municipal Corporation.

On the other hand, EFC Estate Marisoft 4 Private Limited is designed to hold or acquire the property situated at the 4th Floor, West Tower, Marisoft-3, Marie Gold, S. No. 15, Near D Mart, Cybage Tower Road, Kalyani Nagar, Wadgaon Sheri, Taluka-Haveli, District-Pune-411014, within the same municipal limits. Both property acquisitions will be effected through a demerger from EFC Limited, a material wholly-owned subsidiary of EFC (I) Limited.

The disclosure of these incorporations was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Aman Gupta, Company Secretary of EFC (I) Limited, ensuring transparency and compliance with regulatory requirements.

EFC (I) Limited has also informed the stock exchanges about the incorporation of another wholly-owned subsidiary, EFC Estate Wakadewadi 3 Private Limited. This entity was incorporated on May 6, 2026, and is based in India, falling under the real estate as a service industry. The primary business of the subsidiary involves holding or acquiring property situated on the 3rd floor, B Wing/building of the commercial complex known as Godrej Eternia, located in the village of Bhamburda – Shivaji Nagar, Taluka Pune City, District Pune, within the limits of Pune Municipal Corporation.

EFC Estate Wakadewadi 3 Private Limited is also a wholly-owned subsidiary of EFC (I) Limited, with the nature of the consideration for the subscription being cash. The cost of subscription is Rs. 1,000, divided into 100 equity shares of Rs. 10 each. EFC (I) Limited holds 100% of the shareholding in the new entity. The property to be held by this subsidiary will be acquired through a demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited.

The company stated that no specific governmental or regulatory approvals were required for this incorporation, further streamlining the process. The intimation was signed by Aman Kumar Gupta, Company Secretary, on behalf of EFC (I) Limited, ensuring all regulatory requirements were met.

EFC (I) Limited's strategic move to incorporate these subsidiaries reflects its commitment to expanding its real estate portfolio and capitalizing on the growing demand for commercial properties in Pune. These steps are expected to enhance the company's market presence and contribute to its long-term growth and profitability.