EFC (I) Limited Launches New Real Estate Subsidiary in Pune
EFC (I) Limited, a leading real estate company, has announced the incorporation of EFC Estate Wakadewadi 3 Private Limited as a wholly-owned subsidiary on May 6, 2026. This new entity will hold real estate property in Pune, specifically a property situated on the 3rd floor, B Wing/building of the commercial complex known as Godrej Eternia. The property is located in the village of Bhamburda – Shivaji Nagar, Taluka Pune City, District Pune, within the limits of Pune Municipal Corporation.
The subsidiary, EFC Estate Wakadewadi 3 Private Limited, is registered in India and operates in the real estate as a service industry. The primary business of the subsidiary will involve holding or acquiring the specified property. The cost of subscription for the new entity 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 will be acquired through a demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited. According to the company, no specific governmental or regulatory approvals were required for this incorporation. The intimation was signed by Aman Kumar Gupta, Company Secretary, on behalf of EFC (I) Limited, and communicated to the stock exchanges on the same date.
EFC (I) Limited has also incorporated another wholly-owned subsidiary, EFC Estate Wakadewadi 1 Private Limited, with the Certificate of Incorporation received from the Ministry of Corporate Affairs on May 6, 2026. This subsidiary will hold or acquire property situated at the 1st floor, B Wing/building of the commercial complex known as Godrej Eternia, 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. This property will also be acquired through a demerger from EFC Limited.
The key details of the incorporation of EFC Estate Wakadewadi 1 Private Limited are as follows: - Name of Subsidiary: EFC Estate Wakadewadi 1 Private Limited - Date of Incorporation: May 6, 2026 - Country of Incorporation: India - Holding Company: EFC (I) Limited - Relation with Listed Entity: Wholly-owned subsidiary - Industry: Real estate as a service - Nature of Consideration: Cash - Cost of Subscription: Rs. 1,000 (100 equity shares of Rs. 10 each) - Shareholding by Listed Entity: 100% (100 equity shares of Rs. 10 each) - Regulatory Approvals Required: Not Applicable
The intimation for the incorporation of both subsidiaries was signed by Aman Gupta, Company Secretary of EFC (I) Limited, and submitted to both BSE Limited and the National Stock Exchange of India Limited on May 6, 2026. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. EFC (I) Limited is registered at 6th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra.
EFC (I) Limited is committed to expanding its real estate portfolio and leveraging strategic acquisitions to enhance its market presence. The incorporation of these new subsidiaries is a significant step towards achieving this goal and aligns with the company's long-term growth strategy.
