EFC (I) Limited sees major shareholding shift after merger

EFC (I) Limited has disclosed a substantial change in shareholding following the scheme of amalgamation with Whitehills Interior Limited. Effective November 28, 2025, the merger, sanctioned by the National Company Law Tribunal on November 12, 2025, led to the issuance of 3,77,29,230 equity shares of INR 2 each to Umesh Kumar Sahay, Abhishek Narbaria, and Persons Acting in Concert (PACs). This transaction is exempt from an open offer under Regulation 10(1)(d)(ii) of SEBI SAST Regulations.

Before the acquisition, Umesh Kumar Sahay and PACs collectively held 4,52,38,595 shares, representing 45.44% of the total share/voting capital. Post-amalgamation, their aggregate holding increased to 8,29,67,825 shares, equating to 60.44% of the total share/voting capital. The total equity share capital of EFC (I) Limited has risen from INR 19,91,06,752 to INR 27,45,66,752, now consisting of 13,72,83,376 equity shares of INR 2 each.

The acquisition was formally announced on December 2, 2025, to both BSE Limited and the National Stock Exchange of India Limited, fulfilling disclosure requirements under Regulations 29(2) and 10(6) of SEBI SAST Regulations, 2011.