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Source: scanx.trade
efc has informed the stock exchanges regarding the incorporation of a wholly-owned subsidiary named EFC Estate Wakadewadi 3 Private Limited. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on May 6, 2026.
Details of the New Subsidiary
The newly incorporated entity, EFC Estate Wakadewadi 3 Private Limited, is based in India and falls 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. This property is located in the village of Bhamburda – Shivaji Nagar, Taluka Pune City, District Pune, within the limits of Pune Municipal Corporation.
Shareholding and Financials
EFC Estate Wakadewadi 3 Private Limited is a wholly-owned subsidiary of EFC (I) Limited. The nature of the consideration for the subscription is cash. The cost of subscription is Rs. 1,000, which is divided into 100 equity shares of Rs. 10 each. EFC (I) Limited holds 100% of the shareholding in the new entity.
Sr. No. Particulars Details 1 Name of the entity EFC Estate Wakadewadi 3 Private Limited 2 Date of incorporation May 6, 2026 3 Country of incorporation India 4 Industry Real estate as a service 5 Nature of consideration Cash 6 Cost of subscription Rs. 1,000 (100 equity shares of Rs. 10 each) 7 Percentage of shareholding 100%
Background and Approvals
The property to be held by the 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. The intimation was signed by Aman Kumar Gupta, Company Secretary, on behalf of EFC (I) Limited.
EFC (I) Limited has incorporated a new 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. The development was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to the stock exchanges on the same date.
New Subsidiary Details
The newly incorporated entity, EFC Estate Wakadewadi 1 Private Limited (referred to as 'EFC Wakadewadi 1'), is incorporated in India and belongs to the real estate as a service industry. The subsidiary is set to 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 is to be acquired through a demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited.
Key Incorporation Parameters
The following table summarises the key details of the incorporation as disclosed under Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations:
Parameter: Details 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
Corporate Disclosure
The intimation 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.
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Source: scanx.trade