EFC (I) Limited incorporated a new wholly-owned subsidiary, EFC Estate Wakadewadi 2 Private Limited, on April 29, 2026.
The subsidiary was acquired for a cash consideration of ₹1,000, representing 100 equity shares of ₹10 each.
The subsidiary's purpose is to hold/acquire a specific commercial property in Pune, Maharashtra, as part of a demerger from EFC Limited.
This intimation is a mandatory disclosure under SEBI Listing Regulations, specifically Regulation 30.