Key Transaction Details
TTK Prestige Limited has entered into a Share Acquisition Agreement with EFC (I) Limited to sell its entire controlling 51% stake in its subsidiary, Ultrafresh Modular Solutions Limited. All other shareholders of Ultrafresh are also party to this agreement.
Transaction Timeline
- Agreement Date: August 13, 2026
- Expected Completion Date: On or before October 31, 2026
Financial Consideration
- Sale Consideration: ₹27.54 Crore for the 51% holding
- Payment Method: Consideration is by way of share swap with shares of EFC (I) Limited, not cash
- Valuation Basis: Share swap ratio determined in accordance with the Share Acquisition Agreement based on an independent valuation report
Counterparty Details
- Buyer: EFC (I) Limited
- Status: Publicly listed company incorporated under Companies Act, 2013, listed on BSE Limited and National Stock Exchange of India Limited
- Business: Engaged in Managed Office Solutions, Design & Build (D&B) Turnkey Solutions, and Furniture Manufacturing
- Relationship: Does not belong to promoter/promoter group/group companies of TTK Prestige Limited
Regulatory Classifications
- Related Party Transaction: No, the transaction does not fall within the ambit of Related Party Transaction as defined under Companies Act, 2013 and SEBI LODR Regulations, 2015
- Scheme of Arrangement: Transaction was carried out outside a Scheme of Arrangement through a Share Acquisition Agreement
- Regulation 37A Applicability: Not applicable as the transaction did not involve sale, lease or disposal of the whole or substantially the whole of an undertaking of the Company
Filing Details
- Signing Date: August 13, 2026
#TTKPrestige #SEBIDisclosure #Regulation30 #M&A #SubsidiarySale #Neutral