Key Decisions and Approvals

  • Approved Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026.
  • Statutory Auditors M/s. Mehra Goel & Co. issued an unmodified audit opinion in accordance with Regulation 33(3)(d).
  • Appointed M/s. Dhirubhai Shah & Co. LLP, Chartered Accountants (FRN: 102511W/W100298) as Internal Auditors for FY 2026-27.

Financial Performance Highlights (Standalone)

Income Statement (Year Ended March 31, 2026):

  • Revenue from operations: ₹45,914.79 lakhs (FY25: ₹27,463.03 lakhs)
  • Other income: ₹2,657.68 lakhs (FY25: ₹2,040.32 lakhs)
  • Total income: ₹48,572.47 lakhs (FY25: ₹29,503.35 lakhs)
  • Profit before tax: ₹11,210.48 lakhs (FY25: ₹10,514.49 lakhs)
  • Total tax expense: ₹3,077.03 lakhs (FY25: ₹2,696.99 lakhs)
  • Profit for the year: ₹8,133.45 lakhs (FY25: ₹7,817.50 lakhs)
  • Total comprehensive income: ₹8,029.01 lakhs (FY25: ₹7,894.96 lakhs)
  • Basic EPS: ₹5.92 (FY25: ₹5.69)
  • Diluted EPS: ₹5.92 (FY25: ₹5.69)

Balance Sheet (As of March 31, 2026):

  • Total assets: ₹79,266.07 lakhs (FY25: ₹58,198.74 lakhs)
  • Equity share capital: ₹2,745.67 lakhs (FY25: ₹1,991.07 lakhs)
  • Other equity: ₹51,655.43 lakhs (FY25: ₹44,402.65 lakhs)
  • Total equity: ₹54,401.10 lakhs (FY25: ₹46,393.72 lakhs)
  • Total liabilities: ₹24,864.97 lakhs (FY25: ₹11,805.02 lakhs)

Cash Flow (Year Ended March 31, 2026):

  • Net cash from operating activities: ₹4,545.70 lakhs (FY25: ₹3,721.81 lakhs)
  • Net cash used in investing activities: ₹(10,163.00) lakhs (FY25: ₹(3,046.49) lakhs)
  • Net cash used in financing activities: ₹(4,281.35) lakhs (FY25: ₹(55.51) lakhs)
  • Net decrease in cash: ₹(747.96) lakhs (FY25: ₹69.81 lakhs increase)

Financial Performance Highlights (Consolidated)

Income Statement (Year Ended March 31, 2026):

  • Revenue from operations: ₹1,03,667.96 lakhs (FY25: ₹65,674.26 lakhs)
  • Other income: ₹1,710.99 lakhs (FY25: ₹1,752.21 lakhs)
  • Total income: ₹1,05,378.95 lakhs (FY25: ₹67,426.47 lakhs)
  • Profit before tax: ₹30,892.01 lakhs (FY25: ₹15,984.22 lakhs)
  • Total tax expense: ₹7,426.24 lakhs (FY25: ₹5,506.89 lakhs)
  • Profit after tax: ₹23,465.77 lakhs (FY25: ₹10,477.33 lakhs)
  • Profit attributable to owners: ₹23,155.16 lakhs (FY25: ₹14,211.13 lakhs)
  • Total comprehensive income attributable to owners: ₹23,037.39 lakhs (FY25: ₹14,287.21 lakhs)
  • Basic EPS: ₹16.87 (FY25: ₹10.35)
  • Diluted EPS: ₹16.87 (FY25: ₹10.35)

Balance Sheet (As of March 31, 2026):

  • Total assets: ₹2,67,509.21 lakhs (FY25: ₹1,69,916.87 lakhs)
  • Equity share capital: ₹2,745.67 lakhs (FY25: ₹1,991.07 lakhs)
  • Other equity: ₹77,979.60 lakhs (FY25: ₹55,950.90 lakhs)
  • Total equity: ₹81,368.67 lakhs (FY25: ₹58,105.20 lakhs)
  • Total liabilities: ₹1,86,140.55 lakhs (FY25: ₹1,11,811.67 lakhs)

Cash Flow (Year Ended March 31, 2026):

  • Net cash from operating activities: ₹5,597.03 lakhs (FY25: ₹13,367.86 lakhs)
  • Net cash from investing activities: ₹10,613.49 lakhs (FY25: ₹(11,047.60) lakhs)
  • Net cash used in financing activities: ₹(16,872.04) lakhs (FY25: ₹(6,576.39) lakhs)
  • Net decrease in cash: ₹(661.52) lakhs (FY25: ₹417.78 lakhs increase)

Significant Events and Notes

1. Merger with Whitehills Interior Limited: Pursuant to NCLT Mumbai Bench order dated November 12, 2025 (Company Scheme Petition No. CP (CAA)/217/MB/2025 in CA (CAA)/184/MB/2025), Whitehills Interior Limited merged with EFC (I) Limited effective November 28, 2025. Figures are restated from the beginning of the earliest comparative period using pooling of interest method.

2. Loan Conversion to CCDs: EFC Limited converted an outstanding loan amount of ₹15,00,00,000 (third and final tranche of ₹50,00,00,000 loan) into 150 fully paid-up 0.001% Compulsorily Convertible Debentures (CCDs) with face value of ₹10,00,000 each at par.

3. New Labour Codes: The Government of India's consolidated labour codes effective from November 21, 2025, have been considered for the company's employees with no material impact on FY26 financial statements.

4. Segment Information: The company operates in three reportable segments: Rental, Interior, and Furniture. Segment revenue for FY26: Rental ₹44,301.65 lakhs, Interior ₹17,343.78 lakhs, Furniture ₹19,578.62 lakhs.

5. Subsidiaries Included in Consolidation: 18 subsidiaries including EFC Limited, EFC Tech Space Private Limited, EFC Prime, Sprint workspace, Monarch Workspace, and others.

Internal Auditor Appointment

  • Appointed Dhirubhai Shah & Co. LLP as Internal Auditors for FY 2026-27
  • Date of appointment: May 28, 2026
  • Terms: To conduct internal audit of the company for financial year 2026-27
  • Brief profile: Chartered Accountancy firm with experience in accounts, finance, audit, internal audit and consultancy

Meeting Details

  • Board meeting commenced at 6:30 PM IST and concluded at 10:00 PM IST on May 28, 2026