EFC (I) Limited has announced the allotment of 200 fully paid-up Compulsorily Convertible Debentures (CCDs) of face value ₹10,00,000 each, amounting to a total of ₹20 crore. This allotment to the company’s wholly owned subsidiary, EFC Limited, is against the conversion of an existing unsecured loan into CCDs on an arm’s length basis. This move represents restructuring the subsidiary’s debt into convertible securities, enhancing its financing structure and potentially aiding future growth plans [attached_file:8b407afc-498a-4ea1-80fd-039f6d2f5c36].

The notice details that EFC Limited, incorporated on February 19, 2014, is a fast-growing managed workspace company operating in rental and leasing of office spaces and infrastructure. It has seen significant financial growth over the last three years, with turnovers of Rs. 119.18 crore (FY 2022-23), Rs. 227.72 crore (FY 2023-24), and Rs. 352.71 crore in FY 2024-25. EFC Limited is focused on providing flexible, secure, and contemporary office workspace solutions, serving enterprises and startups. The company is a wholly owned subsidiary of EFC (I) Limited and this conversion is part of a related party transaction conducted on an arm’s length basis [attached_file:8b407afc-498a-4ea1-80fd-039f6d2f5c36].​

EFC (I) Limited, the parent company, is an established leader in managed office spaces and coworking solutions across India, with a growing furniture division and strategic joint ventures such as with Pepperfry to scale furniture manufacturing and logistics. In 2025, EFC Limited has expanded its furniture division, aiming to boost revenue contribution from 3-5% to 10-20% within two years, and secured new contracts including office fit-outs for Passport Seva Kendras. The subsidiary has shown robust revenue growth and infrastructural expansion, including acquisitions and increased operational capacities.​

EFC Limited’s recent financial trajectory demonstrates strong revenue growth, with a turnover of Rs. 352.71 crore in FY 2024-25, up 55% from Rs. 227.72 crore in FY 2023-24, and nearly tripling since FY 2022-23. EFC (I) Limited, its parent, reported strong quarterly growth in FY25-26 Q1 with revenue of Rs. 219.62 crore and a net profit of Rs. 34.41 crore, representing an 11.68% increase in profit QoQ and 127.43% YoY. Notably, famous investor Sunil Singhania acquired a stake in EFC (I) Limited in October 2025, reflecting increased market confidence in the company’s growth potential.​

This strategic conversion of loan into CCDs signals strengthening of the capital structure of EFC Limited, enabling support for its expanding business operations in managed office spaces and furniture division, poised for continued growth in 2025 and beyond.