EFC (I) Limited has officially announced the incorporation of a new wholly-owned subsidiary, EFC Estate Wakadewadi 3 Private Limited. This strategic move was disclosed on May 6, 2026, following the receipt of the Certificate of Incorporation from the Ministry of Corporate Affairs. The company informed the stock exchanges under Regulation 30 of the SEBI Listing Regulations to maintain transparency regarding its expanding corporate structure.

The newly formed entity is incorporated in India and will operate within the “Real Estate as a Service” industry. It was established with a cash consideration of Rs. 1,000, consisting of 100 equity shares at Rs. 10 each, all held by EFC (I) Limited. This subsidiary is specifically designed to hold or acquire property on the 3rd floor of the “Godrej Eternia” commercial complex in Pune, which will be transitioned through a demerger from another material subsidiary, EFC Limited.

EFC (I) Limited, founded in 2014 by entrepreneur Umesh Sahay, stands as India’s first listed company in the managed office space sector. Throughout 2025, the company achieved several milestones, including a strategic joint venture with Pepperfry to transform the furniture and logistics industry and the launch of EMBERSTONE SM REIT, India’s first managed office-focused REIT. The company has also been expanding its reach with new general works contracts, such as the project for a Passport Seva Kendra in Pune.

The company reported robust financial growth for the quarter ending December 31, 2025, with revenue reaching Rs. 269 Crores, marking a 52.1% increase compared to the corresponding quarter of the previous year. Net profit for the same period surged to Rs. 62.4 Crores, representing a 54.22% Year-on-Year growth. The company maintains a strong institutional presence, with prominent domestic institutional investors (DIIs) holding approximately 6.35% of the equity as of March 2026.