Order of NCLT in respect of Scheme of Arrangement (Demerger) is attached herewith.

September 22, 2026 To, To, BSE Limited National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot no. C/1, Dalal Street, Mumbai-400001. G Block, Bandra Kurla Complex, Mumbai-400051. Scrip Code: 512008 NSE Symbol: EFCIL Sub.: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI (LODR) Regulations”). Dear Sir/Ma’am, This is with reference to Scheme of Arrangement (Demerger) between EFC Limited (Wholly Owned Subsidiary) (“Demerged Company” or “EFC”) and EFC (I) Limited (“Resulting Company” or “EFCIL” or “Company”) and their respective shareholders and creditors (“Scheme”) under Section 230 to 232 of the Companies Act, 2013 read with Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016. In this regard, we would like to inform that the Hon’ble National Company Law Tribunal (“Hon’ble NCLT”), Mumbai Bench, vide its order dated September 21, 2026, (“Order”) (uploaded on the website of the Hon’ble NCLT at around 04:30 P.M. (IST) on September 22, 2026), has inter alia: 1. Dispensed with the requirement to convene and hold meetings of the Equity Shareholders of Demerged Company and Resulting Company. 2. Dispensed with the requirement to convene and hold a meetings of the Unsecured Creditors, Secured Creditors of Demerged Company and Resulting Company and CCD Holders of Demerged Company. The Company will take necessary steps to comply with the directions stated in the Order. The Scheme remains subject to applicable regulatory and other approvals. A Copy of the Detailed Order is enclosed herewith and also available on the website of the Company at www.efclimited.in A certified copy of the Order is awaited. Kindly take the same on records. Thanking you, For EFC (I) Limited Aman Gupta Company Secretary Encl.: As above EFC (I) Limited Regd. Office: 6th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra I CIN: L74110PN1984PLC216407 Tel.: 020 2952 0138 I Email Id: compliance@efclimited.in I Website: www.efclimited.in IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-I C.A.(CAA) NO. 160 (MB)/2026 In the matter of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. In the matter of Scheme of Arrangement (Demerger) between EFC Limited ("Demerged Company" or "First Applicant Company'') and EFC (I) Limited ("Resulting Company" or "Second Applicant Company") and their respective shareholders ('Scheme’) In the matter of EFC Limited CIN: U70200PN2014PLC150686 ....First Applicant Company / Demerged Company EFC (I) Limited CIN: L74110PNI1984PLC216407 ....Second Applicant Company / Resulting Company [collectively referred to as the “Applicant Companies”| IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-1 C.A. (CAA) NO.160/MB/2026 Order pronounced on 21.09.2026 Coram: Prabhat Kumar Sushil Mahadeorao Kochey Member (Technical) Member (Judicial) Appearances: For the Applicant Adv. Tanaya Sethi. Companies ORDER 1. The Applicant Companies have filed a Joint Company Application seeking directions from this Tribunal in the Scheme of Arrangement (Demerger) between EFC Limited (‘First Applicant Company/ Demerged Company’) and EFC (I) Limited ("Second Applicant Company / Resulting Company ") and their respective shareholders under Sections 230 to 232 of the Companies Act, 2013 (‘Scheme’) read with Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016 praying for following reliefs: i. Dispensation of the meeting of the Equity Shareholders of the First Applicant Company on the basis of the consent affidavits received from all its Equity Shareholders; ii. Dispensation of the meetings of the Secured Creditors, Unsecured Creditors and CCD holder of the First Applicant Company; iii. ~ Dispensation of the meetings of the Shareholders and Page 2 of 24 IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-1 C.A. (CAA) NO.160/MB/2026 Secured and Unsecured Creditors of the Second Applicant Company; iv. Directions to the Applicant Companies to serve notices under Section 230(5) oft he Act read with Rule 8 of the Rules upon the concerned statutory authorities. To take on record the filing of the Scheme with BSE and NSE; and Vi. Liberty to the Applicant Companies to apply for such other reliefs as this Tribunal may deem fit. 2. Itis submitted that the details of the Applicant Companies are as under: EFC Limited (“EFC” or “First Applicant Company” or “Demerged Company”), bearing CIN U70200PN2014PLC150686, was incorporated on 19.02.2014 under the provisions of the Companies Act, 1956 as a public limited company under the name and style of EFC Land Development and Infrastructure Limited. Its name was subsequently changed to EFC Limited pursuant to a fresh Certificate of Incorporation dated 24.03.2017 issued by the Registrar of Companies, Pune. Its registered office is situated at Unit No. 1,2, 3 and 4, 6th Floor, VB Capitol, S. No. 209(P), CTS Pune, Maharashtra, India — 411007. The First Applicant Company operates in the managed workspace sector and provides fully serviced office environments across owned or leased commercial properties, along with facility management, infrastructure support and administrative services. EFC (I) Limited (“EFCIL” or “Second Applicant Company” or “Resulting Company”), bearing CIN Page 3 of 24 IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-1 C.A. (CAA) NO.160/MB/2026 L74110PN1984PLC216407, was originally incorporated on 07.02.1984 under the provisions of the Companies Act, 1956 as a private limited company under the name and style of Amani Trading and Exports Private Limited. Its name was subsequently changed to EFC (I) Limited pursuant to a fresh Certificate of Incorporation dated 25.07.2022 issued by the Registrar of Companies, Ahmedabad. Its registered office was thereafter shifted to its present address at 6th Floor, VB Capitol Building, Range Hill Road, Bhoslenagar, Shivajinagar, Pune — 411007, Maharashtra, India, pursuant to a Certificate of Incorporation dated 25.11.2022 issued by the Registrar of Companies, Pune. The Second Applicant Company operates in the managed workspace sector, providing fully serviced office environments through leased commercial properties, and also provides turnkey commercial design and build solutions. 3. The First Applicant Company is a wholly owned subsidiary of the Second Applicant Company. 4. The Applicant Companies have approved the Scheme of Arrangement at their respective meetings of the Board of Directors held on 29.07.2026, whereby an undertaking of First Applicant Company is proposed to be hived off and merged with Second Applicant Company. The “Appointed Date” for the purpose of the Scheme means 01.01.2026. 5. Overview of the Scheme: The Scheme is divided into the following parts: Part A : Dealing with definitions of the terms used in Page 4 of 24 IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-1 C.A. (CAA) NO.160/MB/2026 this Scheme and the Share Capital of the Demerged Company and the Resulting Company. Part B : Dealing with the Demerger and vesting of the Demerged Undertaking into the Resulting Company. Part C : Dealing with the Remaining Business of the Demerged Company. Part D : Dealing with the general terms and conditions that would be applicable to the Scheme. 6. "Demerged Undertaking” is defined to mean the business undertaking of the Demerged Company viz asset light model operating through leased commercial premises to provide fully serviced premium managed office solutions to its customers. This undertaking is to be transferred to the Resulting Company on a going concern basis with effect from the Appointed Date, and comprises, inter a/ia, all assets, properties, liabilities, permits, licenses, registrations, approvals, contracts, and employees relating or pertai [Showing first 8,000 characters — download PDF for full document]