The Annual Report for the Financial Year 2025-26.

September 8, 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.: Annual Report for the Financial Year 2025-26. Dear Sir/ Ma’am, Pursuant to the Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform that the 42nd Annual General Meeting (“AGM”) of the Company is scheduled to be held on Wednesday, September 30, 2026 at 12:00 P.M. (IST) through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”). Please find enclosed herewith the Annual Report for the Financial Year 2025-26 along with the notice of 42nd Annual General Meeting of the Company, which is being sent through electronic mode to the Members whose email addresses are registered with the Company/ Registrar and Share Transfer Agent (“RTA”)/ Depository Participant(s) (“DP”). Further, pursuant to the Regulation 36(1)(b) of the SEBI Listing Regulations, a letter being sent to the members whose e-mail addresses are not registered with the Company/RTA/DPs, providing a web-link from where the Notice of the AGM and Annual Report can be accessed. The Notice of the 42nd AGM and Annual Report for the Financial Year 2025-26 is also available on the website of the Company at www.efclimited.in. Kindly take the same on records. Yours faithfully 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 Statutory Reports 46 Management Discussion & Analysis 56 Board’s Report 76 Report on Corporate Governance 95 Business Responsibility & Sustainability Report Financial Statements 138 Standalone Financials 207 Consolidated Financials Notice 283 Notice of AGM To read this report online or to download, please visit efclimited.in Corporate Overview 02 Who We Are 06 Geographical Presence 08 Chairman & MD’s Message 10 CFO’s Message 14 Financial and Operational Performance 22 Leasing Vertical 24 Design and Build Vertical 26 Furniture Vertical 28 Strategic Progress and Growth Roadmap 34 Our ESG Transformation Journey EFC’s journey has reached a defining point where growth is 42 Board of Directors & Key Managerial Personnel no longer measured solely by expansion, but by the strength 45 Corporate Information and resilience of the institution it is building. As we continued to scale our integrated Real Estate-as-a-Service platform, we remained equally focussed on strengthening the foundations of sustainable value creation through robust governance, disciplined execution, operational excellence, integrated capabilities and enduring client relationships. Together, these pillars reinforce the resilience of our business model, enhance operating efficiency and strengthen our ability to capitalise on emerging opportunities while delivering consistent and sustainable performance. We believe enduring institutions are built through prudent decision-making, financial discipline and an unwavering commitment to stakeholder value. By strengthening the fundamentals of our business today, we are laying the foundation for an institution that inspires trust, creates lasting value and leaves behind a legacy of resilience, excellence and sustainable growth. Forward-looking Statements Some information in this report may contain forward-looking statements which include statements regarding the Company’s expected financial position and results of operations, business plans and prospects, etc. and are generally identified by forward-looking words such as “believe”, “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will” or other similar words. Forward-looking statements are dependent on assumptions or bases underlying such statements. We have made these assumptions in good faith and believe they are reasonable in all material respects. However, we caution that actual results, performances or achievements could differ materially from those expressed or implied in such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Corporate Overview Statutory Reports Financial Statements R Annual Report 2025-26 Who We Are At EFC (I) Limited, we are reimagining the managed workplace landscape through an integrated platform that combines workspace solutions, design and build expertise, and furniture manufacturing. As a Real Estate-as-a-Service provider, we enable organisations to Vision Mission access agile, scalable and fully managed workplace environments tailored to their evolving needs and long-term growth aspirations. To create the most beautiful, functional To provide our clients with healthy and affordable workspaces in the best of workspaces and create an ecosystem locations. with the tools and services to help them achieve all their business goals, Our integrated ecosystem brings together planning, execution and manufacturing capabilities under a single platform, enabling greater control over quality, timelines and cost efficiencies. This approach enhances operational agility, accelerates project delivery and creates workplaces that support Core Values productivity, collaboration and sustainable business growth. We are committed to ethics, honesty and trustworthiness, while fostering flexibility and transparency in all that we do. 02 03 Corporate Overview Statutory Reports Financial Statements R Annual Report 2025-26 Key Performance Highlights (FY 2026) One Platform - Multiple Engines - Unified Value Creation 10,367 2,347 750+ Mn Mn Our multi-brand strategy brings together specialised brands under a unified Real Estate-as-a-Service platform, enabling integrated solutions across the workspace value chain. Revenue Profit After Tax Clients 58% 67% Building Value through Iconic Brands – From Concept to Completion 4,683 69,863 117 EBITDA Seats Across Sites Under Office Interior Design Managed Offices Furniture Operational Centres Management Enterprise Solutions Hybrid Solutions Business Centres Building Value through Iconic Brands – From Concept to Completion Specialises in innovative, scalable office solutions for entrepreneurs, small to medium- sized enterprises (SMEs), and enterprise clients Excel in creating premium-managed workspaces tailored for enterprises and startups Provides affordable, fully-managed workspaces for teams of all sizes Crafting Premium Commercial Interiors and transforming commercial office spaces into highly functional, modern work environments Designs & Manufactures furniture products across India and overseas 04 05 Corporate Overview Statutory Reports Financial Statements R AAnnnnuuaall RReeppoorrtt 22002255--2266 Geographical Presence New Delhi Noida Gurugram Ahmedabad Kolkata Mumbai & Navi Mumbai Pune Hyderabad Chennai Map not to scale. For illustrative purposes only. 0066 07 Corporate Overview Statutory Reports Financial Statements R Annual Report 2025-26 Chairman & MD’s Message Scaling an Integrated Platform capital-light avenue for generating recurring AUM-based management fees and supporting Our operating footprint expanded during the scalable growth. year to 25 cities, 117 centres and 78,782 Total Dear Shareholders, Seats, with more than 750 clients across sectors. Building for the Next Phase of Growth Enterprise clients accounted for 61% of revenue, As we enter FY 2026-27, we remain focussed on while average enterprise client tenure stood It gives me immense deepening enterprise relationships, expanding at 51 months, demonstrating the depth of our capacity in a measured manner, improving asset pleasure to present c [Showing first 8,000 characters — download PDF for full document]