Acquisition

October 1, 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.: Update on acquisition of Ultrafresh Modular Solutions Limited. Dear Sir/Ma’am, In continuation with our intimations dated August 13, 2026, August 18, 2026 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Company has completed the acquisition of 100% equity stake in Ultrafresh through a share swap. Consequent to the said acquisition, Ultrafresh has become a Wholly Owned Subsidiary of the Company. The details required to be disclosed under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are provided in Annexure-1. 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 Annexure-1 Sr. No. Particulars Details 1 Name of the target entity, details in brief Name: Ultrafresh Modular Solutions Limited such as size, turnover etc.; ("Ultrafresh") About: Ultrafresh was a 51% subsidiary of TTK Prestige Limited. It is an established player in India’s modular home solutions segment, offering modular kitchens, wardrobes and other customized modular furniture. The brand follows an integrated approach encompassing design, manufacturing, supply and installation, with a focus on quality, functionality, customization and contemporary design. With its expanding presence and technology- enabled approach to modular solutions, Ultrafresh is positioned to cater to the growing demand for organised, factory-manufactured and professionally installed home interior products in India. It also owns a manufacturing plant at Nalagarh, Himachal Pradesh. Turnover (in crores): given in point 10 below 2 Whether the acquisition would fall within The acquisition does not fall under related party related party transaction(s) and whether transaction. the promoter/ promoter group/ group companies have any interest in the entity None of promoter/promoter group/group being acquired? If yes, nature of interest companies have any interest in Ultrafresh and details thereof and whether the Modular Solutions Limited. same is done at “arm’s length”; The transaction has been done at arm’s length. 3 Industry to which the entity being Modular Furniture Solutions. acquired belongs; 4 Objects and impact of acquisition The acquisition is intended to strengthen and (including but not limited to, disclosure further scale the Company’s existing furniture of reasons for acquisition of target entity, manufacturing and Design & Built solutions if its business is outside the main line of business. Ultrafresh is engaged in the business of business of the listed entity); modular furnitures including kitchens, wardrobes and customised home interior 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 solutions, which are complementary to the Company’s existing furniture manufacturing and Design & Build operations. The acquisition will enable the Company to leverage its existing manufacturing capabilities, supply-chain infrastructure and design expertise, while integrating Ultrafresh’s product portfolio, brand, design capabilities, market presence, factory strategic presence in North India. It is expected to create operational and business synergies, broaden the Company’s product offerings, enhance manufacturing and distribution capabilities and provide greater access to the organised modular solutions market. Accordingly, the acquisition is within the broader line of the Company’s existing business activities and represents a strategic extension of its furniture manufacturing and interior solutions vertical, with the objective of achieving greater scale, integration and long-term value creation. 5 Brief details of any governmental or The Company has received all requisite regulatory approvals required for the approvals for the acquisition including In- acquisition; principal Approval of BSE Limited and National Stock Exchange of India Limited for Preferential Issue and approval of the members of the company. 6 Indicative time period for completion of The acquisition of 100% stake on fully diluted the acquisition; basis of Ultrafresh is completed. 7 Consideration - whether cash Share swap. consideration or share swap or any other form and details of the same; The Company has issued 19,99,996 (Nineteen Lakh Ninety-Nine Thousand Nine Hundred and Ninety-Six) Equity Shares under the Share Swap Agreement in consideration for equity shares of Ultrafresh. 8 Cost of acquisition and/or the price at Cost of Acquisition - Rs. 53,99,98,920 (Rupees which the shares are acquired Fifty-Three Crore Ninety-Nine Lakh Ninety-Eight Thousand Nine Hundred and Twenty) for 100% stake of Ultrafresh on fully-diluted basis. 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 9 Percentage of shareholding / control The Company has acquired 10,44,783 equity acquired and / or number of shares shares representing 100% of the issued and paid- acquired; up capital of Ultrafresh on fully-diluted basis. 10 Brief background about the entity Brief Background: Please refer point 1 above. acquired in terms of products/line of business acquired, date of incorporation, Line of Business: Modular Furniture Solutions. history of last 3 years turnover, country in which the acquired entity has presence Date of Incorporation – 03/12/1992 and any other significant information (in brief); Last 3 Years Turnover (in crores): FY 2025-26 – Rs. 36.32 FY 2024-25 – Rs. 32.49 FY 2023-24 – Rs. 31.20 Presence and Incorporation: India 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