BSECompany Update13h ago · 27 Oct 2026, 06:24 pm
Hon''ble NCLT has fixed November 27, 2026 as the final date of hearing of the petition of Scheme of Arrangement (Demerger) between EFC Limited and EFC (I) Limited
EFC (I) Ltd · 512008
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EFC (I) Ltd has announced that the Hon'ble NCLT has fixed November 27, 2026 as the final date of hearing of the petition of Scheme of Arrangement (Demerger) between EFC Limited and EFC (I) Limited.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
EFC (I) Ltd - 512008 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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October 27, 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 October 22, 2026, (“Order”) (uploaded on the website
of the Hon’ble NCLT at around 05:00 P.M. (IST) on October 27, 2026), has fixed Friday, November 27,
2026 as the date for final hearing of the Petition.
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
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
NATIONAL COMPANY LAW TRIBUNAL
COURT ROOM NO. 1
MUMBAI BENCH
Item No. 02
C.P.(CAA)/161(MB) 2026 IN C.A.(CAA)/160(MB) 2026
CORAM:
SH. PRABHAT KUMAR SH. SUSHIL MAHADEORAO KOCHEY
HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL)
ORDER SHEET OF THE HEARING ON 22.10.2026
NAME OF THE PARTIES: EFC LIMITED
Section 230- 232 of the Companies Act, 2013
ORDER
C.P.(CAA)/161(MB) 2026 IN C.A.(CAA)/160(MB) 2026
1. Adv. Tanya Sethi for the Petitioners is present.
2. The present Company Petition has been filed in the matter of the Scheme of
Arrangement (Demerger) between EFC Limited ("Demerged Company" or
"First Petitioner Company") and EFC (I) Limited ("Resulting Company" or
"Second Petitioner Company") and their respective Shareholders and Creditors.
3. The Company Petition is filed in accordance with Sections 230-232 and other
applicable provisions of the Companies Act, 2013, and the order passed by this
Tribunal in C.A.(CAA)/160(MB) of 2026 (“said Order”).
4. Heard Learned Counsel for the Petitioner. Section 230(5) of the Companies Act,
2013, and Rule 8 of the Companies (Companies Arrangements and Amalgamation)
Rules, 2016, provide for the issuance of a notice in such petitions. Section 230(5)
and the relevant part of Rule 8 read as follows:
“Section 230. Power to compromise or make arrangements with creditors
and members
(5) A notice under sub-section (3) along with all the documents in
such form as may be prescribed shall also be sent to the Central
Government, the income-tax authorities, the Reserve Bank of India,
the Securities and Exchange Board, the Registrar , the respective
stock exchanges, the Official Liquidator , the Competition
Commission of India established under sub-section (1) of section 7 of
the Competition Act, 2002, if necessary, and such other sectoral
regulators or authorities which are likely to be affected by the
compromise or arrangement and shall require that representations,
if any, to be made by them shall be made within a period of thirty
days from the date of receipt of such notice, failing which, it shall be
presumed that they have no representations to make on the
proposals.
8. Notice to statutory authorities. –
(1) For the purposes of sub-section (5) of section 230 of the Act, the
notice shall be in Form No. CAA.3, and shall be accompanied with a
copy of the scheme of compromise or arrangement, the explanatory
statement and the disclosures mentioned under rule 6, and shall be
sent to. – (i) the Central Government, the Registrar of Companies,
the Income-tax authorities, in all cases; (ii) the Reserve Bank of
India, the Securities and Exchange Board of India, the Competition
Commission of India, and the stock exchanges, as may be applicable;
(iii) other sectoral regulators or authorities, as required by Tribunal.
(2) The notice to the authorities mentioned in sub-rule (1) shall be
sent forthwith, after the notice is sent to the members or creditors of
the company, by registered post or by speed post or by courier or by
hand delivery at the office of the authority.
(3) If the authorities referred to under sub-rule (1) desire to make
any representation under sub-section (5) of section 230, the same
shall be sent to the Tribunal within a period of thirty days from the
date of receipt of such notice and copy of such representation shall
simultaneously be sent to the concerned companies and in case no
representation is received within the stated period of thirty days by
the Tribunal, it shall be presumed that the authorities have no
representation to make on the proposed scheme of compromise or
arrangement.
5. Issue Notice to the Authorities specified in Section 230(5) for submission of
representation, if any. Petitioner(s) are directed to take steps for issuance of Notice
in Form CAA3. Notice be served by all modes, and proof of service be filed.
6. The Petitioner shall, at least 10 days before the date fixed for the hearing, publish
the notice of hearing of the Petition in two Local Newspapers, viz., one in an
English-language newspaper (i.e., Financial Express) and another in a local
vernacular-language newspaper (i.e., Navshakti), having wide circulation in the
area where the registered office and the business of the Company are situated, as
per Rule 7 of the Companies (Compromises, Arrangements and Amalgamations)
Rules, 2016.
7. The Petitioner Companies shall issue notices to the statutory authorities, as
required under Rule 8 of the Companies (Compromises, Arrangements and
Amalgamations) Rules, 2016, stating the date fixed for the hearing.
8. The Petitioner shall host Notices, along with a copy of the Scheme, on their
respective Websites, if any.
9. Subject to the above compliance, it is made clear that the Authorities to whom
notice is sent are required to file a representation, if any, within thirty days from
the date of receipt of notice, failing which it will be presumed that they have no
representation to make on the proposal.
10. Petition is accordingly admitted and fixed for hearing and final disposal on
27.11.2026.
-Sd/- -Sd/-
PRABHAT KUMAR SUSHIL MAHADEORAO KOCHEY
MEMBER (TECHNICAL) MEMBER (JUDICIAL)
Rehan Shaikh