NSEPress Release13 Aug 2026 · 13 Aug 2026, 12:35 pm

Press Release

EFC (I) Limited · EFCIL

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EFC (I) Limited has announced the acquisition of 100% stake in Ultrafresh Modular Solutions Limited, a 51% subsidiary of TTK Prestige Limited, to strengthen its furniture manufacturing and Design & Build businesses.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment9/10

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Full Announcement

EFC (I) Limited has informed the Exchange regarding a press release dated August 13, 2026, titled "EFC (I) Limited to Acquire 100 percent Stake in Ultrafresh Modular Solutions Limited".

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EFCILTD_13082026123502_Intimation_of_Press_Release.pdf

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August 13, 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.: Press release: EFC (I) Limited to Acquire 100% Stake in Ultrafresh Modular Solutions Limited. Dear Sir/ Ma’am, In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we are pleased to submit herewith a Press Release regarding the proposed acquisition of 100% equity shareholding in Ultrafresh Modular Solutions Limited (“Ultrafresh”) pursuant to the Share Acquisition Agreement entered into in this regard, subject to the fulfilment of the conditions precedent and other terms and conditions stipulated under the Agreement. The press release provides comprehensive details on the matter. 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 EFC (I) Limited to Acquire 100% Stake in Ultrafresh Modular Solutions Limited EFC strengthens its Furniture and Design & Built vertical with a strategic acquisition Pune, August 13, 2026: EFC (I) Limited (“EFC” or the “Company”), a Real-estate-as-a-Service (REaaS) Company operating across managed office spaces, Design & Build (D&B) Turnkey Solution and furniture manufacturing, is pleased to announce that it has entered into a Share Acquisition Agreement to acquire 100% stake in Ultrafresh Modular Solutions Limited (“Ultrafresh”), subject to fulfilment of the conditions precedent under the agreement. The acquisition marks a strategic and inorganic expansion for EFC’s furniture manufacturing and D&B businesses, strengthening EFC’s manufacturing capabilities with Ultrafresh’s established production facility for modular furniture solutions in North India. Ultrafresh: An Established Modular Furniture Solutions Brand Ultrafresh Modular Solutions Limited (“Ultrafresh”), a 51% subsidiary of TTK Prestige Limited, is an established player in India’s modular solutions segment, with a 25-year industry presence. The Company offers modular kitchens, wardrobes and other customised modular furniture solutions through an integrated model spanning design, manufacturing, supply and installation, with a strong focus on quality, functionality, customisation and contemporary design. Ultrafresh owns fully operational manufacturing facility at Nalagarh, Himachal Pradesh, and a dedicated design and execution team. Its factory-manufactured and professionally installed modular solutions positions Ultrafresh to address the growing demand for modular furniture solutions in India. Strategic Fit with EFC The proposed acquisition is a natural extension of EFC’s existing furniture manufacturing and Design & Build businesses. Ultrafresh’s modular kitchens, wardrobes and customised interior solutions are complementary to EFC’s existing product and service offerings. The acquisition will combine EFC’s manufacturing, supply-chain and Design & Build capabilities with Ultrafresh’s dedicated design and execution team, and manufacturing facility at Nalagarh, Himachal Pradesh. Ultrafresh’s manufacturing presence in North India will also provide EFC with a strategic regional footprint and strengthen its manufacturing and distribution capabilities. The combination is expected to create synergies across design, manufacturing, supply, installation and customer reach, while expanding EFC’s product portfolio and strengthening its presence in the organised modular solutions market. Commenting on the proposed acquisition, Mr. Umesh Sahay, Charman & Managing Director, EFC (I) Limited, said: 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 “The acquisition of Ultrafresh marks an important step in the expansion of EFC’s existing Real Estate as a Service platform. It strengthens our established furniture manufacturing and Design & Build businesses while adding a strong modular solutions platform to our portfolio. Ultrafresh’s design capabilities and manufacturing presence in North India complement EFC’s existing capabilities and provide a strong foundation to expand our furniture and interior solutions business across markets.” About EFC (I) Limited Founded in 2014 by first-generation entrepreneur Mr. Umesh Sahay, EFC (I) Limited is a listed Real Estate as a Service (REaaS) company, headquartered in Pune and listed on the NSE and BSE. EFC operates across Managed Office Spaces, Design & Build and Furniture Manufacturing. The Company operates 150 centres with 84,000+ seats across 25 cities and serves 780+ reputed Indian and global corporates. Its Design & Build vertical offers end-to-end interior solutions, supported by 85+ designers and engineers, 52+ reputed clients and 5.91 million sq. ft. of designed space till date. Its furniture vertical operates through a state-of-the-art, three-acre furniture manufacturing facility in Pune. For more information, please contact: Mr. Aman Gupta, Compliance Officer at compliance@efclimited.in 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