Acquisition

August 18, 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.: Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 - Acquisition of Ultrafresh Modular Solutions Limited. Dear Sir/Ma’am, In continuation with our intimation dated August 13, 2026 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform that the Board of Directors of the Company at its meeting held on Tuesday, August 18, 2026, have inter‐alia, considered and approved the acquisition of 10,44,783 equity shares constituting 100% of the issued and paid-up capital of Ultrafresh Modular Solutions Limited (“Ultrafresh”) on a fully-diluted basis from its existing shareholders (“Sellers”), under share acquisition agreement. 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 above information on record. 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 Annexure-1 Particulars Details of Acquisition 1 Name of the target entity, details in brief Name: Ultrafresh Modular Solutions Limited such as size, turnover etc.; ("Ultrafresh") About: Ultrafresh is 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 Proposed acquisition does not fall under related party transaction(s) and whether the related party transaction. promoter/ promoter group/ group companies have any interest in the entity None of promoter/promoter group/group being acquired? If yes, nature of interest and companies have any interest in Ultrafresh details thereof and whether the same is Modular Solutions Limited. done at “arm’s length”; The transaction has been done at arm’s length. 3 industry to which the entity being acquired Modular Furniture Solutions. belongs; 4 objects and impact of acquisition (including The acquisition is intended to strengthen and but not limited to, disclosure of reasons for further scale the Company’s existing furniture acquisition of target entity, if its business is manufacturing and Design & Built solutions outside the main line of business of the business. Ultrafresh is engaged in the business listed entity); of 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 proposed acquisition does not require any regulatory approvals required for the specific governmental or regulatory approvals. acquisition; However, since the acquisition is proposed to be undertaken through a share swap mechanism, the issuance of fresh equity shares by the Company as consideration will be subject to the requisite approval of the shareholders of the Company and the applicable stock exchange(s), in accordance with the applicable laws and regulations. 6 indicative time period for completion of the The Company will complete the acquisition by acquisition; allotting equity shares through a preferential issue within 15 days from the date of passing of the shareholders' resolution. Provided that, if the allotment is pending due to any approval(s) or permission(s) from any regulatory authority or body or stock exchange, the Company shall complete the allotment within 15 days from the date of receipt of last such approval(s) or permission(s). The acquisition is expected to be 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 completed on or before October 31, 2026. 7 consideration - whether cash consideration The consideration for the proposed acquisition or share swap or any other form and details will be discharged by way of a share swap. The of the same; Company will issue upto 19,99,996 (Nineteen Lakh Ninety Nine Thousand Nine Hundred and Ninety Six) Equity Shares under the Share Acquisition Agreement in consideration for equity shares of Ultrafresh. 8 Cost of acquisition and/or the price at which Cost of Acquisition – Rs. 53,99,98,920 (Rupees 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 9 percentage of shareholding / control The Company will acquire 10,44,783 equity acquired and / or number of shares shares representing 100% of the issued and acquired; paid-up capital of Ultrafresh on fully-diluted basis. 10 brief background about the entity acquired Brief Background: Please refer point 1 above. in terms of products/line of business acquired, date of incorporation, history of Line of Business: Modular Furniture Solutions. last 3 years turnover, country in which the acquired entity has presence and any other Date of Incorporation – 03/12/1992 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