The reviewed notice from EFC (I) Limited details the outcome of the Board of Directors meeting held on August 18, 2026, wherein the company approved the 100% acquisition of Ultrafresh Modular Solutions Limited for a total consideration of Rs. 53,99,98,920, to be discharged via a preferential share swap mechanism involving up to 19,99,996 equity shares at Rs. 270 each.

Ultrafresh Modular Solutions Limited is an established player in India’s modular home solutions segment, offering modular kitchens, wardrobes, and customized furniture with an integrated design-to-installation approach, along with a manufacturing facility in Nalagarh, Himachal Pradesh]. The acquisition is a strategic extension of EFC (I) Limited’s existing furniture manufacturing and design-build operations, creating significant operational synergies, enhancing distribution capabilities, and providing deeper access to the organized modular solutions market. Over the past three financial years, Ultrafresh posted turnovers of Rs. 31.20 crore (FY 2023-24), Rs. 32.49 crore (FY 2024-25), and Rs. 36.32 crore (FY 2025-26)].

EFC (I) Limited operates primarily as a provider of flexible, fully managed office space solutions and corporate interior fit-outs in India. During 2025 and 2026, the company has actively scaled operations, completing the amalgamation of Whitehills Interior Limited, issuing rights shares to fund growth, and securing prominent interior fit-out contracts]. The company maintains strong momentum through robust enterprise client additions and expanding rental and interior segments.

For the annual financial period ending in FY 2025-2026, EFC (I) Limited reported strong revenue of Rs. 485.73 crore, marking a robust 64.64% increase year-on-year, accompanied by net profits of Rs. 81.33 crore]. The company’s recent shareholding pattern reflects institutional backing and prominent investors, including institutional funds like Bandhan Small Cap Fund and Authum Investment and Infrastructure Limited].