EFC (I) Limited Shareholders Approve Alteration in Memorandum of Association

EFC (I) Limited has announced that its shareholders have approved the alteration of the Object Clause of the Memorandum of Association (MOA) of the Company. This approval was formalized through a Special Resolution passed via Postal Ballot on August 29, 2026.

The amendments include the insertion of new sub-clauses (3 to 5) under Clause III [A] of the MOA. These new clauses significantly expand the company's business scope to include a wide range of real estate activities such as developing, leasing, and managing managed office spaces, flexible workspaces, co-working spaces, business centers, and serviced offices. The amendments also encompass the business of planning, designing, construction, and turnkey execution of various types of projects including residential, commercial, and infrastructure, along with providing consultancy and related services. Furthermore, the company will now be involved in the designing, manufacturing, and trading of furniture, modular systems, building materials, and related products.

Additionally, the sub-clauses under Clause III [B], which relate to objects incidental or ancillary to the main objects, have been renumbered independently from Serial No. 1, without any change in their substance or content. The company has submitted this information to the BSE Limited and the National Stock Exchange of India Limited.