EFC (I) Limited to Acquire 100% Stake in Ultrafresh Modular Solutions for ₹54 Crore
EFC (I) Limited will acquire 100% of Ultrafresh Modular Solutions Limited for ₹54 Crore via a share swap. The deal aims to enhance EFC's furniture and design business. Ultrafresh, a modular solutions provider, reported ₹36.32 crore turnover in FY26. The acquisition is expected to be completed by October 31, 2026, subject to shareholder approval.
The acquisition of a 100% stake in another company for ₹54 crore is a significant corporate action that will likely impact the company's business operations and market position.
The acquisition is strategic, aimed at strengthening the company's business and creating synergies, indicating a positive outlook.
EFC (I) Limited has entered into a Share Purchase Agreement to acquire a 100% equity stake in Ultrafresh Modular Solutions Limited ("Ultrafresh"), subject to the completion of certain conditions precedent.
Ultrafresh is a 51% subsidiary of TTK Prestige Limited and is an established player in India's modular home solutions segment, offering modular kitchens, wardrobes, and customized modular furniture. The brand operates with an integrated approach covering design, manufacturing, supply, and installation. Ultrafresh also owns a manufacturing plant in Nalagarh, Himachal Pradesh.
The acquisition is intended to strengthen and scale EFC (I) Limited's existing furniture manufacturing and Design & Built solutions business. It is expected to create operational and business synergies, broaden product offerings, enhance manufacturing and distribution capabilities, and provide greater access to the organized modular home solutions market. The transaction is considered within the broader line of the company's existing business activities.
The consideration for the acquisition will be discharged through a share swap mechanism, involving the issuance of fresh equity shares by EFC (I) Limited. This issuance will be subject to the requisite approval of the company's shareholders and applicable stock exchanges. The cost of acquisition is ₹54 Crore. The last three years' turnover for Ultrafresh Modular Solutions Limited was ₹36.32 Crore in FY 2025-26, ₹32.49 Crore in FY 2024-25, and ₹31.20 Crore in FY 2023-24.
The acquisition is expected to be completed on or before October 31, 2026. The proposed acquisition does not fall under related party transactions, and the transaction has been conducted at arm's length.
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EFC (I) Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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