Description

EFC (I) Limited lists 37.73 million equity shares on BSE following the amalgamation of Whitehills Interior Limited, effective January 8, 2026.

Summary

BSE has approved the listing of 37,730,000 new equity shares of EFC (I) Limited (Scrip Code: 512008) resulting from the amalgamation of Whitehills Interior Limited with EFC (I) Limited. The new shares will commence trading on January 8, 2026, and rank pari-passu with existing equity shares.

Key Points

  • 37.73 million equity shares of Rs. 2/- each face value to be listed
  • Shares issued pursuant to Scheme of Amalgamation with Whitehills Interior Limited (Transferor Company)
  • Trading permitted with effect from January 8, 2026
  • New shares rank pari-passu with existing equity shares
  • ISIN: INE886D01026 (unchanged)
  • Distinctive Numbers: 99553377 to 137283376
  • Allotment date: November 28, 2025

Regulatory Changes

No regulatory framework changes. This is a standard listing notification following completion of a court-approved scheme of amalgamation.

Compliance Requirements

  • Market participants must update their systems to reflect the increased share capital
  • Brokers and depositories should note the new distinctive number range
  • Trading members must ensure proper settlement for the expanded share base

Important Dates

  • Allotment Date: November 28, 2025
  • Listing Date: January 7, 2026
  • Trading Commencement: January 8, 2026
  • Notice Date: January 7, 2026

Impact Assessment

Corporate Impact: EFC (I) Limited’s equity base expands by 37.73 million shares due to the merger with Whitehills Interior Limited. Existing shareholders of Whitehills Interior receive EFC shares as per the approved amalgamation scheme.

Market Impact: Medium impact on stock liquidity and market capitalization. The substantial increase in share count may affect earnings per share calculations and ownership percentages for existing shareholders. Trading participants should adjust position limits and risk calculations accordingly.

Operational Impact: Standard listing process with no disruption to existing trading operations. The ISIN remains unchanged, simplifying the transition for market infrastructure.

Impact Justification

Significant equity dilution of 37.73 million shares from merger but company maintains existing trading status; shares rank pari-passu with existing equity