51% subsidiary sale completed; consideration received as 10,20,038 equity shares of EFC (I) Limited

Sale of the 51% holding in Ultrafresh Modular Solutions Limited (51% subsidiary) is completed.

Thu 1 Oct 2026

Stake Sold

51% holding in Ultrafresh Modular Solutions Limited (51% subsidiary)

Consideration Shares Allotted

10,20,038 Equity Shares of Rs. 2 each of EFC (I) Limited

Agreement Date

Share Acquisition Agreement dated 13th Aug 2026 with EFC (I) Limited

Transaction Status

Closing of the transaction stands completed; Ultrafresh has ceased to be a Subsidiary of the Company

What the update says

• The company has been allotted 10,20,038 Equity Shares of Rs. 2 each of EFC (I) Limited.
• This allotment is on account of the consideration received for the sale of the 51% holding held by the company in Ultrafresh Modular Solutions Limited, a 51% subsidiary.
• The closing of the transaction stands completed.
• Consequent to the sale, Ultrafresh has ceased to be a Subsidiary of the Company.
• The update refers to the Share Acquisition Agreement dated 13th Aug 2026 entered with EFC (I) Limited, and to an earlier communication dated August 13, 2026.

The numbers at a glance

• 51%: the holding in Ultrafresh Modular Solutions Limited that was sold.
• 10,20,038: the Equity Shares of EFC (I) Limited allotted to the company.
• Rs. 2: the value of each of those EFC (I) Limited equity shares, as printed.

How the transaction is shaped

• The consideration for the sale has come in the form of equity shares of EFC (I) Limited; the update states the allotment was on account of consideration received.
• The company states that the closing of the transaction stands completed.
• Following the sale, Ultrafresh has ceased to be a subsidiary of the company.

What a retail investor can note

• The company no longer holds a 51% stake in Ultrafresh Modular Solutions Limited, as per this update.
• In place of that holding, the company holds 10,20,038 equity shares of Rs. 2 each of EFC (I) Limited.
• The disclosure is an update linked to the company's earlier communication dated August 13, 2026 and confirms the closing of the transaction.

Put simply, a 51% subsidiary has been sold, and the consideration the company received is in the form of 10,20,038 equity shares of the buyer, EFC (I) Limited.

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