EFC (I) Ltd Progresses with Demerger Plan

NCLT Mumbai Bench has officially fixed November 27, 2026, as the date for the final hearing regarding the scheme of arrangement.
The company is now executing statutory requirements following the NCLT order issued on October 22, 2026.

Reader Takeaway: The demerger process moves closer to finality with an NCLT hearing set for late November 2026.

What just happened

EFC (I) Limited has received a formal update from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, concerning the proposed demerger of its wholly-owned subsidiary, EFC Limited. The tribunal has scheduled the final hearing for the petition on November 27, 2026. This follows the court's earlier order dated October 22, 2026, which set the wheels in motion for the final stage of the restructuring.

Why this matters

The demerger represents a major corporate restructuring for the company. Moving to the final hearing stage indicates that the legal and procedural requirements are approaching completion. For shareholders, this marks the transition from the planning phase to the final regulatory sign-off required to make the scheme effective.

Procedural requirements

To comply with the NCLT directives, EFC (I) Ltd must now fulfill several mandatory procedural steps ahead of the November hearing:

• Issue statutory notices via Form CAA3 to key regulators, including the Income-tax authorities, SEBI, and the RBI.
• Publish hearing notices in Financial Express and Navshakti at least 10 days before the hearing.
• Update the company website with the relevant notices and a copy of the finalized Scheme of Arrangement.

What to track next

Investors should closely watch for any updates from the November 27 hearing. The outcome of this meeting will provide clarity on the timeline for the effectiveness of the demerger and any specific directives issued by the NCLT.