EFCIL demerger petition faces final NCLT hearing November 27

EFC (I) Limited, referred to as EFCIL, will have its proposed demerger petition involving wholly owned subsidiary EFC heard finally by the National Company Law Tribunal, Mumbai Bench, on November 27, 2026, after the tribunal’s October 22, 2026 order; parties must give notice of support or opposition at least seven working days beforehand.

When will EFCIL’s demerger petition be heard?

EFCIL’s Company Scheme Petition is fixed for final hearing on Friday, November 27, 2026, before the National Company Law Tribunal (NCLT), Mumbai Bench, Court I. EFCIL disclosed the date in its November 15, 2026 filing, which submitted newspaper notices issued pursuant to the NCLT’s October 22, 2026 order.

The proceeding is identified as Company Scheme Petition No. C.P.(CAA)/161/MB/2026, with Company Scheme Application No. C.A.(CAA)/160/MB/2026 cited as the related application. The petition seeks the NCLT’s sanction for a Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.

The November 27 date represents a procedural step after the October 22 order rather than a disclosed approval of the Scheme. EFCIL’s November 15 filing says that the NCLT has fixed the final-hearing date, while the accompanying public notice says the petition is seeking sanction from the tribunal.

What does EFCIL’s proposed demerger cover?

EFCIL’s proposed Scheme is a demerger between EFC, described as the demerged company, and EFCIL, described as the resulting company, together with their respective shareholders and creditors. The November 15 disclosure identifies EFC as EFCIL’s wholly owned subsidiary.

The public notice identifies EFC as the first petitioner company and gives its Corporate Identity Number as U70200PN2014PLC150686. It lists EFC’s registered office at Unit Nos. 1, 2, 3 and 4, sixth floor, VB Capitol, Pune 411007, Maharashtra.

EFCIL is identified as the second petitioner company and has Corporate Identity Number L74110PN1984PLC216407 in the notice. Its office is listed at the sixth floor, VB Capitol Building, Range Hill Road, Bhoslenagar, Shivajinagar, Pune 411007, Maharashtra, placing both petitioner companies at addresses in the same Pune office complex.

The filing does not disclose the appointed date or effective date of the Scheme, nor does it specify a share-entitlement ratio, consideration, or the assets and liabilities proposed to move under the demerger. It also does not state how many creditors or shareholders are covered by the petition, beyond referring to the respective shareholders and creditors of EFC and EFCIL.

How can parties support or oppose EFCIL’s petition?

A person wishing to support or oppose EFCIL’s petition must deliver a written notice to the petitioner companies’ advocate no later than seven working days before the November 27, 2026 final hearing. The notice must be signed by the person concerned or that person’s advocate and must include the sender’s full name and address.

An opposing party must provide the grounds of opposition or a copy of its affidavit along with the notice. The prescribed seven-working-day window applies to both expressions of support and opposition, according to the public notice dated November 15, 2026.

The notice identifies the advocate as Tanya Sethi. It permits soft-copy communication at sethitanaya23@gmail.com and provides a hard-copy address at 307, Ram Nimi Building, third floor, Mandlik Road, Colaba, Mumbai 400005, Maharashtra.

EFCIL’s filing does not disclose whether any shareholder, creditor or other person has submitted an objection or support notice as of November 15, 2026. It also does not state the outcome the NCLT may reach on November 27, because the petition remains listed for its final hearing.

What information is disclosed before EFCIL’s hearing?

A copy of EFCIL’s Company Scheme Petition is available on written request, subject to payment of prescribed charges and a request made no later than seven working days before the November 27, 2026 hearing. The public notice states that the undersigned will furnish the petition copy to a person meeting those conditions.

EFCIL said the final-hearing notices dated November 15, 2026 were published in Financial Express in English and Navshakti in Marathi. The company’s exchange submission was addressed to BSE Limited, where its scrip code is 512008, and National Stock Exchange of India Limited, where its trading symbol is EFCIL.

The materials in the supplied filing establish the parties, legal provisions, petition numbers, hearing date and notice procedure. They do not set out the commercial terms of the Scheme, including any transfer of business operations, employees, contracts, assets, liabilities or post-demerger ownership arrangements.

That distinction is important because the November 15 announcement is a notice of a court process, not a disclosure that implementation has begun. The available route to examine the petition is the written-request process stated in the notice, with the request deadline linked to the November 27 final hearing.

Conclusion

EFCIL has confirmed that its demerger involving wholly owned subsidiary EFC has advanced to the final-hearing stage before the NCLT, Mumbai Bench. The filing’s central development is the November 27, 2026 hearing date, following the tribunal’s October 22, 2026 order, alongside a formal process for supporters and opponents to notify the petitioner companies’ advocate.

The next disclosed event is the NCLT hearing on November 27, 2026, when the petition seeking sanction under Sections 230 to 232 will be considered. Before that date, investors and other interested parties can watch for any support or opposition notices and for further disclosures on the unresolved commercial terms, including the proposed transfer structure and implementation timetable.