EFC (I) Ltd Emberstone SM REIT Receives SEBI Registration

EFC (I) Limited, through its wholly-owned step-down subsidiary, EFC REIT Private Limited, has obtained SEBI registration for EMBERSTONE SM REIT as a Small & Medium Real Estate Investment Trust (“SM REIT”), in terms of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (“REIT Regulations”).

On 29 October 2024, SEBI has granted registration to EMBERSTONE SM REIT (registration no. IN/SM-REIT/24-25/0003) as a SM REIT and accordingly EMBERSTONE SM REIT shall be eligible to make an initial offer for units of its first scheme for an amount of up to INR 500 crores. As an investment manager of EMBERSTONE SM REIT, EFC REIT Private Limited will oversee investments raised through the initial offer and manage the acquisition and operation of commercial real estate assets in terms of the REIT Regulations.

EFC Group, a pioneer in the managed office space sector, is the only fully integrated real estate service provider of its kind in India. This development will significantly expand the EFC Group’s Assets Under Management (AUM) and its managed office space portfolio across the country, positioning the company for accelerated growth.

As India’s first SM REIT managed by a managed office space operator, EMBERSTONE SM REIT marks a transformative milestone in the Indian real estate investment landscape.

The launch of EMBERSTONE SM REIT underscores EFC Group's commitment to innovation and excellence in the real estate sector. With its pioneering approach and dedication to scalable, flexible office spaces, EFC Group is set to redefine the market and create long-term value for its investors, partners, and stakeholders across India.

The planned initial public offer of the first scheme of EMBERSTONE SM REIT will be a testament to EMBERSTONE SM REIT’s commitment to setting new standards and transforming the market for flexible, scalable office spaces.

EFC has reported a growth of 230.26 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax stood at Rs 36.56 crore in Q2 FY25 as against Rs 11.07 crore it registered in the corresponding quarter of the previous fiscal. The company's net consolidated total income stood at Rs 171.08 crore in Q2 FY25, a growth of 72.93 per cent from Rs 98.93 crore it recorded in the similar quarter last year.