EFC (I) Ltd, through its subsidiary EFC REIT Private Limited, secured SEBI registration for EMBERSTONE SM REIT as India's first Small & Medium Real Estate Investment Trust (SM REIT) operated by a managed office-space provider. EMBERSTONE SM REIT, with registration no. IN/SM-REIT/24-25/0003, can launch its initial offer for up to INR 500 crore. This milestone boosts EFC's Assets Under Management, aligning with its vision for scalable office spaces. EFC's Q2 FY25 net-profit rose 230.26% to INR 36.56 crore, with total income increasing 72.93% to INR 171.08 crore, reflecting substantial financial growth and market influence.
EFC (I) Ltd, through its wholly-owned step-down subsidiary EFC REIT Private Limited, has received SEBI approval to establish EMBERSTONE SM REIT as a Small & Medium Real Estate Investment Trust (SM REIT) under the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. This approval, granted on October 29, 2024, enables EMBERSTONE SM REIT to initiate its first scheme, offering units with a value of up to INR 500 crores. As the investment manager, EFC REIT Private Limited will be responsible for overseeing capital raised through this initial offering and strategically managing the acquisition and operation of commercial real estate assets, as per REIT Regulations.
EFC Group, recognised as a leader in managed office spaces, distinguishes itself as India's sole fully integrated real estate service provider with a focus on flexible and scalable office solutions. The establishment of EMBERSTONE SM REIT not only represents a critical development for EFC Group but also marks a transformative milestone in the Indian real estate sector. This SM REIT launch broadens EFC's managed office space portfolio and significantly boosts its Assets Under Management (AUM), positioning the group for accelerated growth across the country.
As India's first SM REIT operated by a managed office space provider, EMBERSTONE SM REIT reflects EFC Group's innovative and pioneering approach in the industry. The launch highlights the group's commitment to fostering value-driven, scalable office solutions tailored to meet the dynamic needs of investors and tenants. EMBERSTONE SM REIT aims to set new standards in the industry, advancing a model that combines flexibility with high operational standards, thereby creating enduring value for investors, partners, and stakeholders throughout India.
In addition to this milestone, EFC reported substantial financial growth in the second quarter of fiscal year 2025. The company achieved a remarkable 230.26% increase in net consolidated profit, reaching INR 36.56 crore, compared to INR 11.07 crore in the same quarter of the previous fiscal year. The company's total consolidated income also grew by 72.93%, rising from INR 98.93 crore in Q2 FY24 to INR 171.08 crore in Q2 FY25.
This financial performance highlights EFC Group's strong trajectory and reflects the substantial market demand for flexible and scalable office spaces, further establishing EFC as a key player in the real estate investment and managed office space sectors. Through EMBERSTONE SM REIT, EFC Group remains committed to driving innovative solutions in India's real estate market, while creating meaningful long-term value for its investor base.
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