ECL Finance Limited (“ECLF / the Company”), at its Board Meeting held today, has announced the successful completion of the amalgamation of Edelweiss Retail Finance Limited (“ERFL”) with itself, vide the Order of Hon’ble National Company Law Tribunal (“NCLT”), Mumbai Bench, dated September 12, 2025. The Scheme of Amalgamation (“Scheme”) is effective from September 30, 2025, and the Appointed Date for the Scheme was October 1, 2024.

The respective Board of Directors of ECLF and ERFL had approved the proposed scheme of amalgamation on May 30, 2024, and the process is complete after requisite approvals from all stakeholders and authorities including the Stock Exchanges, Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI) and the National Company Law Tribunal (NCLT).

Commenting on the announcement, Rashesh Shah, Chairman, ECL Finance, said, "The amalgamation of Edelweiss Retail Finance with ECL Finance is a significant step in consolidating our lending businesses. This consolidation enables capital optimization, sharpens our focus on MSME lending, and enhances value for customers and stakeholders."

Mr. Ajay Khurana, Managing Director, ECL Finance, said, "The integration of Edelweiss Retail Finance’s offerings – loans against property and business loans to SMEs – into ECL Finance gives us a stronger base in MSME lending. Our focus is to lend to small and medium enterprise units at a quicker pace by leveraging digital tools for faster credit decisions and simplifying processes with clear checks for governance and compliance. By combining these strengths, we can meet the growing credit needs of small and medium enterprises, support their progress, and build a business that lasts."

The rationale and benefits of the proposed amalgamation are as follows:

• Consolidation and Capital Efficiency – Creating a unified entity, reducing the number of NBFCs within Edelweiss, and ensuring optimal utilization of capital under a common governance structure.
• Synergies and Stakeholder Value – Strategic consolidation expected to generate business synergies and enhance value for stakeholders.
• Sharpened MSME Focus – Pooling knowledge and resources to strengthen MSME lending in line with long-term objectives.
• Operational Efficiency – Achieving economies of scale and enhancing organizational and financial efficiencies.

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As of June 30, 2025, ECLF manages total assets under management (AUM) of ₹1,133 crore, with a gross loan book of ₹837.94 crore and a net loan book of ₹807.30 crore. For the Q1FY26, ECLF reported revenue of ₹151.50 crore and a profit after tax (PAT) of ₹4.79 crore.

The Company has a pan-India presence with 26 branches and more than 800 agents/channel partners, along with several bank partners, as of June 30, 2025.