Awfis Space Solutions Executes Addendum to Business Transfer Agreement with ATPL

Awfis Space Solutions Limited has executed an addendum to its Business Transfer Agreement (BTA) with Awfis Transform Private Limited (ATPL) on March 24, 2026. The addendum introduces provisions for determining the final purchase price of the Business Undertaking based on an updated valuation methodology.

Key Details of the Addendum

The addendum executed between Awfis Space Solutions as the Seller and ATPL as the Purchaser establishes a framework for determining the Final Purchase Price. The key provisions include:

Parameter	Details
Execution Date	March 24, 2026
Parties	Awfis Space Solutions Limited (Seller) and Awfis Transform Private Limited (Purchaser)
Key Provision	Determination of Final Purchase Price based on updated valuation
Valuation Reference Date	Closing Date of the transaction

Regulatory Compliance and Previous Disclosures

This disclosure has been made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this addendum is in continuation of its earlier disclosures made on multiple dates:

November 11, 2025
December 23, 2025
January 23, 2026
February 26, 2026

The company confirmed that all requisite information required under SEBI regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 had already been disclosed to the stock exchanges during these earlier communications.

Updated Valuation Methodology

The addendum specifically addresses the determination of the Final Purchase Price through an updated valuation report. This valuation will be obtained by the company with the reference date set as the Closing Date of the transaction, ensuring that the final consideration reflects the most current assessment of the Business Undertaking's value.

Future Communications

Awfis Space Solutions has committed to keeping the stock exchanges informed of any further developments regarding this business transfer transaction. The company maintains transparency through regular updates on its investor relations website, where additional information about this transaction is available.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.20%	+2.35%	-11.65%	-54.91%	-60.56%	-38.75%

Awfis Space Solutions has officially announced crossing the 100-centre milestone across South India, marking a significant achievement in its regional expansion strategy. The flexible workspace provider's southern portfolio now spans more than 3.10 million square feet of chargeable workspace area, with total seat capacity exceeding 70,000 seats across Bengaluru, Hyderabad, Chennai, and Kochi.

Regional Expansion Achievement

The company's South India operations represent a substantial infrastructure footprint, with centres strategically positioned across prime commercial hubs, IT parks, and business districts. Bengaluru emerges as the largest market, followed by Hyderabad and Chennai, reflecting sustained corporate demand for flexible workspace solutions.

Parameter:	Details
Total Centres:	100+ (operational and under fit-out)
Workspace Area:	3.10+ million sq ft
Total Seats:	70,000+
Key Markets:	Bengaluru, Hyderabad, Chennai, Kochi

Client Portfolio and Market Presence

Awfis currently serves over 3,400 clients across India, with a well-diversified client composition. The company has recorded strong traction from Global Capability Centres, hosting premium GCC clients including ABC Fitness, Meltwater, and Zinnov across its Elite and Gold centres in Bengaluru and Hyderabad.

Client Segment:	Contribution
MNCs:	64%
SMEs and Mid-sized Corporates:	25%
Start-ups and Entrepreneurs:	11%
GCC Clients:	80+ unique clients
GCC Revenue Share:	21% of rental revenue

Management Commentary

Commenting on the milestone, Amit Ramani, CMD of Awfis Space Solutions Limited, stated, "Crossing the 100-centre milestone across South India reflects the strong structural demand we are witnessing for flexible, premium workspaces in the region. Cities like Bengaluru, Hyderabad, and Chennai have become global hubs for technology, innovation, and Global Capability Centres, and we are proud to be enabling this growth through our Elite and Gold centres."

Strategic Positioning

South India has emerged as a pivotal hub for GCC-led office demand, with the region's cities collectively driving significant national GCC absorption and leasing activity. The company's client base in the region is predominantly comprised of AI-led and technology companies. Awfis has delivered approximately 3.00 lakh square feet of design and build space across South India, enabling customised, enterprise-grade workspace environments.

Nationally, Awfis operates over 250 centres across 18 cities, offering more than 175,000 seats, positioning itself as India's largest flexible workspace solutions provider.