Awfis Space Solutions submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026 to the National Stock Exchange of India Limited and BSE Limited on August 27, 2026. The filing complies with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The report forms part of the company’s Annual Report for FY26. It is also available on the company’s website under investor relations. Shweta Gupta, Company Secretary and Compliance Officer, signed the submission.

General Disclosures

The listed entity operates primarily in real estate activities, specifically providing co-working space solutions. This segment accounts for 100% of the entity’s turnover. Operations span across 15 states in India, including Maharashtra, Karnataka, Delhi, and Tamil Nadu. There are no international operations or export-linked revenue.

As of the end of FY26, the company employed 731 permanent employees. The workforce comprised 515 males (70.45%) and 216 females (29.55%). No workers were employed in the traditional manufacturing sense.

Employee Turnover Trends

Employee turnover rates saw a significant decline from the previous year. The total turnover rate for permanent employees fell to 39.73% in FY26 from 165.6% in FY25. The company attributed the high turnover rate in FY25 to business transfer activities.

Environmental Metrics

Total energy consumed from non-renewable sources increased to 14,97,86,315.09 Mega Joules in FY26, up from 12,18,43,151.94 Mega Joules in FY25. Despite the rise in absolute consumption, energy intensity per rupee of turnover improved slightly to 0.010079 from 0.010127.

Greenhouse gas emissions also rose. Total Scope 1 emissions reached 5,912.17 metric tonnes of CO2 equivalent, while Scope 2 emissions totaled 29,047.74 metric tonnes of CO2 equivalent. Combined emission intensity per rupee of turnover decreased marginally to 0.0000023525.

Governance and Complaints

The company reported no complaints regarding corporate governance, integrity, or responsible business practices from communities, investors, shareholders, or employees during FY26. However, it received 272 customer complaints, with 4 pending resolution at the close of the year, which were resolved in April 2026.

CSR obligations under Section 135 of the Companies Act, 2013 are not applicable to the entity. The board oversees sustainability-related decision-making directly, without a dedicated committee.

Awfis Space Solutions and Zinnov released a joint report on August 19, 2026, titled "The Great Workplace Reset: How India GCCs are Redefining Work, Workforce, and Workspace." The study maps the transition of India's Global Capability Centers (GCCs) from execution hubs to strategic ownership centers, a shift reshaping hiring, skilling, and real estate decisions across the ecosystem.

India currently hosts 2,117 GCCs operating 3,728 units, generating USD 98.4 billion in revenue for FY26E and employing over 2.36 million professionals. The number of GCCs has grown nearly 32% since FY21, with 506 of the Global 2000 companies now running centers in the country. Adoption has expanded beyond large enterprises to include PE-backed firms, mid-market enterprises, and digital native companies.

Workforce and Workspace Dynamics

The nature of work within these centers has shifted significantly between 2015 and 2026. Commodity and procedure work has declined, while complex problem-solving work grew to 38.1% and cutting-edge R&D work doubled. Almost half of India's GCCs now carry an equal or higher share of frontier work compared with their headquarters. Companies actively building AI products place twice as much cutting-edge R&D work in India as those only adopting third-party AI.

Talent demand is restructuring accordingly, with India's AI/ML talent pool inside GCCs nearly doubling from 122,000 professionals in 2023 to a projected 250,000 in 2026. This makes India the second-largest AI talent market globally after the United States.

Leasing Volume and Sector Concentration

Workspace is increasingly viewed as an operating decision driven by talent, control, speed, flexibility, and brand. In the first quarter of 2026, India recorded its highest-ever quarterly office leasing volume of 20.7 million sq ft. GCCs accounted for 44% of this demand, absorbing 9.1 million sq ft, the most space GCCs have ever taken in a single quarter.

The GCC share of leasing has climbed steadily over three consecutive quarters. Of the total demand, 64% came from three sectors: ecommerce, BFSI, and technology. Seventy-three percent of the demand originated from US-headquartered companies, with 67% concentrated in Bengaluru and Hyderabad.

Flexible Workspace Uptake

Flexible workspace adoption among GCCs mirrors this growth trajectory. GCCs now account for 40 to 45% of enterprise flex seat uptake. The report finds that 67% of GCCs plan to grow flex space beyond a tenth of their real estate portfolio. Case studies included in the report document GCCs scaling from incubation to over 3,000 seats within months using managed and flexible office formats.

Amit Ramani, Chairman and Managing Director of Awfis Space Solutions Ltd., stated that the report validates the company's business trajectory. He noted that strategic mandates involving products, platforms, and AI-led initiatives require workspace that moves as fast as the business, driving preference for flexible and managed office formats.

Nitika Goel, CMO and Managing Partner at Zinnov, observed that the center of gravity for AI work has shifted from invention to industrialisation. This change has rewritten the GCC workforce profile, moving the workspace decision up to a leadership call across talent, control, speed, flexibility, and brand.

Awfis is also the workspace partner for the 19th edition of Zinnov Confluence 2026, marking the second consecutive year of association with the event.