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.

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.

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.

Awfis Space Solutions Limited has formally disclosed to stock exchanges the extension of its Design and Build Business slump sale transaction timeline. The Board of Directors, in a meeting held on February 26, 2026, approved extending the completion deadline from February 28, 2026 to the end of calendar year 2026.

Regulatory Disclosure and Timeline Extension

The company made the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, continuing from earlier disclosures made following Board meetings on November 11, 2025 and December 23, 2025, and postal ballot results dated January 23, 2026.

Reasons for Extension

The extension comes as a result of various operational challenges that have elongated the completion process. The company cited several factors necessitating the timeline adjustment:

Business Operations and Valuation Updates

Awfis Space Solutions will maintain normal business operations for the Design and Build Business undertaking throughout the extended timeline. The company emphasized that it will continue to operate the business in the ordinary course until the revised completion date.

The consideration for the sale will be determined based on an updated valuation report to be obtained by the company in accordance with all applicable laws, with the reference date of valuation being the revised completion date of the transaction.

Board Authorizations

The Board of Directors has granted comprehensive authorization to company officials to facilitate the transaction completion, including authority to undertake all necessary actions and carry out appropriate amendments to the Business Transfer Agreement as required.

Corporate Information

The disclosure was signed by Company Secretary and Compliance Officer Shweta Gupta (M. No. F8573) and will be available on the company's website at awfis.com under investor relations. The company has committed to keeping stock exchanges informed of any further developments regarding the transaction.