Awfis Space Solutions has provided a regulatory disclosure regarding updates to ongoing GST litigation. The company informed the stock exchanges that it received orders from the GST Department on April 30, 2026, and March 23, 2026, which resulted in the dropping of tax demands for specific financial years. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The litigation was initiated by the Office of the Commercial Tax Officer, Chennai Central, Tamil Nadu, on June 25, 2025. This followed an inspection conducted at the company's premises on November 6, 2024, during which the GST department sought documents and details related to the financial years from FY 2019-20 to FY 2024-25. Initially, the amount involved in the case was reported as Rs.7,61,11,128.

Details of Orders Received

The company has received final orders under Section 74 of the applicable GST Act in the form of DRC-07 for three financial years. These orders have resulted in a significant relief for the company as the previously raised demands have been dropped.

Accordingly, the proceedings against the company stand concluded for these periods, and no demand or liability subsists in respect of the total amount of ₹2,96,64,251 for the aforesaid financial years. The company noted that the orders result in relief and do not have any adverse implications.

Pending Proceedings

While the matters for FY 2019-20, FY 2023-24, and FY 2024-25 have been settled, the litigation continues for other periods. The proceedings with respect to the remaining financial years, specifically 2020-21, 2021-22, and 2022-23, are currently pending with the concerned authority. The total amount involved in the broader case originally encompassed these years as well.

The company addressed the timing of the disclosure, stating that the orders pertained to ongoing proceedings covering multiple financial years. It noted that an assessment was undertaken to evaluate the impact of the order across the relevant periods to ensure the disclosure appropriately reflected the matter in its entirety. The disclosure was submitted on May 4, 2026, following this assessment, with the company characterizing the delay as inadvertent and procedural.

Awfis Space Solutions Limited has scheduled an investor and analyst meeting for April 30, 2026, as part of its regular stakeholder engagement activities. The company filed the requisite intimation with stock exchanges on April 24, 2026, in compliance with regulatory requirements.

Meeting Details

The scheduled investor engagement is structured as follows:

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Shweta Gupta signed the regulatory filing, ensuring compliance with disclosure requirements for investor meetings.

The company has indicated that discussions during the meeting will be based exclusively on publicly available information. This standard practice ensures transparency and compliance with insider trading regulations during investor interactions.

Administrative Notes

Awfis Space Solutions has noted that the meeting schedule may be subject to changes due to exigencies on the part of the host or company. The company maintains its investor relations information on its official website at awfis.com under the investor relations section.

The filing was submitted to both NSE (scrip symbol: AWFIS) and BSE (scrip code: 544181), maintaining transparency across both major stock exchanges where the company's shares are listed.