Awfis Space Solutions has issued a postal ballot notice seeking shareholder approval for the transfer of its Design and Build Business to wholly owned subsidiary Awfis Transform Private Limited (ATPL). The transaction, valued at ₹265.91 million, follows the execution of a Business Transfer Agreement on December 23, 2025.

Postal Ballot Process and Timeline

The company has initiated the postal ballot process under Regulation 30 of SEBI (LODR) Regulations, 2015, with remote e-voting as the sole method for shareholder participation. The following table outlines the key voting parameters:

Transaction Structure and Valuation

The Business Transfer Agreement involves the complete transfer of the Design and Build Business undertaking on a slump sale basis. The transaction parameters demonstrate the significant scale of this corporate restructuring:

Business Performance Metrics

The Design and Build Business represents a substantial portion of Awfis Space Solutions' operations, contributing significantly to the company's overall performance:

These figures are based on the financial year 2024-25 performance, highlighting the material nature of this divestiture.

Regulatory Compliance and Approval Requirements

The transaction requires shareholder approval under Section 180(1)(a) of the Companies Act, 2013, as the undertaking generates more than 20.00% of the company's total income. The postal ballot notice specifies that the resolution must be passed as a special resolution.

The valuation has been conducted by Mr. Gaurav Sukhija, a registered valuer from Kirtane and Pandit LLP, in accordance with applicable tax and regulatory requirements. The final purchase price will be determined based on an updated valuation report with the closing date as reference.

Strategic Rationale and Impact

The company has outlined its strategic rationale for this corporate restructuring as achieving enhanced operational efficiency, business synergies, and a more focused management structure. The transfer includes all specified tangible and intangible assets, licenses, permissions, personnel, rights, liabilities, and other assets related to the design and build business on a going concern basis.

Since the transaction involves a wholly owned subsidiary, it will have no impact on the consolidated financial position and results of the group, with shareholders remaining the ultimate beneficiaries of the restructured operations.

Awfis Space Solutions has announced the release of a comprehensive research report in collaboration with Anarock, focusing on the growth dynamics of India's managed office space sector. The report, titled 'India Rising', provides detailed insights into the factors driving the expansion of managed office spaces across the country.

Key Research Findings

The collaborative study has identified eight crucial drivers that are contributing to the growth of managed office spaces in India. This research represents a significant effort to understand and document the evolving trends in the country's commercial real estate landscape.

Industry Collaboration

The partnership between Awfis Space Solutions and Anarock demonstrates the industry's commitment to understanding market dynamics through comprehensive research. This collaboration brings together expertise from both the managed office space provider and real estate consultancy sectors.

Market Analysis Focus

The 'India Rising' report specifically examines the managed office space segment, which has become increasingly important in India's commercial real estate market. The identification of eight key growth drivers provides valuable insights for stakeholders in the flexible workspace industry.

Research Impact

This research initiative contributes to the broader understanding of India's evolving workspace requirements and the factors that are shaping the future of commercial real estate in the country. The findings are expected to provide valuable guidance for industry participants and investors in the managed office space sector.