Awfis Space Solutions has announced the execution of a Business Transfer Agreement (BTA) following its board of directors' approval for the sale of the company's design and build business division. The transaction involves transferring this business segment to the company's wholly owned subsidiary, Awfis Transform Private Limited, in a deal valued at ₹265.91 million.

Transaction Execution and Timeline

The board meeting held on December 23, 2025, resulted in the formal execution of the BTA with Awfis Transform Private Limited. The following table outlines the key parameters of the executed transaction:

Business Performance Metrics

The design and build business represents a significant portion of Awfis Space Solutions' operations. The business unit's performance metrics demonstrate its substantial contribution to the company:

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

Valuation and Pricing Structure

The consideration of ₹265.91 million represents the initial purchase price determined through a valuation report obtained under Section 50B of the Income Tax Act 1961. The final purchase price will be determined based on an updated valuation report to be obtained by March 31, 2026, with the reference date as the closing date defined under the BTA.

Shareholder Approval Process

The transaction remains subject to shareholder consent, which the company plans to obtain through a postal ballot mechanism. This approach ensures that all shareholders have the opportunity to participate in the decision-making process for this significant corporate action involving a related party transaction conducted at arm's length basis.

Strategic Rationale

The company has outlined its rationale for this slump sale 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 undertaking on a going concern basis.

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.