Awfis Space Solutions Extends Design and Build Business Sale Timeline to End-2026

1 min read     Updated on 26 Feb 2026, 10:58 AM
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Ashish TScanX News Team
Overview

Awfis Space Solutions Limited has formally disclosed to stock exchanges the extension of its Design and Build Business slump sale transaction timeline from February 28, 2026 to end of calendar year 2026. The Board approved this extension on February 26, 2026, citing procedural, administrative, and operational requirements that have elongated the completion process.

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*this image is generated using AI for illustrative purposes only.

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.

Parameter: Details
Original Timeline: February 28, 2026
Extended Timeline: End of calendar year 2026
Board Meeting Date: February 26, 2026
Meeting Duration: 10:10 A.M. to 10:40 A.M. (IST)

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:

Factor: Impact
Procedural Requirements: Administrative processes taking longer than anticipated
Operational Considerations: Complex transition-related requirements
Administrative Needs: Extended time needed for regulatory compliance
Transaction Complexity: Elongated completion process

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.

Historical Stock Returns for Awfis Space Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+0.28%-6.47%-27.45%-49.03%-55.16%-29.07%
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Awfis Space Solutions Executes Loan Documentation with ICICI Bank

1 min read     Updated on 25 Feb 2026, 02:47 PM
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Reviewed by
Shriram SScanX News Team
Overview

Awfis Space Solutions Limited executed loan documentation with ICICI Bank Limited on February 25, 2026, to avail credit facilities. The company disclosed this development to NSE and BSE in compliance with SEBI LODR Regulation 30. This execution follows earlier intimations dated November 11, 2025 and February 02, 2026, completing the regulatory process for the banking arrangement.

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*this image is generated using AI for illustrative purposes only.

Awfis Space Solutions Limited has completed the execution of loan documentation with ICICI Bank Limited on February 25, 2026, marking the finalization of credit facility arrangements between the two entities. The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about this development through regulatory filings.

Regulatory Compliance and Documentation

The loan documentation execution has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026, ensuring adherence to updated regulatory guidelines.

Parameter Details
Execution Date February 25, 2026
Banking Partner ICICI Bank Limited
Purpose Credit Facilities
Regulatory Framework SEBI LODR Regulation 30

Previous Intimations and Timeline

The current documentation execution follows a series of regulatory intimations provided by Awfis Space Solutions Limited to the stock exchanges. The company had previously informed the exchanges about the proposed credit facilities through intimations dated November 11, 2025 and February 02, 2026. These earlier communications contained the relevant information required under SEBI LODR Regulations regarding the proposed banking arrangements.

Corporate Communication Details

The regulatory filing was signed by Shweta Gupta, Company Secretary and Compliance Officer, bearing membership number F8573. The digital signature was applied on February 25, 2026 at 10:53:36 +05'30', confirming the authenticity of the disclosure. The company has also made this information available on its investor relations website for stakeholder access.

Company Information

Awfis Space Solutions Limited operates from its corporate and registered office located at C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi – 110016. The company, incorporated with CIN L74999DL2014PLC274236, maintains its investor communications through established channels and continues to ensure regulatory compliance across all material developments.

Historical Stock Returns for Awfis Space Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+0.28%-6.47%-27.45%-49.03%-55.16%-29.07%
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1 Year Returns:-55.16%