Awfis Space Solutions Limited has successfully obtained shareholder approval for the sale and transfer of its Design and Build Business to its wholly owned subsidiary through a postal ballot process. The special resolution was passed with overwhelming support, demonstrating strong shareholder confidence in the proposed corporate restructuring.

Postal Ballot Results

The postal ballot process concluded on January 22, 2026, with shareholders decisively approving the transfer of the company's Design and Build Business (D&B Business/Undertaking) on a slump sale basis to Awfis Transform Private Limited (ATPL). The voting results showed exceptional support across all shareholder categories.

Category-wise Voting Pattern

The voting pattern across different shareholder categories revealed strong support from institutional and retail investors alike. Promoter and promoter group showed complete unanimity in their support for the resolution.

E-voting Process Details

The remote e-voting process was conducted in accordance with the provisions of the Companies Act, 2013, and SEBI regulations. The voting commenced on December 24, 2025, at 09:00 AM IST and concluded on January 22, 2026, at 05:00 PM IST. CS Rupinder Singh Bhatia served as the scrutinizer for the postal ballot process, ensuring transparency and compliance with regulatory requirements.

Corporate Restructuring Initiative

The approved resolution involves the transfer of Awfis Space Solutions' Design and Build Business undertaking to ATPL, its wholly owned subsidiary, on a slump sale basis. This strategic move represents a significant corporate restructuring initiative aimed at optimizing business operations and organizational structure.

The successful completion of this postal ballot process enables Awfis Space Solutions to proceed with the planned business transfer, reflecting the company's strategic approach to business optimization and subsidiary management.

Awfis Space Solutions Limited has made history by becoming India's first coworking brand to simultaneously achieve three prestigious WELL accolades from the International WELL Building Institute (IWBI). This landmark achievement positions the company at the forefront of creating healthier, safer, and more inclusive workplaces across the Indian flexible workspace sector.

Historic Achievement in Workplace Health Standards

Through the WELL at scale pathway, Awfis has secured multiple ratings that demonstrate its commitment to reimagining workplaces with a people-first approach. The company achieved the WELL Health-Safety Rating and WELL Equity Rating across 35 locations nationwide, while 15 coworking centres earned the industry-leading WELL Coworking Rating in partnership with The Instant Group.

Leadership Vision and Strategic Impact

Amit Ramani, Chairman & Managing Director of Awfis Space Solutions Ltd., emphasised the significance of this achievement: "We are proud to mark a milestone that places Awfis at the forefront of healthier, safer, more inclusive, and future-ready workplaces in India. These ratings reflect our unwavering commitment to creating environments where every individual can truly thrive."

The achievement aligns with the globally recognised WELL Standard, setting a new benchmark for future-ready work environments in India and moving beyond traditional notions that health is merely the absence of illness.

Comprehensive Health and Safety Excellence

The WELL Health-Safety Rating recognises Awfis' operational excellence in prioritising health and safety strategies across its locations. This rating encompasses several critical areas:

• Rigorous cleaning and sanitisation practices
• Emergency preparedness protocols
• Indoor air quality management systems
• Stakeholder engagement initiatives

For occupants, these measures translate into greater confidence, reduced health-related risks, and enhanced procedures for business continuity, while organisations benefit from environments designed to actively promote employee well-being and boost engagement and productivity.

Advancing Equity and Inclusion

The WELL Equity Rating demonstrates Awfis' focus on fairness, health equity, inclusion, and accessibility. This recognition highlights the company's robust people policies designed to prevent discrimination and promote equitable access to healthier workspaces. The rating also acknowledges universal design and accessibility features that enable barrier-free movement across facilities, supporting diverse teams and fostering belonging while aligning with evolving social sustainability priorities.

Specialised Coworking Health Strategies

The WELL Coworking Rating, launched by IWBI in partnership with The Instant Group, addresses health strategies specifically relevant to the coworking community. This rating encompasses over 50 features across all 10 WELL concepts and includes:

Key Health Management Features:

• Air Quality: Advanced indoor air quality management with continuous monitoring and filtration
• Water Safety: Regular water potability testing to enhance drinking water quality
• Nutrition: Nourishment guidelines promoting healthier, clearly labelled food choices

Industry Recognition and Market Impact

Prateek Khanna, Chief Operating Officer at the International WELL Building Institute, praised the achievement: "Awfis' achievements reflect the leadership the flexible workspace sector in India needs today. As India's coworking workforce grows, so does the need for healthier, more engaging, and more equitable workplaces."

Sam Pickering, Executive Director and Head of Sustainability at The Instant Group, added: "Awfis achieving multiple WELL Ratings across its portfolio is a significant milestone. It's encouraging to see Awfis setting a new benchmark for people-first flexible workspaces and demonstrating clear leadership in workplace health, safety, and equity across the region."

This historic achievement reinforces Awfis' position as India's largest flexible workspace provider, serving more than 3,400 clients across diverse industries through its presence in 18 cities and 200+ centres. The simultaneous WELL accolades demonstrate the company's commitment to scalable and adaptable workspace solutions that prioritise occupant health and well-being.