Awfis Space Solutions Limited has announced significant changes in its senior management, with the resignation of Chief Financial Officer Ravi Dugar and the appointment of Sumit Rochlani as his successor. The Board of Directors approved these decisions during their meeting held on January 5, 2026, in compliance with SEBI regulations.

Board Meeting and Regulatory Disclosure

The company has made the announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting details and regulatory compliance information are outlined below:

CFO Transition Timeline

The leadership transition involves a carefully planned handover to ensure business continuity. The key timeline and appointment details are structured as follows:

Ravi Dugar's Departure and Achievements

Ravi Dugar has served as Chief Financial Officer and Key Managerial Personnel for over three years, during which he played a crucial role in the company's growth trajectory. In his formal resignation letter submitted to the Board, Dugar highlighted his contribution to Awfis's successful Initial Public Offering (IPO) and the company's transformation into a listed entity as significant achievements during his tenure.

Dugar cited the pursuit of better career opportunities as the reason for his resignation. He expressed gratitude for the trust and support extended by the Board, colleagues, and the wider team throughout his service period. The outgoing CFO has committed to ensuring a smooth transition of responsibilities and will extend full support in onboarding his successor.

New CFO Profile and Expertise

Sumit Rochlani's appointment as the new Chief Financial Officer comes following due recommendations from the Nomination & Remuneration Committee and subsequent approval from the Audit Committee. His professional qualifications and experience are detailed below:

Rochlani brings extensive expertise across multiple finance domains, including Audit, Controllership, Financial Planning & Analysis (FP&A), Corporate Finance, and Indirect Taxation.

Regulatory Compliance and Authorization

The company has fulfilled all regulatory disclosure requirements under the SEBI regulations. The Board has authorized the Chief Financial Officer as Key Managerial Personnel to determine materiality of events and ensure adequate disclosures going forward. All relevant information and documentation have been made available on the company's website in the investor relations section.

The transition represents a planned succession to maintain continuity in financial leadership while bringing fresh expertise to support the company's continued growth in the flexible workspace sector.

Awfis Space Solutions has received a shareholding disclosure from Invesco Mutual Fund indicating a significant reduction in the fund house's stake in the company. The disclosure, made under SEBI regulations, reveals important changes in institutional holding patterns.

Shareholding Details

Invesco Mutual Fund's aggregate holding across its various schemes in Awfis Space Solutions stood at 2.71% of the paid-up share capital as of December 09, 2025. This represents a notable decrease of 2.25% from the fund's previous disclosure under SEBI regulations.

Transaction Summary

The mutual fund disposed of 5,19,951 equity shares during the reporting period, reducing its total shareholding from 24,54,870 shares to 19,34,919 shares. The transaction was executed through open market operations.

Invesco Schemes Involved

The shareholding is held across multiple Invesco Mutual Fund schemes, demonstrating diversified institutional participation:

• Invesco India Aggressive Hybrid Fund
• Invesco India Equity Savings Fund
• Invesco India Flexi Cap Fund
• Invesco India Small Cap Fund
• Invesco India Balanced Advantage Fund
• Invesco India Infrastructure Fund
• Invesco India Multicap Fund
• Invesco India ELSS Tax Saver Fund

Company Share Capital

Awfis Space Solutions' total equity share capital remains unchanged at ₹71.51 crores, comprising 7,15,09,041 equity shares of ₹10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Invesco Asset Management (India) Private Limited, acting as the investment manager for Invesco Mutual Fund, submitted the required documentation to the company and stock exchanges on December 23, 2025.