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.

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.