Awfis ordered to pay ₹8.26 Cr in arbitration award

Awfis Space Solutions Ltd has been served with a Final Award in arbitration proceedings initiated by Ruby Infotech Private Limited. The award, dated September 30, 2026, and received on October 01, 2026, directs Awfis to pay approximately ₹8.26 crore along with applicable interest and costs. The dispute arose from the termination of a lease deed during the lock-in period due to infrastructural and safety issues. While the company is evaluating remedies to challenge the award, the net incremental cost impact is not anticipated to exceed ₹6.3 crore, including interest, as fit-outs were already written off. The company is consulting legal counsel to determine necessary actions.