Awfis Space Solutions Ltd

Awfis Space Solutions Ltd has announced the appointment of Mr. Abhishek Poddar as an Additional Director, designated as Non-Executive Independent Director. This appointment was unanimously approved by the Board of Directors on June 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Poddar's term will commence on July 01, 2026, and conclude on June 30, 2031, subject to shareholder approval. He is an industrialist with diverse experience in finance, administration, and management, and is the Founder-Trustee of the Museum of Art & Photography (MAP). He is not related to any existing director and is not debarred from holding a director's office.

Awfis Space Solutions Ltd has appointed Mr. Abhishek Poddar as an Additional Director, designated as Non-Executive Independent Director. The appointment was approved by the Board of Directors via circulation on June 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Poddar's tenure will be for five years, commencing July 1, 2026, and ending June 30, 2031, subject to shareholder approval. He is an industrialist with interests in manufacturing and trading, and also serves as the Founder-Trustee of the Museum of Art & Photography (MAP). He is not related to any existing director and is not debarred from holding a directorship.

Awfis Space Solutions Ltd has announced its "Premiumisation Journey" with the launch of new centers in Prestige Tech Park, Bengaluru. This initiative aims to capitalize on the growing demand dynamics in India, particularly from the GCC (Global Capability Centers) sector. The company highlights its extensive network presence across major Indian cities, with a specific focus on Bengaluru. The presentation details Awfis's portfolio, including Gold and Elite centers, signaling a disciplined expansion strategy to enhance premium realization and cater to the evolving needs of its clientele.

Awfis Space Solutions Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The window will be shut from July 01, 2026, until 48 hours after the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. During this period, any trading in the company's securities by these individuals is prohibited. The exact date for the board meeting to approve the financial results will be communicated later. The company has also made this information available on its website.

Awfis Space Solutions Ltd has received an order from the GST Department regarding a tax litigation that initiated on June 16, 2025. The company was initially asked to provide records for FY 2019-20, leading to a demand of INR 20.20 million. After several replies and revised demands, the company filed an appeal. The order received on June 17, 2026, states dues of INR 1,61,833/- under IGST, CGST, and SGST Acts. The company has already deposited INR 1,07,556/- and will pay the remaining INR 54,277/- in due course. This information was previously disclosed in the Integrated Governance Report for prior quarters.

Awfis Space Solutions Ltd has re-submitted details regarding a Show Cause Notice (SCN) received from the Commercial Tax Officer, Chennai. The SCN, dated May 23, 2026, pertains to discrepancies in the FY 2022-23 tax returns, with an apparent demand of approximately INR 7.10 Crores plus interest and penalty. The company is examining the notice, identified a calculation error, and is seeking clarification from the GST authority. Awfis expects no significant financial impact and attributes the delay in disclosure to the time taken for preliminary review and verification of the notice's contents and potential implications.

Awfis Space Solutions Ltd has received a Show Cause Notice (SCN) from the Commercial Tax Officer, Chennai, for discrepancies in its FY 2022-23 tax returns. The notice, dated May 23, 2026, proposes a demand of approximately INR 7.10 Crores, along with interest and penalty. The company is currently examining the notice and seeking clarification from the GST authority regarding apparent calculation errors. Awfis stated that it does not envisage any material impact on its financials, operations, or other activities. A detailed reply will be submitted within the prescribed timeframe.

Awfis Space Solutions Ltd reported its highest-ever annual revenue of ₹1,493 Cr for FY26, a 24% YoY increase, driven by 35% growth in the co-working business. Operating EBITDA grew 37% YoY to ₹550 Cr, with margins expanding to 36.8%, and PBT stood at ₹72 Cr. The company achieved a 60% ROCE. Q4 FY26 revenue was ₹410 Cr, up 21% YoY, with Operating EBITDA at ₹152 Cr and PBT at ₹24 Cr. Awfis added 41 new centers and 30K operational seats, expanding its network to 266 centers with ~184K seats across 18 cities.

Awfis Space Solutions Ltd's Board of Directors approved the audited standalone and consolidated financial results for the year ended March 31, 2026. The board also approved availing term loan and overdraft facilities from IDFC Bank Limited. The meeting was held on May 25, 2026, and concluded at 04:08 P.M. (IST).

Awfis Space Solutions Ltd's Board of Directors approved the audited standalone and consolidated financial results for the year ended March 31, 2026, in compliance with SEBI LODR Regulations. The board also approved availing term loan and overdraft facilities from IDFC Bank Limited. The meeting concluded at 04:08 P.M. (IST) on May 25, 2026.