Awfis Space Solutions Ltd

Parties and facilities

• Parties: Awfis Space Solutions Limited and IDFC FIRST Bank Limited.
• Facilities: Overdraft INR 50 million; Corporate Term Loan INR 750 million.

Purpose and scope

• Overdraft supports working capital; term loan funds capital expenditure reimbursement.

Key terms and security

• Date of execution: September 29, 2026.
• Lender: IDFC FIRST Bank Limited.
• Overdraft amount: INR 50 million; for working capital.
• Term loan amount: INR 750 million; for capex reimbursement.
• Overdraft security: exclusive charge on 20% cash margin fixed deposit.
• Term loan security: exclusive charges on moveable fixed assets, receivables, and DSRA (2 months).
• Outstanding as on disclosure: NIL.

Related party and governance

• Related party: No promoter/group relationship.
• RPT: Not applicable; not a related party transaction.

Impact and regulatory

• Impact: Additional debt facilities; potential leverage increase when drawn.
• Current outstanding: NIL; facility supports working capital and capex.
• Regulatory: Disclosures to stock exchanges under SEBI LODR.
• Status: New facilities; no termination or amendments.

Centre launch details

• Awfis launches Elite by Awfis centre at Prestige Trade Centre, Aerocity, New Delhi, ~100,000 sq ft.
• Ninth Elite centre in Awfis' premium portfolio, now 37 Elite centres nationwide.
• Centre combines built-to-suit and ready-to-move-in spaces, targeting GCCs and large enterprises.
• Located near IGI Airport and Aerocity Metro Station, enabling easy connectivity.
• Elite clients include ABC Fitness, Meltwater, French FMCG major, and American semiconductor major.
• Premium portfolio now comprises 37 Elite centres across India.
• Eight Elite centres already operational in Bengaluru and Hyderabad; Aerocity becomes ninth.

AGM Details

• AGM held on 21 September 2026 via VC/OAVM.
• Proceedings from 04:31 PM to 04:58 PM IST.
• Cut-off date for entitlement: 14 September 2026.
• Remote e-voting window: 17–20 September 2026.
• Attendance: 141 members via VC/OAVM.
• All resolutions approved with requisite majority.

Resolutions Proposed

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Reappoint director by rotation: Amit Ramani.
• Appoint independent director: Abhishek Poddar.

Voting Results

• All resolutions passed with requisite majority.
• Total shares polled: 69.18% of outstanding.
• In-favour votes exceeded 99.9998% of votes cast.

Director Changes

• Amit Ramani reappointed as director by rotation.
• Abhishek Poddar appointed as independent director.

Scrutinizer & Process

• Scrutinizer's report issued; results consolidated for all items.
• Counting conducted by NSDL; data handed to Company Secretary.

AGM Details

• Date and mode: 21 Sep 2026, 04:31–04:58 IST; VC/OAVM.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for FY ended 31 March 2026. (Ordinary)
• Re-appointment of Amit Ramani, retiring by rotation. (Ordinary)
• Appointment of Abhishek Poddar as Independent Director. (Special)

Voting/Results

• E-voting results to be submitted to exchanges and placed on websites.

Director Changes

• Amit Ramani to be re-appointed; Abhishek Poddar appointed Independent Director.

Auditors

• Statutory auditor Walker Chandiok & Co. LLP attended; no change disclosed.

Attendance

• 141 shareholders attended via VC/OAVM.

Meeting Details

• September 08, 2026, 10:00 A.M. IST onwards.
• Group meeting
• Organised by Ambit Capital
• Mumbai
• In-person

Participants

• Officials of the Company will attend.
• Key company role present: Company Secretary and Compliance Officer

Purpose

• Discussions will be based solely on publicly available information.

Additional Notes

• Information will be available on the company's investor relations page.

AGM and annual report access

• 12th AGM scheduled for 21 September 2026 via VC/OAVM.
• Notice and Annual Report for FY 2025-26 accessible on company and stock exchange websites.
• E-voting window: remote voting from 9:00 AM Sep 17, 2026 to 5:00 PM Sep 20, 2026.
• Cut-off date for e-voting is 14 September 2026.
• Shareholders to update registered email address to receive documents electronically.
• For queries contact cs.corp@awfis.com.
• Annual Report and AGM notice accessible on BSE/NSE websites.

Overview

• Standalone BRSR for FY2025-26; Awfis Space Solutions Limited, core coworking real estate activities in India.
• Two national offices; operations in 15 states; no international operations; exports nil.
• 100% turnover from coworking space solutions and related services.
• First-year ESG reporting; BRSR forms part of the FY2025-26 Annual Report.

Key ESG Risks & Opportunities

• Corporate governance and integrity risk; mitigated by Code of Conduct and governance training.
• Cyber security and data privacy risk; mitigated by policies, audits, and monitoring.
• Human capital development and local workforce engagement opportunity; structured learning and inclusive hiring.
• Entrepreneurial culture engagement; startups get flexible workspace, with potential revenue diversification.
• Health, safety and well-being risk; mitigated by HSE practices and safety drills.
• Board transparency as opportunity; board oversight and disclosures enhance stakeholder trust.
• Macroeconomic and geopolitical risk; mitigated by diversification and operational flexibility.

Governance & Policy Highlights

• Board responsible for BRSR; no dedicated sustainability committee.
• Key policies: ABAC, Whistleblower, Data Privacy, Code of Conduct.
• No penalties or non-compliances reported in FY2025-26.
• Standalone assurance; no external evaluation; first-year ESG disclosure.

Social Responsibility & Workforce

• Total employees: 731 permanent; 515 male, 216 female; 0 workers.
• Board female representation 16.7%; Key management female 33.3%.
• PF 96.17%, gratuity 100%, ESI 3.56% coverage.
• Offices accessible to differently abled; compliance with Disability Act.
• Robust grievance mechanism with confidential reporting and timely resolution.

Environmental Performance

• Scope 1: 5,912 tCO2e; Scope 2: 29,049 tCO2e; total ~35,960 tCO2e.
• Emission intensity per turnover: 2.35e-6 tCO2e; PPP-adjusted 4.78e-5.
• Total electricity consumption: 14.94 million kWh; total fuel consumption: ~0.398 million units.
• Waste management: DG servicing waste handled by vendors; paper/plastic segregated; no direct hazardous waste.
• Renewable energy share not disclosed; WELL Building certification application; decarbonization program participation.

Stakeholder Engagement & Complaints

• Stakeholders include shareholders, regulators, suppliers, clients, employees, communities, and value chain partners.
• Engagement channels: investor calls, emails, meetings; SCORES platform for shareholder grievances.
• Customer complaints: 272 filed FY2025-26; 4 pending; resolved April 2026.
• Value chain partners: no formal environmental assessments conducted; core policies extend through ecosystem.

Other Notable Metrics

• Trade association: Confederation of Indian Industry (CII) membership at national level.
• Data privacy policy accessible online; link provided in policy disclosures.
• Green credits: none; no significant anti-competitive action noted.
• CSR: not applicable; no formal CSR under Companies Act 2013.

Financial highlights

• Consolidated revenue ₹14,934.84 mn (FY26).
• Standalone revenue ₹12,294.43 mn (FY26).
• Consolidated PAT ₹708.53 mn.
• PAT rose 4.39% YoY.
• EBITDA margin 36.8% in FY26.
• Dividends: Board did not declare FY25-26.
• 250+ operational centres across 18 cities.
• Total seats under management 175,000+.
• GCC contributed 23% of rental revenue.
• Independent Director Abhishek Poddar appointed from 1 July 2026.