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Awfis Space Solutions informs about outcome of board meeting

Awfis Space Solutions has informed that the slump sale of the Company’s Design and Build Business (Business Undertaking) was expected to be completed on or before February 28, 2026, the Board of Directors, at its meeting held today, discussed that due to procedural, administrative, operational and transition-related requirements, the process related to completion of the transaction has been elongated and hence, considered and approved the extension of the timeline for completion of the transfer of the Business Undertaking, which is now expected to be completed by end of calendar year 2026 considering the operational and administrative requirements. The Company will continue to operate the undertaking in the ordinary course of business until the revised completion date. The consideration for the sale of the Business Undertaking shall be determined as per an updated valuation report for the Business Undertaking to be obtained by the Company in accordance with all applicable laws, with the reference date of valuation being the revised date of completion of the transaction. The Board has also, authorised the officials of the Company to undertake all necessary actions, including carrying out appropriate amendments to the Business Transfer Agreement, as may be required to give effect to the above.

The above information is a part of company’s filings submitted to BSE.