Awfis sells design and build business to wholly-owned subsidiary

Awfis Space Solutions Limited (Awfis) announced on December 23, 2025, the approval of the sale of its Design and Build business to Awfis Transform Private Limited (ATPL), a wholly-owned subsidiary, via a slump sale. The Business Transfer Agreement was executed on the same date. This strategic divestment aims to achieve enhanced operational efficiency, business synergies, and a more focused management structure for Awfis.

The Business Undertaking contributed ₹2,782.58m, or 23.13%, to Awfis's turnover or revenue, and ₹712.67m, or 15.60%, to its net worth for the financial year 2024-25. The consideration for this transaction is ₹265.91m, determined by a valuation report as of September 30, 2025, with final consideration subject to an updated valuation by March 31, 2026. The transaction is a related party transaction but is being conducted at arm's length.

The completion of the slump sale is expected on or before February 28, 2026, subject to customary conditions. Shareholders' approval for this transaction will be sought through a postal ballot. ATPL, incorporated on December 3, 2025, specializes in design, build, and execution of commercial, residential, and mixed-use projects.