NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company20h ago · 2 Oct 2026, 05:22 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Awfis Space Solutions Limited · AWFIS
✦ AI Summary▼ NegativeLitigation
Awfis Space Solutions Limited has been served with a final award in an arbitration proceeding, resulting in a liability of approximately INR 8.26 crore, with the company anticipating a net incremental cost impact of not more than INR 6.3 crore. The company is evaluating its available remedies to challenge the award.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment2/10
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Full Announcement
Awfis Space Solutions Limited has informed the Exchange regarding Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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AWFIS2014_02102026171422_Intimation_Signed.pdf
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Date: October 02, 2026
To, To,
National Stock Exchange of India Limited (“NSE”) BSE Limited (“BSE”)
Listing Department Listing Department
Exchange Plaza, C-1 Block G, Corporate Relationship Department
Bandra Kurla Complex Bandra [E], Phiroze Jeejeebhoy Towers,
Mumbai – 400051 Dalal Street, Fort, Mumbai – 400001
NSE Scrip Symbol: AWFIS BSE Scrip Code: 544181
ISIN: INE108V01019 ISIN: INE108V01019
Subject: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”)
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI LODR Regulations read with Para B of Part A of Schedule III and
SEBI Master Circular dated January 30, 2026, this is to inform that the Company on October 01, 2026, had
been served with the Final Award in respect of arbitration proceedings, as detailed out in Annexure A.
The above information will also be available on the website of the Company at
https://www.awfis.com/investor-relations/initial-public-offer/compnayAnnouncement.
We request you to kindly take this on your record.
Thanking You.
For Awfis Space Solutions Limited
Shweta Gupta
Company Secretary and Compliance Officer
M. No. F8573
Address: C-28-29, Kissan Bhawan,
Qutab Institutional Area, New Delhi – 110016
Corporate and Regd. Office
Awfis Space Solutions Limited
C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi – 110016
www.awfis.com | Email: info@awfis.com | Phone: 011-41103497
CIN: L74999DL2014PLC274236
Annexure A
Disclosure of information pursuant to Regulation 30 read with Schedule III of the SEBI LODR
Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
S.No. Particulars Disclosure of updates to ongoing tax litigation
1 Name of the opposing party, court/ Opposing Party: Ruby Infotech Private Limited
tribunal/agency where litigation is filed (“Respondent”)
Court/Tribunal/Agency: Before Justice
S. Muralidhar (Retd.), Sole Arbitrator, The Delhi
International Arbitration Centre (DIAC)
2 Brief details of litigation/ dispute The Company had taken the property on lease for
its operational requirements. Due to certain
infrastructural issues in addition to safety issues
relating to the leased premises, the Company
terminated the Lease Deed during the lock-in
period, pursuant to which disputes arose between
the parties. The disputes were referred to
arbitration before the learned Sole Arbitrator. The
Company on October 01, 2026, received the award
dated September 30, 2026, passed by the sole
arbitrator in favour of the Respondent and against
the Company, determining an amount of
INR ~ 8.26 crore, along with applicable interest and
costs.
3 Expected financial implications, if any, The Arbitral Award involves an amount of
due to compensation, penalty etc.; INR ~ 8.26 crore, along with applicable interest
and costs. The Company had already written off
fit-outs in its books and if the award is conclusively
determined against the Company, the total net
incremental cost impact on the Company is not
anticipated to exceed INR 6.3 Crore (including
applicable interest). The Company, in consultation
with its legal counsel, is evaluating the available
remedies to challenge the Award, including in view
of certain discrepancies apparent on the face of
the record, and will take necessary actions in
accordance with applicable law.
4 Quantum of claims, if any The Arbitral Award has been passed in favour
of the Respondent, awarding an amount
of ~ INR 8.26 crores along with interest and costs.
The Company had already written off fit-outs in its
books and if the award is conclusively determined
Corporate and Regd. Office
Awfis Space Solutions Limited
C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi – 110016
www.awfis.com | Email: info@awfis.com | Phone: 011-41103497
CIN: L74999DL2014PLC274236
against the Company, the total net incremental
cost impact on the Company is not anticipated to
exceed INR 6.3 Crore (including applicable
interest).
Corporate and Regd. Office
Awfis Space Solutions Limited
C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi – 110016
www.awfis.com | Email: info@awfis.com | Phone: 011-41103497
CIN: L74999DL2014PLC274236