Awfis Space Solutions Limited announced the execution of an addendum to its Business Transfer Agreement (BTA) with Awfis Transform Private Limited (ATPL) today, March 24, 2026. This amendment primarily concerns the mechanism for determining the Final Purchase Price for the Business Undertaking. The final consideration will now be set based on an updated valuation report obtained as of the agreed Closing Date.
Update on Business Transfer Agreement
In continuation of prior disclosures made on November 11, 2025, December 23, 2025, January 23, 2026, and February 26, 2026, Awfis Space Solutions Limited confirms a key operational milestone. An addendum to the Business Transfer Agreement (BTA) has been executed today, March 24, 2026, between the Company (Seller) and Awfis Transform Private Limited (ATPL/Purchaser).
Determination of Final Consideration
The primary purpose of this addendum is to establish the method for calculating the Final Purchase Price pertaining to the Business Undertaking. The agreement stipulates that the final consideration will be determined based on an updated valuation report, which the Company is required to obtain. This valuation will use the Closing Date as its reference date.
Previous Disclosures Confirmed
The company notes that all requisite information pertaining to this transaction, including details shared on November 11, 2025, December 23, 2025, and the outcome of the postal ballot on January 23, 2026, had previously been fully disclosed to the Stock Exchanges as required.
Awfis Space Solutions Limited will ensure that Stock Exchanges are kept informed of any subsequent developments regarding this matter in due course.
Source: BSE
