Awfis Space Solutions Limited Latest Updates

$AWFIS FY26 Financial Overview For the full financial year 2025-26, the company achieved its highest-ever annual performance, with operating revenue rising 24% year-on-year to ₹1,493 crore and net profit (PAT) jumping 66% to ₹71 crore. In the fourth quarter ended March 31, 2026, net profit more than doubled (+106% YoY) to ₹23.2 crore, driven by a 26.8% increase in its core co-working segment. Strategic Premiumization & Growth Outlook On June 26, 2026, the company announced its latest upscale expansion with a major workspace launch at Prestige Tech Park, Bengaluru, targeting high-yield Global Capability Centers (GCCs) and enterprise tech firms. For the full financial year 2027, management has issued a revenue growth guidance of 25% to 27%, supported by plans to add 22,000 to 25,000 gross premium seats while aiming to lift overall occupancy from 76% to 84%. Leadership Transition & Board Changes In compliance filings submitted under SEBI LODR on June 29, 2026, the company executed corporate governance changes by appointing Mr. Abhishek Poddar as an Additional Director in the Non-Executive Independent category. His five-year term became effective on July 1, 2026, subject to final shareholder ratification. Multi-Crore Tax Dispute The company received a formal Show Cause Notice from the commercial tax authorities in Chennai regarding alleged return mismatches for the financial year 2022–23, carrying an aggregate tax, interest, and penalty demand of ₹7.10 crore. In its regulatory disclosure, Awfis noted that it has identified a material calculation error in the notice's specified demand and is working to secure a formal rectification, expecting no adverse balance sheet impact.