Awfis Space Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on February 26, 2026.
AWFIS · price
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Awaiting price reaction for this filing.
Awfis Space Solutions has informed the stock exchanges that its Board of Directors approved extending the timeline for the slump sale of its Design and Build Business (Business Undertaking). The transaction, which was earlier expected to be completed on or before February 28, 2026 (as approved by shareholders via postal ballot on January 23, 2026), has now been pushed to the end of calendar year 2026 due to procedural, administrative, operational, and transition-related hurdles. The company will continue to run the business in the ordinary course until the revised completion date. The sale consideration will now be determined based on an updated valuation report, with the reference date being the new completion date, meaning the final deal value could change. The Board also authorized officials to make necessary amendments to the Business Transfer Agreement to give effect to these changes.
Shareholders will have to wait roughly 10 more months for the divestment to close, and the final sale price is now uncertain since it will be revalued as of the new completion date. While the business continues operating normally, the extended timeline may create short-term uncertainty around the stock.