Awfis Space Solutions Limited has informed the Exchange about Agreements
AWFIS · price
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Awfis Space Solutions has been sanctioned a Rupee Term Loan of INR 800 million from ICICI Bank, which includes a dropline overdraft limit of INR 300 million. The funds will be used for capital expenditure on existing coworking centers, setting up new centers, and reimbursing eligible past expenditures. The loan will be repaid in 48 equal monthly installments starting from the first disbursement. The facility is secured by a first pari-passu charge on current assets and exclusive charges on movable fixed assets and cash flows of identified centers. The agreement is not a related party transaction and grants no special rights such as board seats to the lender.
The loan expands Awfis's debt obligations but provides capital to fund growth and new center rollouts. For shareholders, it signals continued expansion plans while increasing leverage and interest cost commitments over the next four years.