Awfis Space Solutions Limited announced that its Board of Directors, in a meeting held on December 23, 2025, has approved the disposal of its Design and Build business undertaking on a going concern basis. This sale will be conducted through a Business Transfer Agreement (BTA) with Awfis Transform Private Limited (ATPL), a wholly-owned subsidiary. The transaction, which is subject to shareholder approval, will be carried out via a slump sale. The Board has approved seeking shareholder consent through a postal ballot, including e-voting, for this transfer. The Design and Build business undertaking contributed INR 2,782.58 million (approximately ₹278.26 crore) or 23.13% to the company's turnover in the financial year 2024-25. Its net worth was INR 712.67 million (approximately ₹71.27 crore), representing 15.60% of the company's net worth for the same period. The BTA was executed on December 23, 2025. The slump sale is expected to be completed on or before February 28, 2026, subject to customary conditions precedent. The initial purchase price for the Business Undertaking has been determined at INR 265.91 million (approximately ₹26.59 crore), based on a valuation report as of September 30, 2025. A final purchase price will be determined based on an updated valuation report as of the Closing Date. ATPL, the buyer, is a newly incorporated company (December 3, 2025) and will engage in design, build, and execution of projects, interior fit-outs, MEP services, consultancy, and related digital platforms. The transaction is considered a related party transaction but will be conducted on an arm's length basis. The rationale for the slump sale is to enhance operational efficiency, achieve business synergies, and establish a more focused management structure for the Design and Build business.