Awfis Space Solutions (Awfis) has signed service agreement for two floors, spanning approximately 1.65 Lakh sq. ft., to the National Stock Exchange (NSE) at Adani Inspire in Bandra-Kurla Complex (BKC), Mumbai. Awfis will also design, build and manage the space for NSE, reflecting its commitment to provide enhanced customer experience. This partnership demonstrates Awfis' capability to deliver high-quality workspace solutions tailored to clients' business needs and employee well-being. Located in Mumbai's dynamic business hub, BKC, Adani Inspire is a 10-storey commercial building strategically connected to the Aqua Line of the Underground Metro and the Bandra suburban station. Awfis already operates a coworking centre in the building, and with this new deal, it expands its footprint with additional two centres. The area's robust connectivity and proximity to commercial and social amenities make it a preferred destination for businesses in Mumbai. This deal was facilitated by Rounak Real Estate Consultants, a renowned advisory firm with integrated prime residential, commercial and industrial offering.Powered by Capital Market - Live

Net profit of AWFIS Space Solutions reported to Rs 38.67 crore in the quarter ended September 2024 as against net loss of Rs 4.35 crore during the previous quarter ended September 2023. Sales rose 40.47% to Rs 292.38 crore in the quarter ended September 2024 as against Rs 208.15 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales292.38208.15 40 OPM %34.2628.84 - PBDT79.3344.09 80 PBT14.66-4.35 LP NP38.67-4.35 LP Powered by Capital Market - Live

Awfis Space Solution will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

Awfis announced the launch of its new centre in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. Awfis is the only flexible space provider in a Grade-A development offering a gamut of services under one brand. This new centre offers 30,221 sq. ft. built-up area in one of India's most prominent financial and technology hubs. With this addition, the company is now offering a total of approx. 83,500 sq. ft. built-up area in Ahmedabad. This premium facility, Awfis Gold centre is located on the 26th floor in Gift One Tower-GIFT City, Gandhinagar designed to cater to the evolving needs of modern businesses, offering state-of-the-art infrastructure and flexible workspace solutions. Powered by Capital Market - Live

SMS Integrated Facility Services (SMS IFS), a Samara Capital company, is one of India's leading pan-India integrated facilities management firms. It provides a wide range of integrated facilities management services, including soft services, technical and managed services, and sustainability consulting. Awfis said that it will benefit from the expertise of a specialized player like SMS with their distinctive capabilities in people management, digital operations, and facility cost optimisation, while maintaining the highest standards of compliance and governance. This move will reduce its administrative overheads, compliance requirements, and enhance operational efficiencies. Additionally, the transaction will be cash flow accretive, freeing up working capital leading to improvement of the working capital cycle. This increased liquidity will provide the company with additional financial flexibility to invest in growth and expansion. The company also anticipates a positive impact on its ROCE, optimizing the use of capital to generate higher and long-lasting returns for its shareholders. The business transfer agreement is expected to be completed in 120 days. Amit Ramani, MD and Chairman, Awfis Space Solutions, said We are pleased to announce the strategic divestiture of our Facility Management business to SMS Integrated Facility Services, a company recognized for its technology-driven capabilities. By partnering with a specialist like SMS, we can effectively allocate our capital and management resources toward key priorities, such as strengthening our position in the flexible workspace market, expanding our network, and driving innovation in customer experience and technology integration. This divestiture reinforces our commitment to creating value for our stakeholders by delivering strong financial performance, operational excellence, and exceptional service to our clients. Awfis Space Solutions is a leading provider of flexible workspaces in India. They offer a variety of workspace solutions, including coworking spaces, customized managed offices, and mobility solutions. Awfis also provides design and build services through Awfis Transform and facility management services through Awfis Care. Their integrated platform strategy aims to address the modern workspace needs of businesses and professionals. The company reported consolidated net profit of Rs 2.79 crore in Q1 FY25 as compared with net loss of Rs 8.31 crore posted in corresponding quarter last year. Revenue from operations jumped 37.3% to Rs 257.74 crore in Q1 FY25 as compared with Rs 187.70 crore in Q1 FY24.Powered by Capital Market - Live

Awfis Space Solutions announced that it has entered into a Business Transfer Agreement with SMS Integrated Facility Services (SMS) (a Samara Capital company), for the divestiture of its Facility Management division ' Awfis Care for a sale consideration of Rs. 27.5 crore. Maple Capital Advisors was the sole advisor to Awfis for this transaction which is expected to be completed within 120 days.Powered by Capital Market - Live

Awfis Space Solution announced that the 10th Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Sakuma Exports Ltd, Rane Engine Valve Ltd, Rama Steel Tubes Ltd and Parshva Enterprises Ltd are among the other losers in the BSE's 'B' group today, 26 August 2024.AWFIS Space Solutions Ltd tumbled 11.54% to Rs 796.55 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.23 lakh shares were traded on the counter so far as against the average daily volumes of 49736 shares in the past one month.Sakuma Exports Ltd lost 9.95% to Rs 7.15. The stock was the second biggest loser in 'B' group.On the BSE, 10.14 lakh shares were traded on the counter so far as against the average daily volumes of 18.9 lakh shares in the past one month.Rane Engine Valve Ltd crashed 9.87% to Rs 578.05. The stock was the third biggest loser in 'B' group.On the BSE, 7284 shares were traded on the counter so far as against the average daily volumes of 7175 shares in the past one month.Rama Steel Tubes Ltd plummeted 9.49% to Rs 10.21. The stock was the fourth biggest loser in 'B' group.On the BSE, 70.24 lakh shares were traded on the counter so far as against the average daily volumes of 29.15 lakh shares in the past one month.Parshva Enterprises Ltd fell 8.30% to Rs 263. The stock was the fifth biggest loser in 'B' group.On the BSE, 22818 shares were traded on the counter so far as against the average daily volumes of 8280 shares in the past one month.Powered by Capital Market - Live

The centers are located in Mantri Commerce and Vista Pixel, and offer a combined total of 66,846 square feet of workspace. Both centers are located in prime locations with excellent connectivity to major business districts. They also offer a range of amenities, including advanced technology and facility management services. As of June 2024, the company operated 1,12,038 seats across 185 centers, covering 5.6 million sq. ft. across 17 cities. Awfis plans to further expand its presence in India by adding 40,000 new seats in FY25, bringing its total to 135,000 seats by the end of the fiscal year. Awfis Space Solutions is a leading provider of flexible workspaces in India. They offer a variety of workspace solutions, including coworking spaces, customized managed offices, and mobility solutions. Awfis also provides design and build services through Awfis Transform and facility management services through Awfis Care. Their integrated platform strategy aims to address the modern workspace needs of businesses and professionals. Awfis Space Solutions swung to a net profit of Rs 1.37 crore in Q4 FY24 from a loss of Rs 13.85 crore a year ago. Revenue jumped 45.2% YoY to Rs 232.32 crore in Q4 FY24. Powered by Capital Market - Live

AWFIS announced the launch of two new centres at Mantri Commerce and Vista Pixel in Bengaluru. The centres offer 39,000 sq. ft. and 27,846 sq. ft. built-up areas respectively, expanding Awfis' extensive footprint and providing premium workspace solutions in prime locations. Strategically situated in key areas, Awfis Mantri Commerce is in BTM Layout, while Awfis Vista Pixel is in North Bengaluru. Both centres provide excellent connectivity to major business districts and are conveniently close to malls, entertainment hubs, and social infrastructure. Upcoming metro lines are set to further enhance accessibility, with the yellow line at Mantri Commerce expected by 2025 and the blue line at Vista Pixel anticipated by 2026. Designed for the modern professional, both centres display contemporary architecture and state-of-the-art amenities. Awfis Vista Pixel stands out with its stunning glass fa'ade, providing abundant natural light and breathtaking views, while Mantri Commerce, a Grade A building, meets the highest safety standards and offers a rooftop recreation area. In addition, both centres offer advanced technology and facility management services, ensuring seamless and efficient business operations.Powered by Capital Market - Live