Awfis Space Solutions Limited
Execution of Loan Facilities with IDFC FIRST Bank
Main Body
Awfis Space Solutions Limited ('Awfis' or 'the Company') has executed two loan agreements with IDFC FIRST Bank Limited ('IDFC FIRST Bank' / 'Lender') on September 29, 2026. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and follows a prior intimation dated May 25, 2026.
The agreements are:
1. Overdraft Facility: INR 50 Million
- Purpose: To support the Company's working capital requirements.
- Security: Exclusive charge on a 20% cash margin in the form of a fixed deposit. Interest earned on this deposit is free of lien and will be paid to the Company.
- Outstanding Amount: As of the disclosure date (September 30, 2026), the outstanding amount is NIL.
2. Corporate Term Loan Facility: INR 750 Million
- Purpose: For reimbursement of capital expenditure and fresh capital expenditure.
- Security:
- First and exclusive charge on all current and future movable fixed assets (excluding vehicles).
- First pari-passu charge on all current and future receivables, with a minimum cover of 2.0x on monthly repayment commitments.
- Exclusive charge on a Debt Service Reserve Account (DSRA) for 2 months of Principal + Interest.
- Outstanding Amount: As of the disclosure date (September 30, 2026), the outstanding amount is NIL.
Key Terms for Both Facilities:
- Date of Execution: September 29, 2026.
- Relationship to Promoter/Group: The parties are not related to the promoter/promoter group/group companies.
- Related Party Transaction: The transaction does not fall under related party transactions.
- The transaction is not done on a cumulative basis that has become material.
Other Key Announcements
This disclosure pertains solely to the execution of the aforementioned loan facilities. No other material announcements are contained within this document.