This is a regulatory disclosure made by Awfis Space Solutions Limited to the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) under Regulation 30 of the SEBI LODR Regulations, read with Para B of Part A of Schedule III and the SEBI Master Circular dated January 30, 2026. It is a follow-up to a previous disclosure made by the company on June 18, 2026.
The disclosure concerns the status of a litigation matter related to a GST demand. The key details are:
- Nature of Disclosure: Update on the status of a previously disclosed tax litigation.
- Previous Status (as of last disclosure): The order in respect of an appeal filed by the company was received on June 17, 2026. The order stated dues payable of INR 1,61,833 under the IGST, CGST, and SGST Acts. The company had previously deposited a part payment of INR 1,07,556 while filing the appeal through an electronic cash ledger.
- Current Status: The company has paid the entire demand of INR 1,49,501 on July 13, 2026, as permitted on the GST portal. The disclosure states that "the entire demand has been discharged in full."
- Refund: The company will claim a refund of the remaining amount of INR 95,244 from the concerned GST department.
- Reason for Delay in Disclosure: The company states the delay in making this disclosure was "inadvertent and procedural in nature, without any intention to delay or withhold material information." The company decided to discharge the demand and seek a refund after a careful assessment, which it considered prudent and in its best interest. The company regrets the delay and has committed to strengthening its internal processes for timely compliance.
- Financial Impact: The direct financial impact is an outflow of INR 1,49,501. A potential future inflow of INR 95,244 is contingent upon the successful processing of a refund claim by the GST department.