Executes INR 50 Million Overdraft and INR 750 Million Corporate Term Loan with IDFC FIRST Bank

Awfis has executed loan agreements with IDFC FIRST Bank: an overdraft facility of INR 50 Million for working capital, and a corporate term loan of INR 750 Million for capex (reimbursement plus fresh).

Wed 30 Sep 2026

Overdraft Facility

INR 50 Million for working capital

Corporate Term Loan

INR 750 Million for capex (reimbursement plus fresh)

Documents Executed Date

September 29, 2026

Amount Outstanding

NIL for both facilities as on disclosure date

Term Loan Security

Exclusive charge on movable fixed assets (min 0.50x cover), escrowed receivables (min 2.0x cover), and DSRA of 2 months principal + interest

What was shared

Awfis Space Solutions has informed the exchanges that it executed loan agreements with IDFC FIRST Bank Limited, in furtherance of its earlier intimation dated May 25, 2026.

• Overdraft facility of INR 50 Million
• Corporate Term Loan facility of INR 750 Million

All transaction documents for both facilities were executed on September 29, 2026.

Purpose

• The overdraft is intended to support the company's working capital requirements, usable per the agreed terms.
• The term loan is intended for reimbursement of capital expenditure and fresh capital expenditure.

Security

For the overdraft: exclusive charge on 20% cash margin in the form of a fixed deposit. Interest earned or accrued on that fixed deposit is free of lien and paid to the company as it instructs.

For the term loan

• Exclusive charge on movable fixed assets located at specific centres with a minimum cover of 0.50x
• Exclusive charge, through an escrow account with IDFC FIRST Bank, on receivables from approved counterparties such that minimum cover is 2.0x on monthly repayment commitments during the tenure
• Exclusive charge on a DSRA (debt service reserve account) for 2 months of principal plus interest

Status

Total amount outstanding as on the date of disclosure is NIL for both facilities — the lines are in place but not drawn as disclosed.

Relationship

IDFC FIRST Bank is not related to the promoter, promoter group or group companies, and the transaction does not fall within related party transactions. There is no shareholding disclosure applicable, and no nominee director or conflict of interest disclosure applicable.

How to read it

Secured credit lines of this size give the company funding flexibility for expansion-linked capital spending and day-to-day working capital, while adding charges over specified assets and receivables in favour of the lender.

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