The Awfis arbitration award, disclosed in a BSE filing on October 2, 2026, requires Awfis Space Solutions Ltd to pay approximately Rs 8.26 crore, along with applicable interest and costs, in a lease dispute with Ruby Infotech Private Limited. The company received the final award on October 1 and is evaluating legal remedies to challenge it.

The award, dated September 30, 2026, was passed in favour of Ruby Infotech and against Awfis by Justice S. Muralidhar (Retd.), the sole arbitrator at the Delhi International Arbitration Centre. Awfis disclosed the outcome to BSE and the National Stock Exchange under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Lease termination led to arbitration

Awfis had leased the property for its operational requirements. According to the filing, infrastructural issues and safety concerns relating to the premises led the company to terminate the lease deed during the lock-in period.

Disputes subsequently arose between the parties and were referred to arbitration. The final award determines the amount payable in favour of Ruby Infotech, which was the respondent in the proceedings.

The disclosure separates the amount awarded by the arbitrator from the additional cost Awfis expects to bear if the outcome is conclusively determined against it. Its estimate of that additional impact takes into account fit-outs already written off in its books.

Awfis assesses financial impact and legal remedies

Awfis said the total net incremental cost impact is not anticipated to exceed Rs 6.3 crore, including applicable interest, if the award is conclusively determined against the company. This is the company's conditional estimate of the incremental impact; the stated arbitral award remains approximately Rs 8.26 crore plus interest and costs.

In consultation with its legal counsel, Awfis is evaluating available remedies to challenge the award, citing what it described as discrepancies apparent on the face of the record. The company said it would take necessary action in accordance with applicable law. The filing does not state that a challenge has already been filed.