Awfis Area Options Restricted has introduced a change in its finance management, with chief monetary officer (CFO) Ravi Dugar set to step down early subsequent month and the board approving the appointment of Sumit Rochlani as his successor.

In a regulatory submitting, the corporate mentioned its board of administrators, at a gathering held on January 05, 2026, accepted Dugar’s resignation from the place of Chief Monetary Officer and Key Managerial Personnel.

Dugar will proceed in service till February 02, 2026, after which he will probably be formally relieved. He has cited the choice to pursue different profession alternatives.

In his resignation letter addressed to the board, Dugar mentioned, “After a lot reflection , I’ve determined to pursue higher profession alternatives & serving Awfis for over three years has been one of the rewarding chapters of my skilled journey. Collectively, we navigated varied monetary landscapes whereas strengthening governance frameworks and most notably, achieved the landmark milestone of taking the Awfis public. Contributing to the profitable IPO and witnessing the transformation of Awfis right into a listed entity has been a supply of immense pleasure and fulfilment. I’m deeply grateful for the belief and help prolonged to me by the Board, my colleagues and the broader group all through this tenure. The collaborative spirit and resilience of this group have been really inspiring, and I’m assured that Awfis will proceed to scale better peak.”

The board has authorised the appointment of Sumit Rochlani as Chief Monetary Officer with impact from February 03, 2026, following suggestions from the Nomination and Remuneration Committee and approval of the Audit Committee. Rochlani will be part of as a Key Managerial Personnel and a part of the senior administration group.

Rochlani is a chartered accountant, having certified from the Institute of Chartered Accountants of India in 2009, and brings greater than 14 years of expertise throughout audit, controllership, monetary planning and evaluation, company finance, and oblique taxation.

He beforehand served as Head of Finance at Awfis between Might 2020 and Might 2022. Earlier than and after his earlier stint on the coworking agency, he was related to aerospace main Boeing for over a decade in whole.

The management change comes at a time when Awfis has reported combined monetary efficiency. Within the second quarter of FY26, the Peak XV-backed firm recorded a 25.5% year-on-year enhance in income from operations to Rs 366.9 crore, pushed largely by development in its coworking enterprise. Nevertheless, web revenue declined by practically 60% to round Rs 16 crore, as bills, together with depreciation and finance prices, rose at a quicker tempo.

The board has additionally authorised the chief monetary officer, as a part of the corporate’s Key Managerial Personnel, to find out the materiality of occasions or info and guarantee well timed disclosures below Regulation 30 of the SEBI Itemizing Obligations and Disclosure Necessities Laws, learn with the SEBI Grasp Round dated November 11, 2024.