Smartworks Coworking Spaces Ltd

Smartworks Coworking Spaces Limited announced that its board approved the appointment of Dilip Deshmukh and Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five consecutive years, subject to shareholder approval. The board also approved a scheme to reduce the company’s share capital by utilizing Rs 385.62 crore from its Securities Premium Account to offset accumulated losses, a move that will not affect the face value or number of shares held by shareholders.

Smartworks Coworking Spaces Limited announced that its board approved the appointment of Dilip Deshmukh and Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five consecutive years, subject to shareholder approval. The board also approved a scheme to reduce the company’s Securities Premium Account by Rs 3,85,61,76,525 to eliminate accumulated losses, a move that will not affect the issued, subscribed, or paid-up share capital or the percentage shareholding of existing shareholders.

Smartworks Coworking Spaces Limited announced that its board approved the appointment of Dilip Deshmukh and Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five consecutive years, subject to shareholder approval. The board also approved a scheme to reduce the company’s share capital by utilizing Rs 385.62 crore from its Securities Premium Account to offset accumulated losses, a move that will not affect the face value or number of shares held by shareholders.

Smartworks Coworking Spaces Limited announced the allotment of 1,19,000 equity shares following the exercise of stock options under its Employee Stock Option Plan 2022, according to a regulatory filing on Monday. The allotment increases the company’s issued and paid-up equity share capital to Rs 1,14,38,10,760, divided into 11,43,81,076 equity shares. The company had previously received in-principle approval for these shares from the National Stock Exchange of India Limited and BSE Limited in August 2025.

Net profit of Smartworks Coworking Spaces reported to Rs 13.15 crore in the quarter ended June 2026 as against net loss of Rs 4.20 crore during the previous quarter ended June 2025. Sales rose 44.05% to Rs 546.25 crore in the quarter ended June 2026 as against Rs 379.21 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales546.25379.21 44 OPM %63.3363.56 - PBDT263.28168.34 56 PBT17.57-5.57 LP NP13.15-4.20 LP Powered by Capital Market - Live

Smartworks Coworking Spaces (Smartworks) has expanded its engagement with L&T Technology Services (LTTS) through the addition of over 1,100 seats in Pune. With this expansion, LTTS's managed office portfolio with Smartworks has grown to over 2,750 seats across cities, reflecting the continued growth of a long-standing, multi-city enterprise engagement. The combined expected rental revenue from these locations is estimated at Rs 115 crore, which includes the Pune expansion of Rs 55 crore for a tenure of 60 months.

Under the latest expansion, Smartworks has leased more than 930 additional seats to the client at its Pune campus. This increases the client's total occupancy with the company to over 1,730 seats. The new agreement is for 60 months and is expected to generate committed rental revenue of approximately Rs 58 crore. Combined with the existing engagement, the total expected rental commitment from the client is estimated at around Rs 102 crore. Smartworks said enterprise customers continue to be its key growth driver. Clients with 300 or more seats contributed around 69% of rental revenue as of 31 March 2026, while multi-city clients accounted for approximately 31% of total revenue. More than 90% of the company's revenue came from enterprise customers. As of 31 March 2026, Smartworks managed approximately 16.1 million sq. ft. of office space across 66 centres in 15 cities in India and Singapore. The company provides managed office campuses for large enterprises by leasing commercial buildings and offering integrated workspace solutions. On a consolidated basis, Smartworks Coworking Spaces reported net profit of Rs 16.62 crore in Q4 March 2026 as against net loss of Rs 8.30 crore in Q4 March 2025. Net sales rose 44.99% YoY to Rs 519.68 crore in Q4 March 2026. Powered by Capital Market - Live

Smartworks Coworking Spaces has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm in Pune. With this addition, the client's total seat count with Smartworks now stands at over 1,730 seats. The 60-month engagement is expected to generate committed rental revenue of Rs 58 crore. Combined with the existing engagement, the expected rental commitment is estimated at Rs 102 crore.

Smartworks Coworking Spaces will hold a meeting of the Board of Directors of the Company on 22 July 2026.

Smartworks Coworking Spaces announced the completion of its acquisition of Workstudio Spaces (Workstudio), a Singapore-based coworking and flexible workspace provider, through its wholly owned subsidiary, Smartworks Space. The completion of the acquisition further strengthens Smartworks' presence in Singapore's enterprise workspace market and expands its managed office portfolio in one of Asia's leading business hubs. With the addition of Workstudio, Smartworks' Singapore portfolio has expanded to four operational centres, increasing its footprint to ~76,000 sq. ft. with a seating capacity of over 1,500. The acquisition also brings over 45 clients across diverse industry sectors into the Company's Singapore portfolio.