Expansion7 Jul 2026, 10:30 pm
Smartworks Adds 1.64 Lakh Sq. Ft. Capacity in Pune
AI Summary
Smartworks Coworking Spaces Ltd has announced a significant capacity expansion by adding 1,63,942 Sq. Ft. to its existing infrastructure in Pune. This expansion is planned to be completed within July 2026 and is estimated to require an investment of approximately ₹25.00 Crores. The company plans to finance this expansion through internal accruals or issue proceeds. The rationale behind this move is to support business growth and broaden the company's operational footprint. The disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Company adds 1,63,942 Sq. Ft. of coworking space in Pune.
- Expansion expected to be completed by July 2026.
- Investment estimated at ₹25 Crores, funded internally or via issue proceeds.
- Expansion aims to support business growth and operational footprint.
- Existing capacity stands at 13.7 Million Sq. Ft. as of March 31, 2026.
Price Impact
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