Smartworks Board Approves Director Appointments & Share Capital Reduction

Smartworks Coworking Spaces Ltd announced outcomes from its Board Meeting held on August 24, 2026. The Board recommended the appointment of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five years each. Additionally, the Board approved a scheme for the Reduction of Share Capital, utilizing the Securities Premium Account to offset accumulated losses of INR 3,85,61,76,525 as of March 31, 2026. This move aims to present a true and fair financial view without impacting issued share capital or shareholder holdings.