Corporate Governance12 Nov 2026, 10:51 pm
Smartworks Coworking: Monitoring Agency Report for Q2 FY27
AI Summary
Smartworks Coworking Spaces Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, confirms that the utilization of IPO proceeds amounting to Rs. 445.00 crore has been in line with the objects stated in the offer document. A minor unutilized amount of Rs. 3.99 crore from offer expenses has been approved by the board to be utilized for General Corporate Purposes (GCP), which is within the permissible limits as per SEBI ICDR Regulations. The company's website also provides access to this information.
Key Highlights
- Monitoring Agency Report for Q2 FY27 submitted.
- IPO proceeds utilization aligned with offer document.
- Minor unutilized offer expenses reallocated to GCP.
- No material deviations observed in fund utilization.
Price Impact
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