Business Update11 Feb 2026, 02:28 pm
Smartworks Coworking Spaces Ltd Expands Operational Capacity by 1,82,300 Sq. Ft in Mumbai
AI Summary
Smartworks Coworking Spaces Ltd has entered into a lease deed for capacity addition in Mumbai, admeasuring 1,82,300 Sq. Ft. This expansion will result in an increase in the company's operational capacity. The new capacity is expected to be added within February 2026, with an investment of approximately INR 25.00 Crores. The rationale behind this capacity expansion is to support business growth and expand the company’s operational footprint.
Key Highlights
- Smartworks Coworking Spaces Ltd is expanding its operational capacity by 1,82,300 Sq. Ft in Mumbai.
- The expansion is expected to be completed within February 2026.
- The investment required for this expansion is approximately INR 25.00 Crores.
- The expansion will be financed through internal accruals or issue proceeds.
- The capacity expansion is aimed at supporting business growth and expanding the company’s operational footprint.