WeWork India Applies to NCLT for Share Capital Reduction

WeWork India Management Ltd has filed an application with the National Company Law Tribunal (NCLT), Bengaluru Bench, seeking sanction for the reduction of its share capital. This move involves utilizing ₹20,501.60 million from the Securities Premium Account to fully offset accumulated losses of the same amount as of March 31, 2026. The objective is to eliminate these losses from the company's books and present a more accurate financial position. This application follows prior approvals from the Board of Directors and Members.