WeWork India Reduces Share Capital via Securities Premium Account

WeWork India Management Ltd's Board of Directors has approved a reduction of share capital by utilizing the Securities Premium Account to offset accumulated losses as of March 31, 2026. This move aims to present a true and fair financial position without altering issued, subscribed, or paid-up capital, or shareholder holdings. The Board also approved unaudited financial results for Q1 FY27 and proposed alterations to the Memorandum of Association, including expanding the objects clause for e-commerce activities and reclassifying authorized share capital. These changes require member and NCLT approval.