Smartworks Coworking Spaces Ltd

Smartworks Coworking Spaces Ltd has completed the dispatch of letters containing a weblink to access the Notice of its 11th Annual General Meeting (AGM) and the Annual Report for the Financial Year 2025-26. This communication is specifically for shareholders who have not registered their email addresses. The AGM is scheduled for September 22, 2026. The company has also provided direct web links for the AGM notice and the Annual Report on its website and other platforms like NSDL and BSE, encouraging shareholders to register their email for future electronic communications.

Smartworks Coworking Spaces Ltd has filed its Business Responsibility and Sustainability Reporting (BRSR) for the Financial Year 2025-26. This report, a mandatory component of the Annual Report, details the company's performance and commitments in environmental, social, and governance aspects. The BRSR is available on the company's website and forms an integral part of their disclosures. The report covers general disclosures, business activities, and operational details, including market reach and customer base. Smartworks operates on a consolidated basis, including its wholly-owned subsidiaries, and serves primarily mid to large enterprises.

Smartworks Coworking Spaces Ltd announced its 11th Annual General Meeting (AGM) scheduled for September 22, 2026, to be held via Video Conferencing. The company has dispatched its Annual Report for the Financial Year 2025-26 along with the AGM notice to shareholders on September 29, 2026. The report includes audited standalone and consolidated financial statements, auditors' report, and the board's report. Key agenda items include the adoption of financial statements and the re-appointment of Mr. Atul Gautam as Non-Executive Director. Additionally, the appointment of Mr. Dilip Deshmukh as a Non-Executive Independent Director will be considered. Shareholders can participate in remote e-voting from September 19 to September 21, 2026, with a cut-off date of September 15, 2026, for eligibility.

Smartworks Coworking Spaces Ltd has announced its 11th Annual General Meeting (AGM) will be held on September 22, 2026, via Video Conferencing. The company has also released its Annual Report for the Financial Year 2025-26, along with the AGM notice, to shareholders on September 29, 2026. The report and notice are available on the company's website and stock exchange portals. Shareholders can participate in e-voting from September 19 to September 21, 2026, with a cut-off date of September 15, 2026, for eligibility. The AGM agenda includes adopting the audited financial statements for FY26, re-appointing Mr. Atul Gautam as a Non-Executive Director, and appointing Mr. Dilip Deshmukh as a Non-Executive Independent Director.

Smartworks Coworking Spaces Ltd announced a significant corporate action following a Board of Directors meeting on August 24, 2026. The company plans to reduce its share capital by utilizing ₹385.61 crore from its Securities Premium Account to fully offset accumulated losses of ₹385.61 crore as of March 31, 2026. This move aims to present a true and fair financial view without altering the issued share capital, number of shares, or shareholder percentages. The proposal requires member approval via a special resolution and sanction from the National Company Law Tribunal. Additionally, the Board recommended the appointment of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a five-year term.

Smartworks Coworking Spaces Ltd announced board resolutions from its meeting 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 company approved a scheme for Reduction of Share Capital, utilizing the Securities Premium Account to offset accumulated losses as of March 31, 2026. This reduction will not affect the issued share capital or shareholder holdings. The appointments and capital reduction are subject to member and regulatory approvals.

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.

Smartworks Coworking Spaces Ltd has announced an incremental contracted rental revenue of approximately INR 235 crore, driven by expansion mandates from existing enterprise clients. This revenue is based on leasing agreements with tenures up to 60 months and adds to the company's existing contracted rental revenue base of approximately INR 5,400 crore as of June 30, 2026. The expansions involve Fortune 500, Forbes 2000 companies, and large Indian conglomerates, highlighting the growing demand for managed, scalable workspaces as India solidifies its role as a global execution hub. Approximately 92% of Smartworks' revenue comes from enterprise clients, with 35% from multi-city clients, underscoring its position as a preferred partner for large organizations.

Smartworks Coworking Spaces Ltd announced a significant capacity addition of approximately 176,285 Sq. Ft in Pune. This expansion is slated to be completed within August 2026 and requires an investment of up to INR 28.00 Crores. The rationale behind this move is to support business growth and broaden the company's operational footprint. The company's existing capacity stands at 14.5 Million Sq. Ft, with an operational capacity utilization of 81% as of June 30, 2026. Financing for this expansion will be sourced through internal accruals, issue proceeds, or external debt.

Smartworks Coworking Spaces Ltd has opened a new managed office in Aerocity, Delhi NCR, spanning approximately 1.41 lakh sq. ft. This expansion into a rapidly growing business hub, located near Indira Gandhi International Airport, strengthens Smartworks' position in serving multinational corporations and large enterprises. The new centre features enterprise-grade infrastructure and hospitality-led employee experience, within an IGBC Platinum Certified building. This move aligns with the company's strategy to enhance its footprint in key enterprise corridors and high-growth markets, following a recent Q1 FY27 report of ₹546 crore revenue, up 44% year-on-year.