WeWork India Management Ltd

WeWork India Management Ltd has received a show cause cum demand notice dated September 29, 2026, from the Office of the Principal Commissioner of CGST & CX, Mumbai East. The notice pertains to the period April 2021 to March 2023 and alleges excess availment and utilization of Input Tax Credit (ITC). The total demand includes ₹11,01,28,801/- (₹5,95,97,913/- IGST, ₹2,52,65,444/- CGST, and ₹2,52,65,444/- SGST), along with applicable interest and penalties. The company disputes the allegations and is preparing a detailed response, stating that it does not expect any material financial impact at this stage.

WeWork India Management Ltd has scheduled a Board Meeting for Monday, October 26, 2026. The board will consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026. Additionally, in accordance with SEBI regulations, the trading window for dealing in the company's securities will be closed from October 1, 2026. This restriction will apply to Designated Persons and their immediate relatives and will remain in effect until 48 hours after the declaration of the financial results.

WeWork India Management Ltd. has informed BSE that its Board of Directors will convene a meeting on October 26, 2026. The main purpose of this meeting is to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. In accordance with SEBI regulations, the trading window for the company's securities will be closed from October 1, 2026, and will reopen 48 hours after the declaration of these results. Designated Persons and their immediate relatives are prohibited from trading during this period.

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.

WeWork India Management Ltd has received in-principle approval from its Board of Directors to set up a 10 MWp captive solar power plant in Karnataka. The project, targeted for commissioning in FY27, aims to reduce electricity costs, increase renewable energy usage, and support sustainability goals. It is expected to generate 15-16 million units of clean electricity annually, powering ten WeWork India centers in Bengaluru and increasing the share of renewable electricity in its portfolio from 40% to approximately 50%. This investment aligns with the company's goal of transitioning to 100% renewable electricity by March 2028 and offers long-term energy cost certainty.

1 Ariel Way Tenant Limited, a seller, has disclosed the sale of 35,00,000 shares of WeWork India Management Limited on August 14, 2026, through an open market block trade. This transaction represents a 2.53% stake in the company. Following the sale, the seller's shareholding in WeWork India has reduced from 14.82% to 12.29%. The total equity share capital of WeWork India is 13,85,90,252 equity shares of Rs. 10/- each.

WeWork India Management Ltd has dispatched letters to members without registered email addresses, providing web links to the Notice of the 10th Annual General Meeting (AGM) and the Annual Report for FY 2025-26. The AGM is scheduled for August 24, 2026, via Video Conferencing. The documents are accessible online, and key dates for remote e-voting have been announced, with voting also available during the AGM. Members are advised to register their email addresses for future communications.

WeWork India Management Ltd has released its Annual Report for FY25-26, highlighting a strong performance with revenue growth of 23.4% to ₹4,774 Million. EBITDA expanded by 23.1% to ₹4,993 Million, and profit after tax more than doubled to ₹1,791 Million. The company achieved significant operational milestones, including a portfolio occupancy of 86.9% and crossing one lakh members. The report emphasizes the growing adoption of flexible workspaces in India, with WeWork India positioning itself to capitalize on this trend.

WeWork India Management Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. This report, integral to the company's Annual Report, details its operations and commitment to sustainability. The company's primary business activity is renting and operating office buildings and coworking spaces, contributing 98% of its turnover. WeWork India serves a diverse clientele, including Fortune 500 companies, large enterprises, GCCs, mid-sized businesses, startups, and independent professionals, operating exclusively within the domestic market. The report also outlines employee and worker demographics, including a segment for differently-abled individuals, across its 76 national locations.

WeWork India Management Ltd has issued a notice for its 10th Annual General Meeting (AGM) scheduled for Monday, August 24, 2026, at 12:00 noon IST. The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for FY 2025-26, the re-appointment of Mr. Adnan Mostafa Ahmad as a director, reclassification of authorized share capital, approval of reduction of share capital from the Securities Premium Account, and alteration of the Memorandum of Association. The cut-off date for determining voting eligibility is August 17, 2026, with remote e-voting commencing on August 20 and concluding on August 23, 2026.