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Smartworks Coworking Spaces Limited announced that its board approved the appointment of Dilip Deshmukh and Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five consecutive years, subject to shareholder approval. The board also approved a scheme to reduce the company’s share capital by utilizing Rs 385.62 crore from its Securities Premium Account to offset accumulated losses, a move that will not affect the face value or number of shares held by shareholders.

Smartworks Coworking Spaces Limited announced that its board approved the appointment of Dilip Deshmukh and Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five consecutive years, subject to shareholder approval. The board also approved a scheme to reduce the company’s share capital by utilizing Rs 385.62 crore from its Securities Premium Account to offset accumulated losses, a move that will not affect the face value or number of shares held by shareholders.

Smartworks Coworking Spaces Limited announced the allotment of 1,19,000 equity shares following the exercise of stock options under its Employee Stock Option Plan 2022, according to a regulatory filing on Monday. The allotment increases the company’s issued and paid-up equity share capital to Rs 1,14,38,10,760, divided into 11,43,81,076 equity shares. The company had previously received in-principle approval for these shares from the National Stock Exchange of India Limited and BSE Limited in August 2025.

Smartworks Coworking Spaces has expanded its presence in Delhi NCR with a new managed office at 4 Worldmark by Bharti Real Estate in Aerocity. Spanning ~1.41 lakh sq. ft., the new centre reflects the Company`s sustained focus on strengthening its footprint across key enterprise corridors and high-growth office markets. Located adjacent to Indira Gandhi International Airport, the centre places Smartworks in one of Delhi NCR`s fastest-growing commercial hubs, well connected and supported by a strong hospitality and business ecosystem. The location strengthens the Company`s ability to serve multinational corporations, GCCs, and large enterprises seeking premium, well-located managed workspace in the national capital region. By partnering with Bharti Real Estate on this asset, Smartworks continues to deepen its relationships with leading developers across India, building on existing associations with groups such as Hiranandani, Panchshil Realty, DLF, and Tata Realty, among others.

Net profit of Smartworks Coworking Spaces reported to Rs 13.15 crore in the quarter ended June 2026 as against net loss of Rs 4.20 crore during the previous quarter ended June 2025. Sales rose 44.05% to Rs 546.25 crore in the quarter ended June 2026 as against Rs 379.21 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales546.25379.21 44 OPM %63.3363.56 - PBDT263.28168.34 56 PBT17.57-5.57 LP NP13.15-4.20 LP Powered by Capital Market - Live News