News

Smartworks Coworking Spaces has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm in Pune. With this addition, the client`s total seat count with Smartworks now stands at over 1,730 seats. The 60-month engagement is expected to generate committed rental revenue of Rs 58 crore. Combined with the existing engagement, the expected rental commitment is estimated at Rs 102 crore.

Smartworks Coworking Spaces will hold a meeting of the Board of Directors of the Company on 22 July 2026.

Smartworks Coworking Spaces announced the completion of its acquisition of Workstudio Spaces (Workstudio), a Singapore-based coworking and flexible workspace provider, through its wholly owned subsidiary, Smartworks Space. The completion of the acquisition further strengthens Smartworks` presence in Singapore`s enterprise workspace market and expands its managed office portfolio in one of Asia`s leading business hubs. With the addition of Workstudio, Smartworks` Singapore portfolio has expanded to four operational centres, increasing its footprint to ~76,000 sq. ft. with a seating capacity of over 1,500. The acquisition also brings over 45 clients across diverse industry sectors into the Company`s Singapore portfolio.

Smartworks Coworking Spaces has announced the strengthening of its Board with the appointment of Rajeev Krishnamuralilal Agarwal as an Additional Non-Executive and Independent Director of the Company, and the recommendation for the appointment of Justice (Retd.) Dilip Deshmukh as a Non-Executive and Independent Director of the Company, subject to the approval of the Company`s shareholders. Rajeev Krishnamuralilal Agarwal is a distinguished former Whole-Time Member of the Securities and Exchange Board of India (SEBI) and an Indian Revenue Service (IRS) officer from the 1983 batch. During his tenure at SEBI, he oversaw key policy and regulatory areas including securities markets, mutual funds, foreign portfolio investments, market intermediaries, surveillance and enforcement. He also played an important role in significant regulatory reforms, including the introduction of the Offer for Sale (OFS) mechanism, strengthening market governance frameworks, and enhancing investor protection. He currently serves on the boards of several leading listed and financial services companies. Justice (Retd.) Dilip Deshmukh is a distinguished legal and judicial veteran with over four decades of experience across the judiciary and corporate adjudication. He previously served as Chairman of the Company Law Board (now the National Company Law Tribunal) and as a Judge of the Chhattisgarh High Court. Following his judicial tenure, he has established a practice in domestic and international arbitration. His deep expertise in corporate law, governance and judicial administration will further enhance the Board`s governance capabilities.  

Smartworks Coworking Spaces has expanded its presence in Singapore through its wholly owned subsidiary Smartworks Space, with the addition of a new managed office space at Manulife Tower in the heart of Singapore`s Central Business District (CBD). With this addition, the company`s total footprint in Singapore grows to over 50,000 sq. ft., underscoring its commitment to delivering world-class managed workspace solutions across the city-state. The new fully serviced office space spans over 15,000 sq. ft. within the LEED Gold and Green Mark Gold certified Manulife Tower, designed to serve the full spectrum of enterprises - from high-growth businesses to Fortune 500 companies and Global Capability Centres (GCCs). Strategically positioned directly above Telok Ayer MRT station and within a five-minute walk of Raffles Place MRT, the office space places members within easy reach of a wide range of dining options, retail outlets, and wellness facilities, including gyms and fitness studios in the immediate vicinity.