Smartworks Coworking Spaces Management Change
Smartworks appointed Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive and Independent Directors. The appointments were approved by the Board on June 25, 2026.
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Smartworks appointed Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive and Independent Directors. The appointments were approved by the Board on June 25, 2026.
Smartworks plans to add ~70,000 sq ft of capacity in Singapore via acquisition. This expansion aims to strengthen its presence in Asia by July 2026.
Smartworks is acquiring WorkStudio Spaces Pte. Ltd. in Singapore. This expansion grows its Singapore footprint to approximately 76,000 sq. ft.
Smartworks Coworking Spaces appointed MUFG Intime India Private Limited as its Registrar and Share Transfer Agent. This administrative update ensures continuity in investor servicing.
Smartworks' RTA changed from CB Management to MUFG Intime India due to a merger. This is an administrative update with no financial impact.
Smartworks expands in Singapore with a new 15,000 sq. ft. centre at Manulife Tower. This strengthens its international footprint and growth momentum.
Smartworks secured a five-year leasing contract for 400+ seats from a Japanese NBFC in Mumbai. The deal is estimated to generate ₹35 Crore in rental revenue.
Smartworks Coworking Spaces submitted its Annual Secretarial Compliance Report for the financial year 2026. The auditor reported nil non-compliance, confirming the company's adherence to SEBI regulations.
CARE Ratings reaffirmed Smartworks Coworking Spaces Limited's credit ratings at 'CARE A; Stable' and 'CARE A1'. This covers bank facilities totaling ₹360 Crore following its successful IPO.
Smartworks leased a new ~4.92 lakh sq. ft. campus at Sattva Aura, Bengaluru. The expansion strengthens its managed office presence in India's premier technology corridor.
Smartworks added 4,92,661 Sq. Ft of office capacity in Bengaluru for ₹70 Crore. The expansion supports business growth and is funded via internal accruals.
Smartworks reported strong FY26 performance with Revenue at ₹17,958 Mn and Normalised EBITDA margin expanding to 17.5%. The company hit 10.1 Msf operational SBA.
Smartworks added 4,02,200 Sq. Ft to its Gurugram capacity with a ₹60 Crore investment. The expansion supports business growth and increases its operational footprint by 2026.
Smartworks transitioned to a 'compounding phase' in Q3FY26, hitting record revenue and EBITDA while turning PAT positive under IndAS.
Smartworks Coworking Spaces Limited filed its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by CARE Ratings Limited, confirms the utilization of ₹445 Crore raised via its IPO. No deviations were observed from the objects stated in the offer document, and ₹140.22 Crore remains unutilized as of March 31, 2026.
Smartworks Coworking Spaces Ltd released its FY26 Shareholders' Letter, reporting ₹1,796 Crore revenue and achieving PAT profitability of ₹97 Crore. The company crossed 10.1 million sq. ft. of operational area and secured ₹5,200+ Crore in contracted rental revenue. Management highlighted a structural shift toward managed office campuses and a transition to a self-funding, cash-compounding business model.
Smartworks achieved 24% YoY growth, reaching 16.1 Msf SBA and 10.1 Msf operational scale. Strategy focuses on enterprise-led demand (90% rental revenue) and high rental visibility with 89% mature occupancy.
Smartworks reported strong Q4FY26 performance, achieving ₹17,958 Mn annual revenue with a 17.5% normalized EBITDA margin, transitioning into a self-sustaining cash-compounding phase.
Smartworks Coworking Spaces Ltd reported consolidated total income of ₹1,849.90 Crore for FY26, with a net profit of ₹10.53 Crore. The company successfully completed its IPO during the year, listing on July 17, 2025. Standalone revenue grew significantly to ₹1,746.01 Crore, reflecting strong operational expansion in the managed office space sector.
Smartworks reported record FY26 results with revenue up 31% to ₹1,796 Crore and its first full year of PAT profitability at ₹11 Crore. The company crossed 10 million sq. ft. of operational area and entered FY27 with over ₹5,200 Crore in contracted rental revenue, demonstrating strong growth and improved capital efficiency.
Smartworks Coworking Spaces Ltd reported revenue from operations of ₹519.7 Cr (+45.0% YoY) and net profit of ₹16.6 Cr for Q4 FY26.
Smartworks Coworking Spaces Ltd reported audited consolidated revenue of ₹1,795.81 Crore and a net profit of ₹10.53 Crore for the financial year ended March 31, 2026. The company successfully completed its IPO during the year, with shares listed on NSE and BSE in July 2025. Deloitte Haskins & Sells LLP issued an unmodified audit opinion.
Smartworks Coworking Spaces Limited has scheduled a board meeting on April 30, 2026, to consider and approve audited standalone and consolidated financial results for the year ended March 31, 2026. The company also confirmed that the trading window for designated persons remains closed until May 2, 2026.
Smartworks Coworking Spaces Ltd has scheduled a Board Meeting on April 30, 2026, to approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window for company securities is currently closed and will reopen 48 hours after the results are declared.
Smartworks Coworking Spaces Limited crossed 10 million sq. ft. of operational portfolio, becoming India's first listed flex space provider to reach this scale. This follows the operationalisation of the Tata Intellion Park centre in Mumbai. The company reported Q3 FY26 revenue of ~₹472 Crore, marking a 34% year-on-year growth with 93% occupancy in mature centres.
Smartworks Coworking Spaces Limited submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the period ended March 31, 2026. The filing confirms that security dematerialisation details have been furnished to depositories and stock exchanges. This is a routine administrative disclosure with no material financial impact.
Smartworks expanded its multi-city managed office partnership with a Forbes 2000 global CX leader, adding 1,150 seats in Mumbai. The total client portfolio now exceeds 5,000 seats across four cities, with combined expected rental revenue surpassing ₹155 Crore. This expansion highlights strong enterprise demand for large-format, multi-city managed office campuses.