Smartworks Coworking Spaces Limited – Capacity Expansion Announcement (NSE: SMARTWORKS, BSE: 544447)

Introduction

Smartworks Coworking Spaces Limited (formerly Smartworks Coworking Spaces Private Limited) filed a notice with both the National Stock Exchange of India (NSE) and BSE on 17 July 2026. The filing, addressed to the listing departments of the exchanges, outlines a planned increase in the company’s operational capacity.

Key Highlights of the Capacity Addition

Item	Details
Existing capacity	13.7 Million sq ft (Leased) / 10.1 Million sq ft (Operational)
Current utilization	82 % of operational capacity
Proposed addition	Approximately 2.47 Lakh sq ft
Target completion	Within July 2026
Estimated investment	₹35.00 Crores (approx.)
Financing method	Internal accruals / issue proceeds
Rationale	Expand operational footprint to support business growth

Summary

• Capacity Expansion: The company intends to add roughly 247,000 sq ft of coworking space, raising its operational footprint beyond the current 10.1 Million sq ft.
• Utilization: Existing operational capacity is utilized at 82 %, indicating room for growth and the need for additional space.
• Funding: The ₹35 Crore required will be sourced from internal accruals and proceeds from any relevant issue, implying no immediate external debt.
• Timeline: The expansion is slated for completion within July 2026, aligning with the filing date.

Regulatory Details

• NSE Scrip Symbol: SMARTWORKS
• BSE Scrip Code: 544447
• ISIN: INE0NAZ01010

The filing was digitally signed by Punam Dargar, confirming the authenticity of the announcement.

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This article presents only the information disclosed in the corporate filing dated 17 July 2026.