Date: 25th June, 2026
Board Meeting Outcomes
The Board of Directors of the Company at its meeting held on 25th June, 2026 took note of the proposed acquisition of WorkStudio Spaces Pte. Ltd., Singapore ("WorkStudio") by Smartworks Space Pte. Ltd., a wholly owned subsidiary of the Company. The acquisition was approved by the Audit Committee of the Company and is subject to requisite approval(s).
Disinvestment / Strategic Actions
Acquisition Details:
- Smartworks Space Pte. Ltd. (wholly-owned subsidiary) will acquire WorkStudio Spaces Pte. Ltd., Singapore
- Acquisition will add approximately 26,000 square feet of capacity
- Expected completion by July 2026, subject to requisite approvals and execution of transaction documents
- No direct investment required from parent company (Smartworks Coworking Spaces Limited)
- No mode of financing required from parent company
Strategic Rationale:
- Strengthens Smartworks' presence in Singapore by expanding its coworking and flex space portfolio
- Expands portfolio in a key international business hub
- Upon completion, Smartworks' portfolio in Singapore will grow to four centres with approximately 76,000 square feet
- More than doubles the company's footprint in Singapore over the past two years
- Enhances market presence and improves ability to serve enterprise clients
- Supports long-term growth in Asia
Operational Capacity Details
Existing Capacity (as at 31st March, 2026):
- Operational Capacity: 10.1 Million Square Feet
- Capacity Utilization: 82% (Operational Capacity)
Company Secretary Details
Membership Number: A56987
Corporate Office Address: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002