WeWork India AGM Proposes ₹20,501 Crore Capital Reduction

The 10th AGM will be held on Monday, August 24, 2026, at 12:00 noon (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Key Dates:

Cut-off Date for determining Members eligible for voting: Monday, August 17, 2026
Remote e-voting period: Thursday, August 20, 2026 (9:00 AM IST) to Sunday, August 23, 2026 (5:00 PM IST)
Scrutinizer: Mr. Umesh P. Maskeri, Practicing Company Secretary

1. Item No. 1: Adoption of Audited Standalone Financial Statements for FY 2025-26

2. Item No. 2: Adoption of Audited Consolidated Financial Statements for FY 2025-26

3. Item No. 3: Re-appointment of Mr. Adnan Mostafa Ahmad (DIN: 10838524) as a director liable to retire by rotation

4. Item No. 4: Reclassification of Authorised Share Capital and alteration to Memorandum of Association (Ordinary Resolution)

Current: ₹10,00,00,00,000 divided into 85,75,05,674 Equity Shares of ₹10 each and 14,24,94,326 Compulsorily Convertible Preference Shares (CCPS) of ₹10 each
Proposed: ₹10,00,00,00,000 divided into 1,00,00,00,000 Equity Shares of ₹10 each
Rationale: All CCPS were converted to equity shares prior to IPO (November 28, 2024)

5. Item No. 5: Approval of Reduction of Share Capital (Securities Premium Account) (Special Resolution)

Amount: ₹20,50,15,96,839 (Rupees Two Thousand Fifty Crore Fifteen Lakh Ninety-Six Thousand Eight Hundred Thirty-Nine)
Purpose: To set off accumulated losses of equivalent amount (₹20,50,15,96,839) as of March 31, 2026
Impact: No change in issued, subscribed, or paid-up share capital; no payment to shareholders; shareholding pattern remains unchanged
Approval Required: National Company Law Tribunal (NCLT) sanction
Post-reduction Securities Premium Balance: ₹1,08,83,88,268

6. Item No. 6: Alteration of Objects Clause of Memorandum of Association (Special Resolution)

Expansion to include digital commerce platforms, technology-enabled ecosystems, and acting as marketplace operator/facilitator

Current Issued, Subscribed and Paid-up Capital: ₹1,38,59,02,520 (13,85,90,252 equity shares of ₹10 each)
Shareholding Pattern: Promoter & Promoter Group (48.29%), Non-Promoter Public (51.71%)
ESOP Allotments Post-March 2026:
April 25, 2026: 18,15,944 shares
May 30, 2026: 13,87,228 shares
June 2, 2026: 9,072 shares