Event Details

The 10th Annual General Meeting of WeWork India Management Limited was held on Monday, August 24, 2026, at 12:00 noon (IST) through Video Conferencing / Other Audio-Visual Means.

The deemed venue was the Registered Office of the Company at 6th Floor, Prestige Central, 36, Infantry Road, Shivaji Nagar, Bengaluru – 560001.

Attendees

Directors and Management Present:

  • Mr. Jitendra Virwani - Chairman & Non-Executive Director
  • Mr. Karan Virwani - Managing Director & Chief Executive Officer
  • Mr. Manoj Kohli - Independent Director and Chairman of the Audit Committee
  • Ms. Mahua Acharya - Independent Director and Chairperson of the Stakeholders Relationship Committee
  • Ms. Anupa Sahney - Independent Director and Chairperson of the Nomination & Remuneration Committee
  • Mr. Clifford Lobo - Chief Financial Officer
  • Mr. Udayan Shukla - Company Secretary & Compliance Officer
  • Mr. Vinayak Parameswaran - Chief Investment Officer

Absent:

  • Mr. Adnan Mostafa Ahmad - Nominee Director (due to prior commitments)

Other Attendees:

  • Mr. Nikunj Shah - Partner and representative of S.R. Batliboi & Associates LLP, Statutory Auditors
  • Mr. Umesh Parameshwar Maskeri (FCS: F4831 and COP No. 12704) - Secretarial Auditor and Scrutinizer

Meeting Proceedings

Mr. Udayan Shukla, Company Secretary, confirmed requisite quorum was present and welcomed members. Mr. Jitendra Virwani chaired the meeting.

The following documents were available for electronic inspection during the meeting:

  • Register of Directors and Key Managerial Personnel and their shareholding
  • Register of Contracts or Arrangements in which Directors are interested
  • Certificate from Secretarial Auditor confirming ESOP Plans implementation compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Voting Details

Remote e-voting was conducted through National Securities Depository Limited (NSDL) from Thursday, August 20, 2026, at 9:00 a.m. (IST) to Sunday, August 23, 2026, at 5:00 p.m. (IST). Electronic voting during the AGM remained open for 15 minutes after the conclusion of proceedings.

Business Transacted

The following resolutions were voted upon:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements

2. Adoption of Audited Consolidated Financial Statements

3. Re-appointment of Mr. Adnan Mostafa Ahmad (DIN: 10838524) as a director liable to retire by rotation

Special Business:

4. Reclassification of Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association

5. Approval of Reduction of Share Capital (Securities Premium Account)

6. Alteration of the Objects Clause of the Memorandum of Association

Management Presentations

Mr. Jitendra Virwani, Chairman, reflected on the Company's journey and the structural transformation of India's flexible workspace industry, highlighting growing enterprise adoption and the significance of the past year as a new chapter post-listing.

Mr. Karan Virwani, MD & CEO, presented an overview of operational and financial performance during FY 2025-26, including:

  • Expansion of workspace portfolio
  • Growth in membership and occupancy
  • Improvement in profitability and cash generation
  • Strengthening of balance sheet
  • Diversified product portfolio and technology-led capabilities
  • People and sustainability initiatives
  • Structural growth drivers of India's flexible workspace industry
  • Strategic priorities and growth outlook for FY 2026-27

Additional Information

The Statutory Auditors' Report and Secretarial Audit Report contained no qualifications, observations, comments or other remarks having an adverse effect on the Company's functioning.

A Question-and-Answer session was conducted where registered speaker shareholders raised questions, which were responded to by the MD & CEO and management team.

The meeting concluded at 1:28 p.m. (IST) upon closure of the e-voting facility.