Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting
Audit Opinion:
Clean opinion - Limited review report states nothing came to attention causing belief that financial statements contain material misstatement
Key Financial Highlights [₹ in Million]:
Standalone Results:
Revenue from Operations: ₹6,802.02 (Q1 FY27) vs ₹5,339.54 (Q1 FY26) - 27.4% YoY increase
Total Income: ₹6,970.27 (Q1 FY27) vs ₹5,442.93 (Q1 FY26)
Net Profit: (₹45.82) loss (Q1 FY27) vs (₹146.08) loss (Q1 FY26) - improvement of ₹100.26 million
EPS: (₹0.33) basic and diluted (Q1 FY27) vs (₹1.09) (Q1 FY26)
Paid-up Equity Share Capital: ₹1,385.90 million (Face Value ₹10 per share)
Consolidated Results:
Revenue from Operations: Not separately specified in consolidated results
Total Income: ₹7,007.40 (Q1 FY27) vs ₹5,457.13 (Q1 FY26)
Net Profit Attributable to Owners: (₹43.06) loss (Q1 FY27) vs (₹141.04) loss (Q1 FY26)
EPS: (₹0.31) basic and diluted (Q1 FY27) vs (₹1.05) (Q1 FY26)
Segment-wise Performance:
The Company operates in a single reportable segment as a managed workspace provider. No segment-wise breakdown provided as the Board views entire business as one segment. Operations domiciled entirely in India with no single external customer contributing 10% or more of revenue.
Corporate Actions:
1. Capital Reduction: Approved utilization of Securities Premium Account balance (₹21,589.99 million) to set off accumulated losses (₹20,501.60 million), resulting in residual balance of approximately ₹1,088.39 million. Requires shareholder approval via Special Resolution and NCLT sanction.
2. MOA Amendment: Approved alteration of Objects Clause to expand business scope to include e-commerce marketplaces, digital commerce platforms, mobile applications, web portals, and technology-enabled channels. Company to act as facilitator, intermediary, marketplace operator, collection agent, payment settlement facilitator, referral partner, or technology platform provider.
3. Share Capital Reclassification: Approved reclassification of authorized share capital from ₹10,000 million divided into 857.5 million equity shares and 142.5 million preference shares to ₹10,000 million divided into 1,000 million equity shares only (all of ₹10 face value).
4. ESOP Grants: Granted 29,386 Employee Stock Options under Equity Incentive Plan 2018 during the quarter.
5. ESOP Exercise: Allotted 3,212,244 equity shares on exercise of stock options, increasing paid-up capital from ₹1,353.78 million to ₹1,385.90 million.
Other Significant Information:
- Subsidiaries: WW Tech Solutions India Private Limited, Zoapi Innovations Private Limited
- Associate: MyHQ Anarock Private Limited
- Subsidiaries contributed revenues of ₹41.88 million and net profit of ₹5.67 million in Q1 FY27
- Associate contributed share of profit of ₹0.94 million in Q1 FY27
- Figures for quarter ended March 31, 2026 are derived balancing figures between audited FY26 and unaudited 9M FY26 figures