Smartworks Coworking Spaces Ltd

New deals and revenue impact

• New managed office deals totaling ~INR 305 crore signed.
• Deals are up to 60 months across multiple cities.
• New clients include a Fortune 500-backed technology solutions firm.
• Other clients span research/consulting, healthcare, sportswear, and CXM services.
• Signings build on Smartworks' existing demand momentum.
• Incremental contracted rental revenue from new deals: ~INR 305 crore.
• Total incremental revenue from new and existing expansions: ~INR 540 crore.
• Base contracted rental revenue stood at ~INR 5,400 crore as of June 30, 2026.
• Expansion pipeline secured for FY27 and FY28, partially for FY29.
• Smartworks serves 760+ clients with ~92% revenue from large corporates.

AGM Details

• 11th AGM held on 22 September 2026 via VC/OAVM.
• Commenced at 3:34 PM IST.

Key Resolutions

• Ordinary: Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Atul Gautam as non-executive director, retiring by rotation.
• Special: Appoint Dilip Deshmukh as non-executive independent director.
• Special: Appoint Rajeev Krishnamuralilal Agarwal as non-exec independent director.
• Special: Approve consultancy/advisory services from Atul Gautam (director).
• Special: Enhance limits under Section 180(1)(a) of Companies Act 2013.
• Special: Enhance limits under Section 186 of the Companies Act 2013.
• Special: Approval of Scheme for Reduction of Share Capital via Securities Premium.

Voting & Outcome

• Voting conducted via remote e-voting and at the AGM.
• Combined results to be announced and displayed on company and NSDL websites.
• Scrutinizer appointed for AGM voting.
• Meeting concluded post e-voting.

Meeting Details

• Date and time: 8 Sep 2026, 9 AM (IST) onwards.
• Type and mode: In-person group/one-on-one meetings.
• Event: Ambit REIT & Alternative Real Estate Conference.
• Location: Mumbai.
• Participants: Company representatives (roles not specified) to participate.
• Purpose: Analyst/institutional investor meeting during the conference.

Notice and access update

• Dispatch of weblink notices completed on 31 August 2026 for shareholders without registered email addresses.
• Weblink provides access to the Notice of the 11th AGM and the FY2025-26 Annual Report.
• Notices will also be hosted on the company's investor website.
• A copy of the sample letter is enclosed with the communication.

Subject and governance

• BRSR for FY2025-26 filed with SEBI under Listing Regulations.
• ESG policy approved by Board; ESG Committee oversight.
• Company Secretary Punam Dargar is highest BR policy authority.
• No material fines or regulatory actions in FY2025-26.

ESG roadmap and certifications

• 3-year ESG roadmap FY25-26 to FY27-28 with measurable targets.
• IGBC Platinum and LEED Gold certifications achieved this year.
• 9 MWp captive solar project and IoT energy optimization.

Environmental metrics and emissions

• Scope 1 emissions: 549.08; Scope 2: 58,861.59 tCO2e.
• Total Scope 3: 43,434.51 tCO2e; turnover intensity 0.0000025.
• Total energy: 303,040 GJ; energy intensity 0.0000034 per turnover.

Financial performance

• Consolidated revenue from operations: Rs 17,958.05 million.
• Consolidated PAT: Rs 105.28 million.
• EBITDA (reported): Rs 11,551.21 million.
• Normalised EBITDA: Rs 3,143.97 million.
• Normalised EBITDA margin: 17.5%.
• Normalised ROCE: 16.0%.

Capital structure & liquidity

• Net debt negative: Rs (342.8) million.
• Net cash from operating activities: Rs 11,971.63 million.

Operational footprint

• Total footprint: 16.1 Msf across 66 centres.

IPO & proceeds

• IPO proceeds deployed.

Board approvals

• Appointment of Dilip Deshmukh as Non-Executive Independent Director for 5-year term, subject to shareholder approval.
• Appointment of Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Director for 5-year term, subject to shareholder approval.
• Directors are not debarred from holding office by SEBI or any other authority.
• Reduction of Securities Premium to offset accumulated losses; SP balance ₹7,982,214,923 as of 31-Mar-2026.
• Proposed reduction amount ₹3,856,176,525; residual SP balance ₹4,126,038,398; subject to special resolution and NCLT.
• No change in issued, subscribed or paid-up capital; no cash payment to shareholders.
• Board meeting held on 24-Aug-2026, 03:30–04:25 IST.