Embassy Buildcon LLP, the promoter of WeWork India Management Limited , has filed a regulatory disclosure regarding the encumbrance of equity shares in compliance with SEBI Circular dated March 07, 2022. The disclosure, submitted on March 12, 2026, details pledge agreements that encumber 20.67% of the promoter's total shareholding in the listed company.

Shareholding and Encumbrance Details

Embassy Buildcon LLP holds a total of 6,67,39,898 equity shares in WeWork India Management Limited, representing 49.797% of the company's total share capital. The encumbered shares constitute 20.67% of the promoter's shareholding, which exceeds the 20% threshold of total share capital, triggering the mandatory disclosure requirement under SEBI regulations.

Pledge Agreement Structure

The encumbrance involves two separate pledge agreements executed on different dates. The first encumbrance, dated February 26, 2026, covers 2,41,03,489 shares representing 17.98% of the total share capital. The second encumbrance, dated March 10, 2026, involves 36,00,000 shares representing 2.69% of the total share capital.

Security and Financial Arrangements

The pledged shares serve as security for secured, unrated, redeemable, unlisted non-convertible debentures issued by Serenesummit Realty Private Limited. Catalyst Trusteeship Limited acts as the trustee for these debenture arrangements. The debentures have a face value of ₹10.00 lakh each and are not listed on any stock exchange.

The total amount involved against which shares have been encumbered stands at ₹577.50 crore. Based on the share value of ₹521.25 per share on the date of the agreement, the total value of pledged shares amounts to ₹12,56,39,43,641.25, providing a security cover ratio of 2.17 times the borrowed amount.

Debenture Series and Utilization

The debenture structure comprises multiple series with specific ISIN codes including Series A, Series B1-B4, Series C1-C3, and Series 2-3. The proceeds from these debentures are designated for general corporate purposes and payment of costs, fees, and expenses related to the debenture issuance.

Regulatory Compliance

The disclosure has been submitted to both the National Stock Exchange of India Limited and BSE Limited, where WeWork India Management Limited shares are listed under the symbol WEWORK and scrip code 544570 respectively. The filing ensures compliance with SEBI's transparency requirements for promoter share encumbrances exceeding specified thresholds.

WeWork India Management Limited has announced a strategic capacity expansion at its Pune location, entering into a new Leave and License Agreement for an additional 41,621 square feet of operational space. This development, disclosed under SEBI Regulation 30, represents the company's continued investment in expanding its co-working infrastructure to meet growing market demand.

Capacity Expansion Details

The expansion will add approximately 575 desks to the company's operational capacity at the Pune location. This capacity addition follows an earlier disclosure dated February 24, 2026, indicating ongoing development activities at the site.

Current Operational Metrics

As of December 31, 2025, WeWork India Management Limited operates with substantial scale across its network. The company's existing infrastructure demonstrates strong utilization rates, supporting the rationale for continued expansion.

Strategic Rationale

The company has outlined clear strategic objectives for this capacity expansion:

• Catering to incremental demand in the Pune market
• Enhancing operational capacity in line with business growth
• Strengthening market position in key commercial locations

Financial and Timeline Considerations

The expansion requires an approximate investment of ₹9 crore, which the company plans to finance through a combination of internal accruals and debt. The tentative completion timeline extends to November 2026, providing a structured approach to capacity deployment.

This disclosure was made pursuant to SEBI regulations and follows the company's commitment to transparent communication with stakeholders regarding material developments in its operational capacity.