Smartworks Coworking Spaces Ltd has appointed MUFG Intime India Private Limited as its new Registrar to an Issue and Share Transfer Agent (RTA) following the amalgamation of its former agent, CB Management Services Private Limited. The transition, effective May 8, 2026, results from an order passed by the Regional Director (Western Region), Ministry of Corporate Affairs, Mumbai. This change impacts how shareholders manage their records and transactions with the company.

The company received an intimation regarding the amalgamation on June 15, 2026, confirming that MUFG Intime India Private Limited would assume the responsibilities previously held by CB Management Services Private Limited. The former agent had voluntarily surrendered its Category I registration with SEBI, as evidenced by a newspaper publication on May 14, 2026. Consequently, all share transfer and issue-related services will now be managed by the new entity.

New RTA Details

Smartworks Coworking Spaces Limited has disclosed the complete contact information for the newly appointed RTA. Shareholders and investors must update their records to ensure seamless communication regarding dividends, share transfers, and other corporate actions.

The disclosure was made to the exchanges under Regulation 7 and 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company’s official investor relations website. The amalgamation process was finalized under the regulatory framework governing corporate mergers and the voluntary surrender of registration by the outgoing RTA.

Smartworks Coworking Spaces Ltd expanded its presence in Singapore through its wholly owned subsidiary Smartworks Space Pte Ltd, adding a new managed office space at Manulife Tower in the Central Business District (CBD). With this addition, the company's total footprint in Singapore grows to over 50,000 sq ft, underscoring its commitment to delivering managed workspace solutions across the city-state.

New Managed Office at Manulife Tower

The new fully serviced office space spans over 15,000 sq ft within the LEED Gold and Green Mark Gold-certified Manulife Tower. The facility is designed to serve enterprises ranging from high-growth businesses to Fortune 500 companies and Global Capability Centres (GCCs). Strategically positioned above Telok Ayer MRT station, the location offers access to dining, retail, and wellness facilities.

The Manulife Tower centre features Smartworks' signature managed workspace offering, including bespoke design, ergonomic furnishings, private meeting suites, and collaboration zones. This new centre joins the company's existing Singapore portfolio at Great Eastern Centre on Pickering Street and Keppel Bay Tower at HarbourFront Avenue.

Leadership Commentary

Neetish Sarda, Founder & Managing Director, Smartworks, highlighted Singapore's strategic importance as a gateway to Asia's business community. He stated that the demand for fully serviced workspace continues to grow strongly and that the expansion reflects the company's conviction that enterprises need flexible, operational workspaces. Sarda expressed confidence in the market's trajectory due to the growth of GCCs and multinational enterprises.

Financial and Operational Performance

The Singapore expansion is part of Smartworks' broader growth momentum following its FY26 results, its first financial year as a listed company. The company delivered record revenue of ₹1,796 crore, representing 31% year-on-year growth, alongside its first full year of reported PAT profitability. During the year, Smartworks also became the first listed flexible workspace operator in India to cross 10 million square feet of operational portfolio.

The following table summarises key financial and operational metrics: