Smartworks Coworking Spaces Limited has crossed 10 million sq ft of operational portfolio, becoming the first listed flexible workspace provider in India to achieve this scale. This milestone reinforces the company's position as a national-scale infrastructure partner for enterprises and marks a pivotal moment in India's flexible workspace sector. The achievement follows the operationalisation of the Tata Intellion Park centre in Mumbai, where the company recently added a Forbes 2000 company.

Milestone Achievement and Strategic Impact

The milestone was officially announced on April 21, 2026, through a press release filed under Regulation 30 of SEBI LODR Regulations. The company continues to see healthy traction across its portfolio, driven by rising adoption from large enterprises and Global Capability Centres (GCCs).

Leadership Perspective on Market Evolution

Neetish Sarda, Founder and Managing Director of Smartworks, highlighted the structural shift underway in India's office market. He noted that enterprise demand is moving towards managed, campus-led solutions that offer scale, consistency, and long-term visibility. Sarda emphasized that Smartworks has evolved into a national-scale enterprise workspace infrastructure platform, serving as an infrastructure partner to enterprises and GCCs, enabling multi-city expansion with standardised delivery and predictable execution.

Financial Performance and Operational Metrics

The company's strong performance reflects the momentum in the flexible workspace sector. Smartworks demonstrated robust financial and operational metrics in Q3 FY26.

With this scale and portfolio maturity, Smartworks has entered a phase of cash compounding, indicating strong financial health and sustainable business model.

Market Positioning and Business Model

Smartworks operates a campus-led model of leasing entire buildings and converting them into fully managed workspaces. This approach enables enterprises to expand across cities without managing real estate operations directly. The company caters to a diverse client base including Forbes 2000 companies, GCCs, large enterprises, and scaling businesses. As of December 31, 2025, Smartworks maintains India's largest managed office platform by total area under management, with a footprint of ~15.3 million sq ft across 63 centres in 15 cities in India and Singapore, serving 770+ clients.

Smartworks coworking spaces Limited has filed its quarterly compliance certificate with the National Stock Exchange of India Limited (NSE) and BSE Limited for the quarter ended March 31, 2026. The submission was made on April 7, 2026, by Company Secretary and Compliance Officer Punam Dargar.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of Securities Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation requires companies to maintain proper records and reporting of securities transactions through their Registrar and Transfer Agents.

Certificate Details

CB Management Services (P) Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated March 31, 2026. The RTA confirmed that all details of securities dematerialized and rematerialized during the quarter have been properly furnished to depositories and stock exchanges where the company's securities are listed.

The certificate was signed by Rana Roy Chowdhury on behalf of CB Management Services (P) Limited, which is based in Kolkata and operates under CIN U74140MH1994PTC429689.

Stock Exchange Information

Company Information

Smartworks Coworking Spaces Limited, formerly known as Smartworks Coworking Spaces Private Limited, operates under CIN L74900DL2015PLC310656. The company's registered office is located at Unit No. 305-310, Plot No. 9, 10 & 11 Vardhman Trade Centre, Nehru Place, South Delhi, while its corporate office is situated in Gurugram, Haryana.

The compliance information has also been made available on the company's investor website at smartworksoffice.com/investors/, ensuring transparency for stakeholders and regulatory authorities.