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.

Smartworks coworking spaces Limited has announced a significant expansion of its multi-city engagement with a Forbes 2000 company and global leader in digital business services and customer experience management. The latest development adds 1,150 seats at the company's managed campus at Tata Intellion Park, Navi Mumbai, further strengthening its enterprise client relationships.

Multi-City Portfolio Expansion

The expansion brings the client's total portfolio with Smartworks to over 5,000 seats across four major cities. The comprehensive footprint now spans:

Revenue Impact and Financial Metrics

The multi-city deal represents substantial revenue potential for Smartworks. The combined expected rental revenue from all locations exceeds INR 155 Cr., with the newly signed Mumbai managed office deal contributing INR 51 Cr. to this total.

Enterprise Client Portfolio Strength

The deal underscores Smartworks' strong positioning in the large-format enterprise segment. According to the company's Q3 FY26 data, clients with 1,000+ seats contribute approximately 35% of revenue, driven primarily by enterprise and Global Capability Center demand. Multi-city clients represented approximately 31% of the company's overall revenue during the same period.

Neetish Sardar, Founder and Managing Director of Smartworks, commented on the development: "As enterprises expand across regions, they increasingly value consistency in experience, speed of execution, and the ability to scale seamlessly within a single ecosystem. This continued expansion across four cities reflects the strength of the platform we have built and the long-term relationships we continue to deepen with global clients."

Market Position and Business Model

Smartworks operates as India's largest managed office platform by total area under management, with a footprint of approximately 15.30 million sq. ft. across 63 centres in 15 cities in India and Singapore. The company's business model involves leasing large commercial buildings and converting them into managed office campuses designed for enterprise use.

Key operational highlights include:

• Management of design, delivery, technology, and daily operations
• Service to 770+ clients including Forbes 2000 companies, GCCs, MNCs, and startups
• SmartVantage solution specifically focused on Global Capability Centers
• Partnership approach with developers to transform bare-shell assets

The expansion reflects the increasing preference among large enterprises for campus-style, multi-city workspace partnerships, as Smartworks continues to experience strong momentum from large-format deployments and enterprise expansion mandates.