Smartworks coworking spaces Limited has made a voluntary disclosure regarding the acquisition of equity shares by its promoter entity. The company informed stock exchanges about the transaction as part of enhanced transparency measures, despite the acquisition falling below mandatory disclosure thresholds.

Acquisition Details

SNS Infrarealty LLP, a promoter of Smartworks Coworking Spaces Limited, acquired equity shares through open market purchases. The transaction represents a strategic move by the promoter to increase its stake in the coworking space provider.

Regulatory Compliance

The acquisition represents less than 2% of the total shareholding or voting rights of the company, which means it does not trigger mandatory disclosure requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. However, the company chose to make this voluntary disclosure in the interest of maintaining transparency with investors and stakeholders.

Corporate Governance Initiative

The voluntary disclosure demonstrates Smartworks Coworking Spaces' commitment to good corporate governance practices. By proactively sharing information about promoter transactions, the company aims to enhance transparency beyond regulatory requirements. The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited on March 23, 2026.

Company Information

The disclosure was signed by Punam Dargar, Company Secretary & Compliance Officer, and is available on the company's investor relations website. Smartworks Coworking Spaces operates from its corporate office in Gurugram, Haryana, and maintains its registered office in New Delhi.

Smartworks coworking spaces Limited has voluntarily disclosed the acquisition of equity shares by its promoter entity through open market transactions. The company informed stock exchanges about this development as part of enhanced transparency measures, despite the acquisition being below mandatory disclosure thresholds.

Acquisition Details

SNS Infrarealty LLP, the promoter of Smartworks Coworking Spaces Limited, acquired equity shares from the open market in a transaction that represents a minimal stake in the company.

Regulatory Context

The acquisition represents less than 2% of the total shareholding or voting rights of the company, which means it does not trigger any mandatory disclosure requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Despite this, the company chose to make a voluntary disclosure to maintain transparency with investors and stakeholders.

Corporate Governance Initiative

The voluntary disclosure demonstrates the company's commitment to enhanced corporate governance practices. By proactively sharing information about promoter transactions, even when not legally required, Smartworks Coworking Spaces aims to maintain transparency and keep stakeholders informed about material developments.

The company's decision to voluntarily disclose this information reflects its dedication to good corporate governance practices and maintaining open communication with the investment community. This approach helps build trust and confidence among investors by providing comprehensive information about promoter activities in the company's shares.