Smartworks Coworking Spaces Limited has voluntarily disclosed the acquisition of equity shares by its promoters through open market purchases, demonstrating the company's commitment to transparency and enhanced disclosure practices.

Promoter Share Acquisitions

The company announced that three of its promoters acquired a total of 70,742 equity shares between March 20-30, 2026. The acquisitions were made through open market purchases and represent a combined 0.05% of the total shareholding.

Regulatory Compliance and Voluntary Disclosure

The total acquisition represents less than 2% of the company's total shareholding or voting rights, which means it does not trigger 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 reflects the company's adherence to good corporate governance practices. By proactively sharing information about promoter transactions, Smartworks Coworking Spaces demonstrates its commitment to keeping stakeholders informed about material developments, even when not legally required to do so.

The disclosure was made to both the National Stock Exchange of India Limited (NSE) and BSE Limited, with the company trading under the symbol SMARTWORKS on NSE and scrip code 544447 on BSE. The information is also available on the company's investor relations website for public access.

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.