Smartworks Coworking Spaces has corrected the date of its 11th Annual General Meeting (AGM) to Tuesday, September 22, 2026. The company issued a corrigendum on August 28, 2026, following an earlier intimation that incorrectly cited 2025 as the year.

The meeting will be conducted through Video Conferencing or Other Audio Visual Means (OAVM) at 3:30 pm IST. Shareholders holding equity shares as on the e-voting cut-off date of September 15, 2026, are eligible to vote. Remote e-voting will commence on September 19, 2026, and end on September 21, 2026.

Meeting Agenda

The AGM notice outlines both ordinary and special business items for shareholder approval. The primary focus is the adoption of financial results for the fiscal year ended March 31, 2026.

Mr. Atul Gautam retires by rotation and seeks re-appointment based on the recommendation of the Nomination and Remuneration Committee. The special resolution proposes the appointment of Mr. Dilip Deshmukh (DIN: 11699759) as a Non-Executive Independent Director.

Regulatory Compliance

The company dispatched the Annual Report and AGM Notice to shareholders on August 29, 2026, in compliance with SEBI Listing Obligations Regulations 30 and 34. On August 31, 2026, the company confirmed the completion of dispatching letters containing weblinks for accessing the Notice and Annual Report to shareholders who have not registered their email addresses with the company, Registrar & Share Transfer Agent, or Depository Participants. This action was taken pursuant to Regulation 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Smartworks Coworking Spaces has filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with stock exchanges. The filing outlines the company’s consolidated environmental, social, and governance performance across its portfolio of managed workspaces.

The report highlights a strategic shift toward formalising sustainability targets following a comprehensive peer benchmarking exercise. Management noted that while baseline data for FY25-26 is being established, the company is executing a three-year ESG roadmap spanning FY25-26 to FY27-28.

Environmental Performance

Smartworks reported a total energy consumption of 303,040 GJ for the current financial year, an increase from 259,510 GJ in the prior year. Despite the rise in absolute consumption, energy intensity per rupee of turnover improved to 0.0000174, down from 0.0000228 previously.

The company attributed efficiency gains to IoT-enabled lighting controls and AI-driven air conditioning optimisation. Smartworks also disclosed 43,434.51 metric tonnes of Scope 3 emissions for the first time in the reporting period.

What the Numbers Show

While total energy consumption rose by approximately 16.8%, the share of renewable energy within the total mix expanded significantly. Renewable sources accounted for roughly 7% of total energy consumption in FY26, up from about 3.4% in FY25, indicating a deliberate pivot toward cleaner power procurement alongside portfolio expansion.

Social Metrics and Safety

The workforce composition remained heavily skewed toward contract workers, who constituted 3,404 individuals compared to 1,038 permanent employees. The company reported zero fatalities and no lost-time injuries among employees. However, contract workers recorded a Lost Time Injury Frequency Rate (LTIFR) of 1.2, an improvement from 1.8 in the previous year.

Employee turnover for permanent staff stabilised at 42% in FY26, down from 46% in FY25. The company maintained 100% coverage for health and accident insurance across all permanent employees and workers.

Governance and Compliance

Smartworks confirmed compliance with all statutory requirements relevant to the National Guidelines on Responsible Business Conduct (NGRBC). The company reported one formal complaint under the Prevention of Sexual Harassment (POSH) Act, which was resolved within the mandated 90-day timeline. No monetary fines or penalties were paid to regulators during the period.