Smartworks Coworking Spaces has expanded its engagement with L&T Technology Services (LTTS) through the addition of over 1,100 seats in Pune. This development increases LTTS's managed office portfolio with Smartworks to over 2,750 seats across multiple cities. The combined expected rental revenue from these locations is estimated at ~INR 115 Cr., with the Pune expansion contributing ~INR 55 Cr. for a tenure of 60 months.

Engagement Details

The expansion reinforces the long-standing, multi-city enterprise engagement between the two entities. The following table outlines the key financial metrics associated with the expanded portfolio:

Strategic Positioning

Neetish Sarda, Founder and Managing Director of Smartworks, attributed the expansion to the increasing demand for flexibility and speed in enterprise workplace decisions. He noted that the managed campuses provide the operational excellence and agility required to support evolving business requirements. This expansion aligns with the company's strong positioning in the large-format enterprise segment, where clients with more than 1,000 seats contribute approximately 37% of total rental revenue.

Business Overview

Enterprise clients contribute ~90% of Smartworks' total revenue, solidifying its status as a platform of choice for large organisations seeking managed workspace solutions. As of March 31, 2026, the company manages ~16.1 million square feet across 66 centres in 15 cities, including India and Singapore. The client base includes 770+ clients, comprising Fortune 500 companies, Forbes 2000 names, Global Capability Centers (GCCs), and multinational corporations.

Smartworks Coworking Spaces Limited will host an earnings conference call on July 22, 2026, at 4:00 PM IST to discuss its financial performance for the first quarter of FY27 and provide business updates. The announcement was made in a regulatory filing submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Management Participants

The call will be moderated by Karan Khanna from Institutional Equities at Ambit Capital. Key company representatives scheduled to participate are outlined below:

Participants are encouraged to join via DiamondPass to avoid wait times by registering in advance. The conference provides a platform for investors and analysts to engage directly with the management regarding the quarterly results and strategic outlook.

Teleconference Access Details

The following table outlines the access details for the teleconference:

The filing was signed by Punam Dargar, Company Secretary and Compliance Officer, on behalf of Smartworks Coworking Spaces Limited.