Smartworks Files Regulatory Disclosure for Jaipur Facility Expansion
Smartworks Coworking Spaces Limited has filed a regulatory disclosure under SEBI Regulation 30 for its Jaipur facility expansion. The company will add 1,49,560 sq ft capacity with ₹25 crores investment, scheduled for completion by April 2026. Current operational metrics show 84% capacity utilization across 9.20 million sq ft operational space out of 11.10 million sq ft leased capacity as of December 2025.
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Smartworks Coworking Spaces Limited has filed a regulatory disclosure under Regulation 30 of SEBI regulations regarding its capacity addition in Jaipur. The company submitted the disclosure to both NSE and BSE on February 26, 2026, providing comprehensive details about its expansion plans.
Current Operational Status
The company's existing operational footprint demonstrates strong market presence and utilization rates. As of December 31, 2025, the operational metrics show robust performance:
| Parameter: | Details |
|---|---|
| Total Leased Capacity: | 11.10 Million Sq Ft |
| Operational Capacity: | 9.20 Million Sq Ft |
| Capacity Utilization: | 84% |
| Proposed Addition: | 1,49,560 Sq Ft |
Jaipur Facility Development
The new Jaipur facility represents a strategic expansion into Rajasthan's capital city. The project specifications and investment details are outlined in the regulatory filing:
| Facility Details: | Specifications |
|---|---|
| Location: | Jaipur |
| Area: | 1,49,560 Sq Ft |
| Investment: | ₹25.00 Crores (Approx.) |
| Completion Timeline: | Within April 2026 |
| Financing Mode: | Internal Accruals/Issue Proceeds |
Regulatory Compliance
The disclosure was filed pursuant to Regulation 30 read with Schedule III - Part A, Para B of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Punam Dargar signed the filing, ensuring full regulatory compliance for the capacity addition project.
Strategic Rationale
According to the regulatory filing, the capacity expansion aims to support business growth and expand the company's operational footprint. With current operational capacity utilization at 84%, the addition of 1,49,560 square feet in Jaipur will enhance the company's ability to serve growing demand for flexible workspace solutions in the region.
