WeWork India Management Limited has taken a significant step in reshaping its corporate governance structure by approving amendments to its Articles of Association. The Board's decision, which is subject to shareholder approval through a Special Resolution, introduces changes that could have far-reaching implications for the company's leadership composition.

Key Amendments

Expansion of Article 130

• The existing Article 130 has been broadened to include shareholder nomination rights.
• This change formalizes the nomination procedures for financial institutions, authorities, and qualifying shareholders on the company's Board.

Introduction of New Article 130A

• This new article grants specific rights to 1 Ariel Way Tenant Limited, referred to as 'GlobalCo'.
• GlobalCo will have the right to nominate one Non-Executive Director to the Board.
• This right is contingent on GlobalCo maintaining at least a 10% equity stake in the company.

Implications of the Changes

The amendments to the Articles of Association signify a strategic move by WeWork India Management Limited to align its governance structure with the interests of significant shareholders. This change could potentially lead to:

1. Enhanced representation of major stakeholders on the Board.
2. A more diverse perspective in decision-making processes.
3. Strengthened relationships with key investors, particularly GlobalCo.

Nomination Process

The new provisions outline a clear process for the nomination and appointment of directors:

Conditions and Limitations

It's important to note that these nomination rights are not perpetual and come with specific conditions:

• GlobalCo's nomination right is tied to maintaining at least a 10% stake in the company.
• If GlobalCo's shareholding falls below this threshold, the nomination rights will automatically cease.
• The GlobalCo Nominee Director would be required to vacate office if the shareholding condition is not met.

Conclusion

These amendments represent a significant shift in WeWork India Management Limited's governance framework. By formalizing the nomination rights of major shareholders, the company is potentially setting the stage for more collaborative and inclusive decision-making at the board level. Shareholders will be watching closely as these changes come up for approval, as they could influence the company's strategic direction and governance in the coming years.

As with any corporate governance change, the true impact of these amendments will only become apparent over time, as they are implemented and their effects on the company's operations and performance become clear.

HDFC Mutual Fund has significantly increased its stake in WeWork India Management Limited, as revealed in a recent regulatory filing. The transaction, which took place on November 25, 2025, saw the fund acquire an additional 10,00,000 shares through open market purchases.

Key Details of the Acquisition

Regulatory Compliance

The acquisition was disclosed in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires investors to disclose their holdings when they reach or cross certain thresholds.

HDFC Mutual Fund Schemes Involved

The increased stake is held across various HDFC Mutual Fund schemes, including:

• HDFC Business Cycle Fund
• HDFC Value Fund
• HDFC Children's Fund
• HDFC Balanced Advantage Fund
• HDFC Innovation Fund

Market Implications

This substantial increase in HDFC Mutual Fund's stake in WeWork India Management Limited may signal confidence in the company's future prospects. As one of India's leading asset management companies, HDFC Mutual Fund's investment decisions are often closely watched by market participants.

Investors and market analysts may interpret this move as a positive indicator for WeWork India Management Limited. However, it's important to note that mutual fund investments are based on various factors and should not be considered as direct investment advice.

The impact of this stake increase on WeWork India Management Limited's stock price and overall market perception remains to be seen. Investors are advised to conduct their own research and consider their financial goals before making any investment decisions based on this development.