Acquisition

Date: 25th June, 2026 To, To, National Stock Exchange of India Limited (“NSE”) BSE Limited (“BSE”) Listing Department Listing Department Exchange Plaza, C-1 Block G, Bandra Kurla Corporate Relationship Department C omplex Bandra [E], Mumbai – 400051 Phiroze Jeejeebhoy Towers, D alal Street, Fort, Mumbai - 400 001 NSE Scrip Symbol: SMARTWORKS BSE Scrip Code: 544447 ISIN: INE0NAZ01010 ISIN: INE0NAZ01010 Subject: Intimation of Acquisition – under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Acquisition of Step-Down Subsidiary Dear Sir/Ma’am, In compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 it is hereby informed that the Audit Committee of the Company in its meeting held on 25th June 2026 have approved the proposed acquisition of WorkStudio Spaces Pte. Ltd., Singapore ("WorkStudio") by Smartworks Space Pte. Ltd., a wholly owned subsidiary of the Company (“Subsidiary”), subject to the requisite approval(s) and further the Board of Directors of the Company at its meeting held on 25th June, 2026, took note of the same. Upon completion of the transaction, WorkStudio, will become a step-down subsidiary of the Company. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026 are attached herewith as "Annexure-A". The meeting of the board commenced at 04:10 P.M. (IST) and concluded at 05:00 P.M. (IST). The above information will also be hosted on the website of the Company i.e. https://www.smartworksoffice.com/investors/. We request you to kindly take this on your record and oblige. Thanking You, For Smartworks Coworking Spaces Limited Punam Dargar Company Secretary & Compliance Officer Mem. No.: A56987 Address: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002 Encl.: As above Smartworks Coworking Spaces Limited (Formerly known as Smartworks Coworking Spaces Private Limited) Regd. Office: Unit No. 305 – 310, Plot No. 9,10, & 11, Vardhman Trade Centre, Nehru Place, South Delhi – 110 019. Corporate Office: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002 Phone No: 0124-6919 400 CIN: L74900DL2015PLC310656 Annexure-A The details as required under Regulation 30 of SEBI (LODR) Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026 Detail of Acquisition (including agreement to acquire) S. No Details of Events that need to be provided Information of such events(s) 1 Name of the target entity, details in brief such WorkStudio Spaces Pte. Ltd as size, turnover etc. Please refer S. No. 10 regarding brief details including turnover of the Target Company. 2 whether the acquisition would fall within Yes, it will fall within related party related party transaction(s) and whether the transaction(s) since an immediate promoter/ promoter group/ group companies relative of one of the Directors (also a have any interest in the entity being promoter) of the Company, holds acquired? If yes, nature of interest and details interest in holding company of the target thereof and whether the same is done at “arm Company. length’s” The transaction is being carried out at “arm length’s basis. 3 industry to which the entity being acquired Flex Space Provider belongs; 4 objects and impact of acquisition (including The acquisition aims to strengthen but not limited to, disclosure of reasons for Smartworks’ presence in Singapore by acquisition of target entity, if its business is expanding its coworking and flex space outside the main line of business of the listed portfolio in a key international business entity); hub. Upon completion, Smartworks’ portfolio in Singapore will grow to four centres with ~76,000 sq. ft., more than doubling its footprint over the past two years. This expansion will enhance its market presence, improve its ability to serve enterprise clients, and support long-term growth in Asia. Smartworks Coworking Spaces Limited (Formerly known as Smartworks Coworking Spaces Private Limited) Regd. Office: Unit No. 305 – 310, Plot No. 9,10, & 11, Vardhman Trade Centre, Nehru Place, South Delhi – 110 019. Corporate Office: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002 Phone No: 0124-6919 400 CIN: L74900DL2015PLC310656 5 brief details of any governmental or N.A. regulatory approvals required for the acquisition; 6 indicative time period for completion of the The acquisition is expected to be acquisition; completed within July, 2026, subject to requisite approval(s) and further completion of execution of concerned transaction documents by Wholly- Owned Subsidiary of the Company. 7 consideration - whether cash consideration or Cash share swap or any other form and details of the same 8 cost of acquisition and/or the price at which Since this is an in-principle approval by the shares are acquired; the Company as the holding company, further details are subject to further negotiation and closure of the transaction documents with the Target company. 9 percentage of shareholding / control acquired 100% through Wholly-Owned and / or number of shares acquired; Subsidiary of the Company. 10 Brief background about the entity acquired in WorkStudio Spaces Pte. Ltd. is a terms of products/line of business acquired, company incorporated in Singapore on date of incorporation, history of last 3 years November 20, 2024. The company is turnover, country in which the acquired engaged in the business of providing entity has presence and any other significant flexible workspace solutions, managed information (in brief); office spaces and related services. The entity primarily operates in Singapore. The turnover of the WorkStudio Spaces Pte. Ltd. for the last three financial years is as follows: Since Incorporation to 31st March, 2026: INR 5.09 Crores. 2nd Last F.Y.: N.A. 3rd Last F.Y.: N.A. Other significant information: NA Smartworks Coworking Spaces Limited (Formerly known as Smartworks Coworking Spaces Private Limited) Regd. Office: Unit No. 305 – 310, Plot No. 9,10, & 11, Vardhman Trade Centre, Nehru Place, South Delhi – 110 019. Corporate Office: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002 Phone No: 0124-6919 400 CIN: L74900DL2015PLC310656