Disclosure under Reg 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015 -Shareholders letter dated July 22, 2026

Date: July 22, 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 Complex Bandra [E], Mumbai – 400051 Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 NSE Scrip Symbol: SMARTWORKS BSE Scrip Code: 544447 ISIN: INE0NAZ01010 ISIN: INE0NAZ01010 Dear Sir/Ma’am, Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015- Shareholders’ letter dated July 22, 2026 Dear Sir/Ma’am, Pursuant to Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Shareholders’ letter dated July 22, 2026 and also available on the website of the Company at https://www.smartworksoffice.com/investors/ . This is for your information and record. Thanking You, For Smartworks Coworking Spaces Limited Punam Dargar Company Secretary & Compliance Officer Mem. No.: A56987 Address: Unit No. 305-310, Plot No 9, 10 & 11 Vardhman Trade Centre Nehru Place, South Delhi, Delhi, Delhi, India, 110019 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 THE STATEMENT Safe Harbor Statement This newsletter, which has been prepared by Smartworks Coworking Spaces Limited (the "Company"), has been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This newsletter has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this newsletter. This newsletter may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this newsletter is expressly excluded. Certain matters discussed in this newsletter may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this newsletter. The Company assumes no obligation to update any forward-looking information contained in this newsletter. Any forward-looking statements and projections made by third parties included in this newsletter are not adopted by the Company and the Company is not responsible for such third-party statements and projections. Page 02 MESSAGE FROM THE LEADERSHIP To Our Shareholders Neetish Sarda Harsh Binani Founder & Managing Director Co-Founder & Executive Director Dear Shareholders, More than a year ago, we listed on the NSE and BSE. Since then, our conviction has only grown: our growth in area, revenue and EBITDA has been the fastest in the industry, and we continue to gain market share. Our business is a simple idea, executed with rigour - we lease full buildings from the country's leading developers at prime locations and convert them into world-class workspaces, complete with cafeterias, gyms, crèches and round-the-clock support, a genuine one-stop solution for our clients. This idea has scaled to ~17 million square feet, serving over 760 clients, including Fortune 500, Forbes 2000 companies, MNCs and Indian conglomerates. Because our clients typically sign long-tenure agreements of 4–5 years, our revenue behaves like an annuity - steady, durable and increasingly visible. Today, our contracted rental revenue stands at ~₹54,000 Mn. That durability showed up again this quarter. Revenue came in at ₹5,462 Mn, up 44% year-on-year and 5% sequentially; Normalised EBITDA grew to ₹1,069 Mn, up 74% year-on-year and 8% sequentially, taking margins to 19.6%; and our operational footprint reached 10.4 million square feet, with our mature centres running at ~92% committed occupancy. The mix keeps shifting the way we want it to: multi-city clients now contribute 35% of revenue (up from 31% in FY26), our 1,000+ seat enterprise cohort is up to 41% (from 37% in FY 26), and GCC clients now account for ~21% (from ~15% in FY 26). This is what we mean when we say our growth is steady and linear - there is less volatility in our business, and every quarter continues to build on the one before it. We remain convinced that the hardest thing in this business is finding great buildings - and we have already found our next two years' worth. FY27 and FY28 expansion is fully booked; work on FY29 has begun. This quarter alone, we operationalised 0.3 million square feet of new space, with a further 2.2 to 2.7 million square feet on the way - including Eastside in Kharadi, Pune (~863,000 sq. ft.), which will be the world's largest managed office campus when it goes live in H2 FY27 with strong pre-fills. Page 03 Profitability tells the same story. Normalised profit after tax nearly tripled to ₹388 Mn, from ₹131 Mn a year ago, as our centres matured and operating leverage took hold. We stepped up capex to ₹1,510 Mn - 66% higher than last year - to secure tomorrow's growth, and our ROCE held steady at 21.5% even through that investment. Occupancy eased slightly to 81%, from 82% last quarter, simply because we added new space. We are reaffirming our guidance for the year: 28-30% revenue growth, 19-20% Normalised EBITDA margins, and operational portfolio of 12.5 to 13 million square feet by March 2027. Quarter after quarter, we continue to build a business that is stronger, more resilient, and better equipped to deliver sustainable long-term growth. Thank you, as always, for building this with us. Page 04 OUR PURPOSE - WHO WE ARE & WHY WE EXIST Our Vision, Mission Vision & Values LARGEST MANAGED SPACE PROVIDER A third of our lives is spent at work! Our vision is to craft and manage workspaces where work meets purpose – every space built to inspire greatness. Mission To deliver flexible, tech-enabled, and customized workspaces that empower clients to focus on their core business - through consistent experiences and unwavering client delight. Values T - Take Accountability H - Honour Integrity R - Reach for Results I - Ignite Collaboration V - Value & Champion Innovation E - Embrace Customer Obsession Page 05 KEY HIGHLIGHTS · 01 The Financials at a Glance Growth, margin expansion and cash generation - all compounding together REVENUE NORMALISED EBITDA NORMALISED EB [Showing first 8,000 characters — download PDF for full document]