NSEGeneral Updates1d ago · 14 Oct 2026, 10:45 pm

General Updates

Smartworks Coworking Spaces Limited · SMARTWORKS

✦ AI SummaryDebt Restruc.

Smartworks Coworking Spaces Limited has informed the Exchange about General Updates - Intimation regarding e-filing of application in Form RSC-1 with the Hon'ble National Company Law Tribunal for Reduction of Share Capital (Securities Premium Account) of the Company.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk8/10
Liquidity Impact5/10
Market Sentiment4/10

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Full Announcement

Smartworks Coworking Spaces Limited has informed the Exchange about General Updates - Intimation regarding e-filing of application in Form RSC-1 with the Hon ble National Company Law Tribunal for Reduction of Share Capital (Securities Premium Account) of the Company

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SMARTWORKS_14102026222701_Intimation__NCLT_filing_14102026.pdf

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Date: 14th October 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 Complex Corporate Relationship Department 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 Subject: Intimation regarding e-filing of application in Form RSC-1 with the Hon’ble National Company Law Tribunal for Reduction of Share Capital (Securities Premium Account) of the Company Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), and in continuation of our intimation dated August 24, 2026, September 24, 2026 and October 14, 2026, for the proposed reduction of the Securities Premium Account of the Company (“Proposed Reduction”), we wish to inform you that the Company has, today i.e. October 14, 2026, e-filed an application in Form RSC-1 with the Hon’ble National Company Law Tribunal, New Delhi Bench, seeking sanction of the Proposed Reduction of Share Capital pursuant to Section 66 read with Section 52 of the Companies Act, 2013 and the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016. The Proposed Reduction involves utilisation of INR 3,85,61,76,525 out of the balance of INR 7,98,22,14,923 standing to the credit of the Securities Premium Account of the Company, to fully set off the Accumulated Losses of the Company amounting to INR 3,85,61,76,525 as on March 31, 2026, thereby eliminating such losses from its books of account and presenting a true and fair view of its financial position and rationalise its Balance Sheet. The said information is also available on the website of the Company at https://www.smartworksoffice.com/investors/. This is for information and records. 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-110019 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