BSEBoard Meeting1d ago · 26 Oct 2026, 09:07 pm
Outcome of the Board Meeting held on October 26, 2026
WeWork India Management Ltd · 544570
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WeWork India Management Ltd has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and has also approved the setting up of a 10 MWp captive solar power plant in Karnataka at an estimated project cost of ₹34.25 crore.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
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Market Sentiment5/10
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WeWork India Management Ltd - 544570 - Board Meeting Outcome for Board Meeting Held On October 26, 2026
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WEWORK INDIA MANAGEMENT LIMITED
(Formerly known as WeWork India Management Private Limited)
Regd. Office: 6th Floor, Prestige Central, 36 Infantry Road
Shivaji Nagar, Bengaluru, Karnataka, 560001
Email: cswwi@wework.co.in; Website: https://wework.co.in/
Telephone no.: 080-37880881
CIN: L74999KA2016PLC093227
October 26, 2026
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street,
Bandra (East), Mumbai – 400 051 Fort, Mumbai – 400 001
Symbol: WEWORK Scrip Code: 544570
Dear Sir/Madam,
Subject: Outcome of the Board Meeting held on October 26, 2026
Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the Board of Directors of the Company (“Board”), at its
meeting held today, i.e., October 26, 2026, has, inter alia, considered and approved the following:
1. Unaudited Standalone and Consolidated Financial Results for the quarter and half year
ended September 30, 2026:
The Board has approved the Unaudited Standalone and Consolidated Financial Results of the
Company for the quarter and half year ended September 30, 2026. The aforesaid results along
with the Limited Review Reports issued thereon by the Statutory Auditors, are enclosed as
Annexure A.
2. Final Approval for 10 MWp Captive Solar Power Plant
With reference to our earlier intimation dated September 3, 2026, regarding the in-principle
approval granted by the Board for setting up a 10 MWp captive solar power plant in Karnataka,
the Board has accorded its final approval for the proposed project at an estimated project cost of
₹34.25 crore.
The meeting of the Board of Directors commenced at 7:15 p.m. (IST) and concluded at 8:50 p.m. (IST).
You are requested to take the above information on record.
Yours faithfully,
For WeWork India Management Limited
Udayan Shukla
Company Secretary & Compliance Officer
Membership No.: F11744
Encl.: As above
S.R. BATL/80/ & ASSOCIATES LLP 12th Floor
"UB City" Canberra Block
No. 24, Vittal Mallya Road
Chartered Accountants
Bengaluru -560 001, India
Tel : +91 80 6648 9000
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial
Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
WeWork India Management Limited
1. We have reviewed the accompanying statement of unaudited standalone financial results of We Work
India Management Limited (the "Company") for the quarter ended September 30, 2026 and year to date
from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the
Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended (the "Listing Regulations").
2. The Company's Management is responsible for the preparation of the Statement in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34, ("Ind AS 34")
Interim Financial Reporting prescribed under Section 13 3 of the Companies Act, 2013 as amended, read
with relevant rules issued thereunder and other accounting principles generally accepted in India and in
compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the
Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on
our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the
Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and
perform the review to obtain moderate assurance as to whether the Statement is free of material
misstatement. A review of interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with Standards
on Auditing and consequently does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that
the accompanying Statement, prepared in accordance with the recognition and measurement principles
laid down in the aforesaid Indian Accounting Standards (' Ind AS') specified under Section 133 of the
Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting
principles generally accepted in India, has not disclosed the information required to be disclosed in terms
of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any
material misstatement.
For S.R. Batliboi & Associates LLP
Chartered Accountants
ICAI Firm registration number: 101049W/E300004
per Nikunj Jay
Partner
Membership No.: 222345
UDIN: 2-G 2..2-2. ~ l.\5. NZ~
Place: Bengaluru
Date: October 26, 2026
S.R. Batllboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295
Regd. Office: 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
wework WeWork India Management Limited
(formerly known as WeWork India Management Private Limited)
CIN: L74999K.A2016PLC093227
Regd Office: 6th Floor, Prestige Central
36, Infantry Road, Shivaji Nagar Bengaluru 560 001, Karnataka, India
I N D I A
Statement of unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026
<Rs. in Million)
Quarter ended Six Months ended Year ended
September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026
SI No. Particulars
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
I Income
Revenue from operations 7,653.04 6,802.02 5,730.30 14,455.06 11,069.84 24,317.63
Other income 110.95 73.58 5.23 184.53 11.14 135.37
Finance income 74.14 94.67 102.67 168.81 200.15 361.67
Total income 7,838.13 6,970.27 5,838.20 14,808.40 11,281.13 24,814.67
2 Expenses
Sub-contracting cost 27.57 - - 27.57 36.02 219.28
Employee benefits expense 543.16 566.36 473.25 1,109.52 936.65 1,937.67
Finance costs 1,748.94 1,761.31 1,531.78 3,510.25 2,895.92 6,011.80
Depreciation and amortisation expense 3,140.38 2,825.43 2,309.24 5,965.81 4,541.89 9,664.78
Operating expenses 1,949.32 1,636.84 1,275.71 3,586.16 2,587.55 5,541.89
Other expenses 234.40 226.15 174.35 460.55 355.31 895.87
Total expenses 7,643.77 7,016.09 5,764.33 14,659.86 11,353.34 24,271.29
3 Profit/ (Loss) before exceptional item and tax for the period/ year (1-2) 194.36 (45.82) 73.87 148.54 (72.21) 543.38
- - -
4 Exceptional item (Refer Note 5) (42.941
5 Profit/ (Loss) before tax for the period/ year (3+4) 194.36 (45.82) 73.87 148.54 (72.21) 500.44
6 Tax expense
Current tax charge - - - -
Deferred tax (credit)/ charge - - - (221.71)
Total tax expense - - - - - (221.71)
7 Profit/ (Loss) for the period/ year (5-6) 194.36 (45.82) 73.87 148.54 (72.21) 722.15
Other comprehensive income/ (loss) (OCI)
Items that will not be reclassified to profit or loss in subsequent periods/years:
Re-measurement (loss)/ gain on defined benefit plans 2.96 (6.69) 0.89 (3.73) (3.42) (5.81)
- - -
Income tax effect on above credit / (charge) (1.08)
8 OCI for the period / year (net of tax) 2.96 (6.69) (0.19) (3.73) (3.42) (5.81)
9 Total comprehensive income/ (Loss) for the period/ year (7+8) 197.32 (52.51) 73.68 144.81 (75.63) 716.34
10 Paid-up equity share capital (Face Value ofRs.10/-per share) 1,388.70 1,385.90 1,340.23 1,388.70 1,340.23 1,353.78
11 Earnings/(Loss) per equity share
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