NSEGeneral Updates6d ago · 26 Oct 2026, 09:32 pm

General Updates

WeWork India Management Limited · WEWORK

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WeWork India Management Limited has informed the Exchange about Shareholders' Letter for H1 & Q2 FY27.

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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10

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Full Announcement

WeWork India Management Limited has informed the Exchange about Shareholders' Letter for H1 & Q2 FY27

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WEWORK_26102026213155_WeWork_-_Shareholders_Letter.pdf

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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: Shareholders’ Letter – H1 & Q2 FY27 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Shareholders’ Letter of the Company for the period ended September 30, 2026. The aforesaid Shareholders’ Letter is also being made available on the website of the Company at https://wework.co.in/investors-relations/shareholders-information/#analysts. This is for your information and records. Yours faithfully, For WeWork India Management Limited Udayan Shukla Company Secretary & Compliance Officer Membership No.: F11744 Encl.: As above Q2 FY27 · SHAREHOLDER LETTER IMPORTANT IDMPORTAiNT sclaimer. You must read the following before continuing. By reading this document, you agree to be bound by the following limitations and restrictions. This document has been prepared by and on behalf of WeWork India Management Limited (the “Company”). This Letter has been issued by the Company for general information purposes only, without regard to any specific objectives, financial situations, or information needs of any particular person. This Letter does not constitute, and should not be construed as, any recommendation, offer, invitation, or inducement to sell or issue, or any solicitation of an offer to purchase or subscribe to any securities of the Company in any jurisdiction. Nothing in this Letter should form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. Further, nothing in this document should be construed as legal, business, tax, or financial advice. This Letter includes forward-looking statements. All statements other than statements of historical facts included in this Letter, including, without limitation, those regarding the Company’s financial position, business strategy, plans, prospects and objectives of management for future operations (including development plans and objectives relating to the Company’s products and services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate, and must be read together with those assumptions. This could be due to risks or uncertainties associated with expectations with respect to, but not limited to, regulatory changes in the industry in which the Company operates and its ability to respond to them and the ability to successfully implement its strategy, growth and expansion. These forward-looking statements speak only as of the date of this letter. Past performance is not necessarily indicative of future performance. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current views of the Company on future events. This Letter may not be copied, reproduced, summarised or disseminated, in whole or in part, in any manner or for any purpose. Failure to comply with this restriction may constitute a violation of applicable laws. None of the Company, its directors or affiliates, nor any of its or their respective employees, advisers, or representatives, accepts any responsibility or liability whatsoever, whether arising in tort, contract, or otherwise, for any errors, omissions, or inaccuracies in such information or opinions, or for any loss howsoever arising, from any use of this Letter, or otherwise in connection with this Letter. The Company makes no representation or warranty, express or implied, for the contents of this Letter, including its accuracy, fairness, completeness, or reasonableness, or for any other statement made or purported to be made by any of them, or on behalf of them. The Company undertakes no obligation to update any statement or information to either reflect events or circumstances that occur after the date of the statement or information is made or to account for unanticipated events, unless it is required by law. The information in this Letter has not been independently verified and certain data contained in this Letter was obtained from various external data sources. The information and opinions contained in this Letter noted above are subject to change without notice. Certain figures contained in this Letter may have been rounded off for representation. WEWORK INDIA MANAGEMENT LIMITED Q2 FY27 Q2 FY27 · SHAREHOLDER LETTER FROM THE CEO A NOTE TO OUR SHAREHOLDERS Built for how India works. Dear shareholders, WeWork is the brand India’s companies Global companies are bringing their most look for first when they choose where to important work here through capability work. We pioneered this category in India centres, while domestic companies scale and we lead it today, and that brand is alongside them, and both are competing Karan Virwani the foundation of everything we build. for the same world-class talent. Every one Our vision is an ecosystem where people of those teams needs somewhere to work. MANAGING DIRECTOR & CEO feel supported, energised and inspired WEWORK INDIA We added 11.7k desks in the quarter, to do their best work, and our mission is completing the largest half-year of to build spaces that don’t just enable openings in our history, and that demand work, they elevate it. That shapes every shows in our numbers. Revenue grew WeWork space: how we design it, how 32% YoY and 10% QoQ to ₹768.7 Cr. Our we operate it, and how our members platform is compounding beyond the experience it. A company gets the same desk: VAS grew 35% YoY and Digital standard from day one, in any city. In 46% YoY, both faster than our core. uncertain markets, businesses value that EBITDA rose 38% YoY and 18% QoQ to consistency, and it is why they choose ₹162.9 Cr, a 21.2% margin, and PAT grew WeWork. 67% YoY and 24% QoQ to ₹65.8 Cr. Six years ago the pandemic emptied The bulk of this capex cycle is now live. As every office in the country, and we came these centres mature, our base becomes through it stronger. Every disruption since larger, stronger and more resilient, and the has moved demand the same way. When business is on track to unlock operating companies cannot see their headcount leverage and deliver superior, more clearly, most now plan their growth on profitable growth. Branded workspaces flex, while campuses continue to anchor are relevant, resilient and becoming the their large, permanent requirements. Flex way India’s companies grow, and this is the is now mainstream, and WeWork branded category we built and lead. spaces have proved its most resilient form. Thank you for your continued trust. AI has widened the market further. Best regards, Knowledge, and the tools to put it to work, Karan Virwani are now within everyone’s reach, and India is forming more businesses than ever. WEWORK INDIA MANAGEMENT LIMITED Q2 FY27 Q2 FY27 · SHAREHOLDER LETTER AT A GLANCE Q2 FY27 at a glance. OPERATIONAL AREA · OPERATIONAL DESK PORTFOLIO OCCUPANCY TOTAL REVENUE TOTAL AUM CAPACITY 9.8 13.0 145.3k 83.7% 768.7 Cr MSF desks 121.7k members QoQ +7.6% | +8.7% QoQ +8.8% QoQ −114 bps [Showing first 8,000 characters — download PDF for full document]