Outcome of Board Meeting

Date: August 24, 2026 To, To, National Stock Exchange of India Limited (“NSE”) BSE Limited (“BSE”) Listing Department Listing Department Corporate Relationship Department Phiroze Exchange Plaza, C- l Block G, Bandra Kurla Complex Jeejeebhoy Towers, Bandra [E], Mumbai — 400051 Dalal Street, Fort, Mumbai – 400001 NSE Scrip Symbol: SMARTWORKS BSE Scrip Code: 544447 : INEONAZO1010 ISIN: INE0NAZ0l010 Subject: Outcome of the Board Meeting held on August 24, 2026, pursuant to Reg 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Ma’am, Pursuant to the provisions of Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) (as amended from time to time), we would like to inform you that the Board of Directors of the Company, at its meeting held today i.e., Monday, August 24, 2026, has inter alia considered and approved the following: 1. Recommendation to the Members of the Company, the appointment of Mr. Dilip Deshmukh (DIN: 11699759) as Non-Executive Independent Director of the Company, on the recommendation of the Nomination and Remuneration Committee of the Company for a term of 5 (five) consecutive years. 2. Recommendation to the Members of the Company, the appointment of Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221) as Non-Executive Independent Director of the Company, on the recommendation of the Nomination and Remuneration Committee of the Company for a term of 5 (five) consecutive years. Further, we hereby confirm that the aforesaid Directors have not been debarred from holding the office of Director by virtue of any SEBI order or any such other authority. The details as required under SEBI LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 are attached herewith as “Annexure- 3. The scheme for Reduction of Share Capital (Securities Premium Account) of the Company, subject to the approval of the Members by way of a Special Resolution and sanction of the Hon’ble National Company Law Tribunal and such other approvals, permissions and sanctions as may be required from any statutory or regulatory authorities. The proposal involves utilisation of the balance in the Company’s Securities Premium Account to fully set off the 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 accumulated losses appearing in its audited financial statements for the year ended March 31, 2026, thereby eliminating such losses from the books of account and presenting a true and fair view of the Company's financial position. The proposed reduction does not involve any reduction in the issued, subscribed, or paid-up share capital of the Company. The face value and number of equity shares held by each Shareholder shall remain unchanged, no payment shall be made to any shareholder, and the percentage shareholding of each shareholder shall remain unaffected. The meeting of the Board commenced at 03:30 P.M. (IST) and concluded at 04:25 P.M. (IST). The details required to be disclosed in term of the SEBI LODR Regulations read with aforementioned circular, are enclosed as “Annexure-B”. 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: Unit No. 305-310, Plot No 9, 10 & 11 Vardhman Trade Centre Nehru Place, South Delhi, Delhi, Delhi, India, 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 Annexure A The details of required under Regulation 30 of SEBI LODR Regulations, read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 S. No. Particulars Details 1. Name Mr. Dilip Deshmukh Mr. Rajeev Krishnamuralilal Agarwal 2. Reason for change viz. Recommend to the members of the Recommend to the members of the appointment, reappointment, Company, the appointment as a Company, the appointment as a Non- resignation, removal, death Non-Executive and Independent Executive and Independent Director or otherwise; Director of the Company of the Company 3. Date of appointment/ Date of Appointment: Effective Date of Appointment: 25th June reappointment/ cessation (as from the date of approval by the 2026 applicable) & term of shareholders appointment/ re-appointment Term of Appointment: For a term of Term of Appointment: For a term 5 (five) consecutive years of 5 (five) consecutive years commencing from the date of commencing from the date of approval by Board of Directors of the approval of shareholders and shall Company i.e., June 25, 2026, and not be liable to retire by rotation. shall not be liable to retire by rotation. 4. Brief Profile (in case of Mr. Dilip Deshmukh is a judicial Mr. Rajeev Krishnamuralilal appointment) veteran and corporate law expert Agarwal, an Engineering graduate with more than four decades of from I.I.T, Roorkee, is a distinguished experience in the legal and judicial former Indian Revenue Service system. His career has spanned the (IRS) officer of the 1983 batch, with state judicial service, the High Court over three decades of experience in judiciary, and corporate taxation, enforcement, financial adjudication. regulation, and capital markets, including serving as Whole Time Mr. Deshmukh. Retired Justice, Member of SEBI (2011–2016) and previously served as the Member of the Forward Markets Chairman of the Company Law Commission (2005–2011) and held Board (CLB), now known as the various senior positions in the Income National Company Law Tribunal Tax Department over a career (NCLT). Prior to his tenure at the spanning nearly three decades. CLB, he was elevated to the Chhattisgarh High Court as a He currently serves as an Judge in 2005, where he dealt with Independent Director of Trust constitutional, civil, criminal, and Asset Management Pvt. Ltd., ACC 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 service law issues, and served as the Ltd., One 97 Communications Ltd. designated judge for corporate (Paytm), Paytm Money Ltd., Ugro matters until 2009. He joined the Capital Ltd., Profectus Capital Pvt. state judicial service in April 1970 Ltd. and MK Ventures Capital Ltd. after briefly enrolling as an advocate, following his education During his tenure at SEBI, he where he topped his LLM supervised key policy and regulatory examination from Jiwaji University areas including securities markets, and secured a gold medal in M.Com commodity derivatives, mutual funds, from Ravishankar University. foreign portfolio investments, market intermediaries, surveillance, He was awarded the National Law enforcement, and corporate Day Award in October 2010 restructuring. He played a key role in during his tenure as Chairman of the the merger of the Forward Markets CLB. Since demitting office in Commission with SEBI, reforms in 2015, he has established himself as mutual funds and IPO regulations, an arbitrato [Showing first 8,000 characters — download PDF for full document]