NSEGeneral Updates7 Jul 2026 · 7 Jul 2026, 07:29 am
General Updates
Smartworks Coworking Spaces Limited · SMARTWORKS
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Smartworks Coworking Spaces Limited has completed the acquisition of Singapore-based Workstudio Spaces Pte. Ltd., expanding its managed office portfolio in Singapore and adding over 45 clients across diverse industry sectors.
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Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10
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Smartworks Coworking Spaces Limited has informed the Exchange about General Updates
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Date: 7th July, 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
Sub: Press Release – “Smartworks Completes Acquisition of Singapore-Based Workstudio Spaces”
Dear Sir/ Madam,
Please find enclosed herewith a copy of the Press Release titled “Smartworks Completes Acquisition of
Singapore-Based Workstudio Spaces - Adds over 45 clients across diverse industry sectors into its Singapore
portfolio”. The contents of the Press Release cover full details.
The said Press Release 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
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
Smartworks Completes Acquisition of Singapore-Based Workstudio Spaces
Adds over 45 clients across diverse industry sectors into its Singapore portfolio
Gurugram, July 07, 2026: Smartworks Coworking Spaces Limited (“Smartworks” or “the Company”),
India’s largest managed office platform by total area under management, today announced the completion
of its acquisition of Workstudio Spaces Pte. Ltd. (“Workstudio”), a Singapore-based coworking and flexible
workspace provider, through its wholly owned subsidiary, Smartworks Space Pte. Ltd.
The completion of the acquisition further strengthens Smartworks’ presence in Singapore’s enterprise
workspace market and expands its managed office portfolio in one of Asia’s leading business hubs. With
the addition of Workstudio, Smartworks’ Singapore portfolio has expanded to four operational centres,
increasing its footprint to ~76,000 sq. ft. with a seating capacity of over 1,500.
The acquisition also brings over 45 clients across diverse industry sectors into the Company’s Singapore
portfolio.
Commenting on the development, Neetish Sarda, Founder and Managing Director, Smartworks, said:
"This acquisition marks an important step in our Singapore journey. Singapore remains a strategic market
for us - in just two years, we have more than doubled our footprint here. Workstudio complements our
existing portfolio well and strengthens our offering for enterprise clients in the city."
Soroush Ostovari, Sales Director, Singapore said, "It's an exciting time to be part of Singapore's flexible
workspace story. Over the past few years, we've seen a clear shift in how enterprises think about their
workplace - flex space is mainstream and gradually becoming a deliberate choice for organisations that
want quality, speed, and the ability to scale. Demand across Singapore's CBD has only grown stronger,
and that momentum shows no signs of slowing. Being part of Smartworks brings real excitement - their
proven model, operational expertise, and scale give us the platform to serve that demand at a much higher
level. We're looking forward to what comes next for our team and our clients."
Workstudio further strengthens Smartworks’ presence in Singapore, with its strategic location offering
strong connectivity. The upcoming Prince Edward MRT station is set to enhance accessibility and further
strengthen the centre’s appeal to enterprise occupiers. The addition diversifies Smartworks’ Singapore
portfolio beyond its existing locations and broadens its addressable client base across the city’s key
business districts.
About Smartworks Coworking Spaces Limited
Smartworks is India's largest managed office platform by total area under management, with a footprint of
approximately 16.1 million square feet across 66 centres in 15 cities across India and Singapore, as on
March 31, 2026. The Company partners with developers to transform large, bare-shell assets into fully
managed, enterprise-grade campuses. Smartworks primarily serves mid-to-large enterprises and counts
770+ clients, including Fortune 500s, Forbes 2000 names, GCCs, MNCs, and high-growth Indian
businesses. The Company also offers SmartVantage, a GCC-focused solution combining scalable
campuses with a curated ecosystem of partners across legal, compliance, talent, and operational support
- enabling rapid and compliant expansion in India. Smartworks listed on NSE and BSE on 17 July 2025.
Safe Harbor Statement
This press release (the “Release”), prepared by Smartworks Coworking Spaces Limited (the “Company”),
is furnished solely for informational purposes and shall not constitute, or be relied upon in connection with,
any offer, solicitation, or invitation to subscribe for or purchase any securities of the Company. No securities
of the Company will be offered except by means of a statutory offering document that contains detailed
information about the Company. The information and data contained herein have been compiled from
sources the Company believes to be reliable; however, the Company makes no representation or warranty,
express or implied, as to the accuracy, completeness, or fairness of such information. This Release is not
intended to be all-inclusive, and readers should not rely solely on the information contained herein. The
Company expressly disclaims any liability for any loss arising from, or in reliance upon, the whole or any
part of the contents of this Release. This Release may include forward-looking statements regarding,
among other things, the Company’s financial performance, growth prospects, strategy, and market
opportunities. These statements involve known and unknown risks, uncertainties, and other factors such
as macro-economic conditions, competitive pressures, regulatory changes, technological developments,
and execution challenges that could cause actual results, performance, or achievements to differ materially
from those expressed or implied herein. The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future events, or otherwise, except as
required by applicable law. Any forward-looking statements or projections attributed to third parties
contained in this Release are not endorsed by the Company, which accepts no responsibility for such third-
party information
For media queries
Anita Sharma – PR & Communications
Anita.sharma@sworks.co.in