Acquisition

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 Corporate Relationship Department C omplex Bandra [E], Mumbai – 400051 Phiroze Jeejeebhoy Towers, D alal Street, Fort, Mumbai - 400 001 NSE Scrip Symbol: SMARTWORKS BSE Scrip Code: 544447 ISIN: INE0NAZ01010 ISIN: INE0NAZ01010 Subject: Intimation of completion of Acquisition – under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Acquisition of Step-Down Wholly Owned Subsidiary Dear Sir/Ma’am, This is in furtherance of our disclosure dated June 25, 2026 on proposed acquisition of WorkStudio Spaces Pte. Ltd., based at Singapore ("WorkStudio") by Smartworks Space Pte. Ltd., a wholly owned subsidiary of the Company (“Subsidiary”). The same has been completed at a total consideration of 2.47 Million SGD on July 06, 2026. Consequently, WorkStudio has become Step Down Subsidiary of the Company. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026 are attached herewith as "Annexure-A". The above information will also be hosted on the website of the Company i.e. https://www.smartworksoffice.com/investors/. 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 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 Annexure-A The details as required under Regulation 30 of SEBI (LODR) Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026 Detail of Acquisition (including agreement to acquire) S. No Details of Events that need to be provided Information of such events(s) 1 Name of the target entity, details in brief such WorkStudio Spaces Pte. Ltd as size, turnover etc. Please refer S. No. 10 regarding brief details including turnover of the Target Company. 2 whether the acquisition would fall within Yes, it will fall within related party related party transaction(s) and whether the transaction(s) since an immediate promoter/ promoter group/ group companies relative of one of the Directors (also a have any interest in the entity being promoter) of the Company, holds acquired? If yes, nature of interest and details interest in holding company of the target thereof and whether the same is done at “arm Company. length’s” The transaction has been carried out at “arm length’s basis. 3 industry to which the entity being acquired Flex Space Provider belongs; 4 objects and impact of acquisition (including The acquisition aims to strengthen but not limited to, disclosure of reasons for Smartworks’ presence in Singapore by acquisition of target entity, if its business is expanding its coworking and flex space outside the main line of business of the listed portfolio in a key international business entity); hub. Smartworks’ portfolio in Singapore will grow to four centres with ~76,000 sq. ft., more than doubling its footprint over the past two years. This expansion will enhance its market presence, improve its ability to serve enterprise clients, and support long-term growth in Asia. 5 brief details of any governmental or N.A. regulatory approvals required for the acquisition; 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 6 indicative time period for completion of the Completed on July 06, 2026 acquisition; 7 consideration - whether cash consideration or Cash share swap or any other form and details of the same 8 cost of acquisition and/or the price at which 2.47 Million SGD the shares are acquired; 9 percentage of shareholding / control acquired 100% through Wholly-Owned and / or number of shares acquired; Subsidiary of the Company. 10 Brief background about the entity acquired in WorkStudio Spaces Pte. Ltd. is a terms of products/line of business acquired, company incorporated in Singapore on date of incorporation, history of last 3 years November 20, 2024. The company is turnover, country in which the acquired engaged in the business of providing entity has presence and any other significant flexible workspace solutions, managed information (in brief); office spaces and related services. The entity primarily operates in Singapore. The turnover of the WorkStudio Spaces Pte. Ltd. for the last three financial years is as follows: Since Incorporation to 31st March, 2026: INR 5.09 Crores. 2nd Last F.Y.: N.A. 3rd Last F.Y.: N.A. Other significant information: NA 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