Smartworks Coworking Spaces (SMARTWORKS) — Board Meeting

📢 Key Event
Board approved unaudited financial results for Q1 FY2026 and confirmed IPO fund utilization.

🔮 What's Next
The board did not provide explicit future financial guidance or deadlines in the filing.

💡 Investor Takeaway
The company returned to profitability in Q1 FY2026 after a loss a year earlier, signaling operational improvement.

Smartworks Coworking Spaces Limited announced the outcome of its board meeting held on 22 July 2026, where it approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also reviewed the company's initial public offering (IPO) utilization and confirmed the appointment of Deloitte Haskins & Sells LLP as auditor. The financial results showed revenue of ₹5,414.34 crores for standalone and ₹5,596.66 crores for consolidated, with profit after tax of ₹102.76 million standalone and [amount not verified]million consolidated. The company disclosed unutilized IPO proceeds of ₹702.12 crores** deposited in escrow accounts.

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About Smartworks Coworking Spaces Limited (SMARTWORKS)

Services · Commercial Services & Supplies · Listed on NSE

Market Cap: ₹4,997.82 Cr P/E: 474.7

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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