Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Capacity Addition
SMARTWORKS · price
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Smartworks Coworking Spaces has disclosed adding 4,92,661 Sq. Ft of capacity in Bengaluru. The company currently operates 10.1 Million Sq. Ft (operational) out of 13.7 Million Sq. Ft leased capacity, with 82% utilization. The new addition represents about 4.9% increase over existing operational capacity. The expansion requires investment of approximately INR 70 Crores, to be funded through internal accruals or issue proceeds. The company states the rationale as supporting business growth and expanding operational footprint.
The capacity addition signals continued business growth and should support future revenue expansion. The investment is funded internally, avoiding debt pressure. However, the size is modest relative to existing operations.