Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Capacity Addition
SMARTWORKS · price
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Smartworks Coworking Spaces Limited has disclosed adding 4,02,200 sq. ft. of capacity at its Gurugram location. The company's existing operational capacity stands at 10.1 million sq. ft. with an 82% utilization rate. The expansion requires an investment of approximately INR 60 crores, to be funded through internal accruals or issue proceeds. The new capacity is expected to be added within May 2026. The rationale stated is to support business growth and expand the company's operational footprint.
The expansion signals continued business growth and demand for coworking spaces, though at 82% utilization the market opportunity appears solid. The INR 60 crore capex is funded internally, indicating no immediate shareholder dilution concern.