Disclosure under Regulation 32 (6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015- Monitoring Agency Report
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Awaiting price reaction for this filing.
Smartworks Coworking Spaces Limited has submitted the Monitoring Agency Report to the stock exchanges as required under Regulation 32(6) of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. This is a mandatory periodic disclosure for companies that have raised funds through public issues or other means, where an independent monitoring agency tracks how the company is utilizing the proceeds. The filing confirms the company's compliance with SEBI's disclosure norms regarding fund usage. The detailed report would specify whether the funds raised have been deployed in line with the stated objectives at the time of the issue.
This is a routine compliance filing and is unlikely to have any material impact on the stock price unless the monitoring agency highlights any significant deviation in the use of funds from the originally disclosed purpose.