Smartworks adds 2.47 lakh sq ft coworking capacity in Jaipur
SMARTWORKS · price
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On the reaction day the stock moved 6.2 pts more than Nifty Microcap 250 and 7.1 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Smartworks is adding around 2.47 lakh sq ft of new coworking capacity in Jaipur with an investment of about INR 35 crore, to be funded through internal accruals or issue proceeds. Addition expected within July 2026. Existing leased capacity stands at 13.7 million sq ft with 82 percent utilization on 10.1 million sq ft operational, indicating tight capacity and room to grow. Move aimed at supporting business growth and expanding operational footprint.
Expansion at high 82 percent utilization signals demand strength. INR 35 cr capex funded internally is mildly positive for stock.