Announced Thu, 25 Jun · 18:33 IST
Smartworks appoints two new Independent Directors to its Board
Management Changes View source PDF
SMARTWORKS · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹490.90
prior close
₹489.00
base price
After-mkt
timing
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+0.6-0.4-0.4-1.5-1.2+0.0-1.8-3.2-3.0-8.3-1.0———
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AI summary
Smartworks Coworking Spaces has appointed Mr. Rajeev Krishnamuralilal Agarwal as Additional Non-Executive and Independent Director effective June 25, 2026, and recommended Mr. Dilip Deshmukh as Non-Executive and Independent Director. Both get 3-year terms, not liable to retire by rotation. Agarwal is a former SEBI Whole Time Member and 1983-batch IRS officer. Deshmukh is a retired judge and former Chairman of the Company Law Board. Neither is debarred by SEBI.
Likely market impact
Addition of two high-profile independent directors with regulatory and legal expertise strengthens board governance and oversight.