Smartworks Coworking Spaces Limited has informed the Exchange regarding a press release dated November 03, 2025, titled "Intimation under Regulation 30 read with Schedule III of the Securities and Exchange Board of India ("SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) Press Release Smartworks Signs Agreement for the World s Largest Flexible Workspace Campus over 815,000 sq. ft. at Eastbridge, Mumbai by Hiranandani Group .".
SMARTWORKS · price
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Awaiting price reaction for this filing.
Smartworks has signed an agreement to license over 815,000 sq. ft. at Eastbridge in Vikhroli, Mumbai — a commercial development by the Niranjan Hiranandani Group — claiming it as the world's largest flexible workspace campus ever leased by a managed workspace provider. The campus, scheduled to go live in Q4 CY 2026, will be WELL and IGBC certified and feature amenities like amphitheatres, jogging tracks, and EV charging stations. This adds to Smartworks' recent 557,000 sq. ft. expansion at Tata Realty's Intellion Park in Navi Mumbai. Smartworks currently manages around 12 million sq. ft. across 14 cities in India and Singapore, serving over 730 clients including Forbes 2000 companies and MNCs.
This is a strong growth signal that reinforces Smartworks' leadership in the managed office space segment and significantly expands its future capacity, which could drive revenue growth once the campus becomes operational in late 2026. Positive for the stock's growth narrative, though the campus will take time to ramp up occupancy and contribute to earnings.