Smartworks Coworking Spaces Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
SMARTWORKS · price
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Smartworks Coworking Spaces Limited has provided an update on a pending litigation involving an appeal filed by Infrastructure Watchdog before the Securities Appellate Tribunal (SAT) concerning the company's IPO. The matter was listed before the Supreme Court on August 4, 2025, and has been adjourned to August 8, 2025. The case remains pending admission, meaning no final ruling has been made yet. The company's promoters — Neetish Sarda, NS Niketan LLP, and SNS Infrarealty LLP — are named parties to the dispute. No settlement has been reached, and no financial impact has been disclosed at this stage. This is a voluntary disclosure made under SEBI listing regulations.
The litigation remains at a preliminary stage with no adverse ruling yet, so there is no immediate financial impact on shareholders. However, investors should monitor the next hearing on August 8, 2025, as an unfavourable outcome could affect the company's IPO-related disclosures or reputation.