Smartworks Coworking Spaces Limited has informed the Exchange about Capacity addition
SMARTWORKS · price
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Smartworks Coworking Spaces Limited disclosed adding 4,92,661 Sq. Ft of capacity in Bengaluru, bringing total leased capacity to 13.7 million Sq. Ft and operational capacity to 10.1 million Sq. Ft. The company currently operates at 82% capacity utilization. The expansion requires an investment of approximately INR 70 Crores, funded through internal accruals or issue proceeds. The new capacity is expected to be operational by May 2026, supporting business growth and expanding the company's operational footprint in Bengaluru.
The capacity expansion signals management confidence in demand growth, but at 82% utilization, the company appears to be proactively adding space ahead of demand. The INR 70 Crores investment will be funded internally, which could impact near-term cash flows without diluting shareholder equity.