Smartworks Coworking Spaces Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
SMARTWORKS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Smartworks Coworking Spaces has informed the stock exchanges about an update in a pending litigation connected to its IPO. The case was originally filed by Infrastructure Watchdog before the Securities Appellate Tribunal (SAT), and the matter is now before the Supreme Court. The Supreme Court hearing, which was scheduled for August 8, 2025, has been rescheduled to August 14, 2025. Promoters Neetish Sarda, NS Niketan LLP, and SNS Infrarealty LLP are named parties in the case. The company has amended its earlier intimation dated August 4, 2025, to reflect the new hearing date. No settlement, financial impact, or penalty details have been disclosed.
This is a procedural update with no change in the substance of the case. Short-term impact on the stock is expected to be minimal, but investors should monitor the outcome of the August 14 hearing, as an adverse ruling could affect the company and its promoters.