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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Awaiting price reaction for this filing.
Smartworks Coworking Spaces has shared an update on a pending legal case connected to its recent IPO. An appeal filed by Infrastructure Watchdog before the Securities Appellate Tribunal (SAT), which has now reached the Supreme Court, was listed on August 14, 2025, and adjourned to August 18, 2025. The matter is still pending admission, meaning the court has not yet decided whether to take up the case. Promoters Neetish Sarda, NS Niketan LLP, and SNS Infrarealty LLP are named as parties. The company has said it will share further updates when there is a substantial development. This follows earlier disclosures made on July 19, July 22, August 4, and August 6, 2025.
No immediate impact on shareholders as the court has only adjourned the hearing and not passed any order. Investors should watch for the August 18, 2025 hearing, as an adverse ruling on admission could create negative sentiment around the recently listed stock.