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 has informed the exchanges that the Supreme Court of India has dismissed the appeal filed by Infrastructure Watchdog on August 25, 2025. This appeal was a challenge to a prior SAT (Securities Appellate Tribunal) order related to the company's IPO (prospectus dated July 14, 2025). The promoters — Neetish Sarda, NS Niketan LLP, and SNS Infrarealty LLP — were parties to the case. With the Supreme Court dismissing the appeal, the legal challenge to the IPO has been resolved in the company's favor. No settlement, compensation, or penalty was involved, and there is no material financial impact on the company.
This is positive news for Smartworks shareholders — a legal cloud over its IPO has been cleared by the country's highest court, removing uncertainty and reducing litigation overhang on the stock.