Smartworks Coworking Spaces Limited has informed the Exchange about Capacity addition
SMARTWORKS · price
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Smartworks Coworking Spaces Limited has disclosed adding 4,02,200 sq. ft. of capacity at its Gurugram location. The company currently operates 13.7 million sq. ft. of leased capacity (10.1 million sq. ft. operational) with 82% utilisation of operational space as of March 31, 2026. The expansion requires an investment of approximately INR 60 crores and will be funded through internal accruals or issue proceeds. The company expects to complete this addition within May 2026, citing business growth and expanded operational footprint as the rationale.
This expansion signals continued growth in Smartworks' coworking business and could be positive for revenue potential, though the INR 60 crore capex represents a notable capital commitment. Current high utilisation (82%) of operational capacity provides justification for adding more space to capture unmet demand.