Smartworks Coworking Spaces Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015- Shareholders letter dated April 30, 2026

Smartworks Coworking Spaces Limited reported its first full year of PAT profitability at ₹10 Cr versus a loss of ₹63 Cr in FY25. Revenue grew 31% YoY to ₹1,796 Cr, normalized EBITDA surged 75% YoY to ₹314 Cr, and EBITDA margin expanded 440 bps to 17.5%. ROCE more than doubled from 7.3% to 16.0%, while cash ROCE reached 40.5%. The company became the first listed flexible workspace platform in India to cross 10.1 million sq ft of operational area, with total footprint at 16.1 Msf. Committed occupancy stands at 93%, client retention at 88%, and contracted rental revenue exceeds ₹5,200 Cr providing strong multi-year visibility. Smartworks closed FY26 net debt negative (₹56 Cr net cash), with gross debt reduced by over 50% since IPO and CARE rating upgraded two notches to A (Stable). OCF consistently exceeds EBITDA, confirming self-sustaining growth without external capital needs.