Smartworks Coworking Spaces Limited has informed the Exchange about Capacity addition
SMARTWORKS · price
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Smartworks Coworking Spaces has signed a lease deed to add 1,25,906 sq. ft. of operational capacity in Hyderabad, expected to be ready within April 2026. The company currently has 11.1 million sq. ft. of leased capacity and 9.2 million sq. ft. of operational capacity, running at 84% utilization. The expansion will cost approximately INR 17 crores, funded through internal accruals or issue proceeds. Management cites business growth and footprint expansion as the rationale for the addition.
This is a modest capacity addition (~1.1% of existing operational capacity) suggesting steady, organic growth rather than aggressive expansion. The 84% utilization rate indicates healthy demand, and funding through internal accruals/issue proceeds means no added debt burden on shareholders.