Smartworks Coworking Spaces Limited has informed the Exchange about Diversification/Disinvestment

Strategic Transactions View source PDF Explain this filing

SMARTWORKS · price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹490.00

prior close

₹486.60

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-0.1% vs market

Diversified Commercial Services peers, median of 69sector-0.7%-0.1% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.1 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

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15m

-0.7

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.7-0.1-0.7-0.1

Next day

-0.1-0.9+0.8-0.4+0.3

+0.9+0.4+0.5+0.1+0.9

+7.1+1.3+5.9+0.0+7.1

+9.2+2.3+6.9+0.0+9.2

+10.7+1.6+9.2+0.0+10.7

+5.3+2.0+3.3-0.6+5.9

15d

+5.4+4.2+1.2+1.1+4.3

+15.9-1.0+16.9-0.4+16.3

+17.3+2.6+14.7-1.2+18.6

-2.9-0.4-2.5-7.3+4.4

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Smartworks Coworking Spaces has completed the dilution of its stake in Clean Max DOS Private Limited (Cleanmax), an associate company. The company's shareholding in Cleanmax has reduced from 24.82% to 9.08%, with the sale agreement dated August 21, 2025 and completion on August 26, 2025. Net consideration received by Smartworks is approximately ₹99.08 lakh (₹99,07,807). The buyer is Clean Max Enviro Energy Solutions Limited, which is not a related party or part of the promoter group. All formalities and compliances related to the transaction have been completed.

Likely market impact

This is a minor financial transaction for Smartworks, representing less than ₹1 crore in proceeds and involving a non-core associate company (Cleanmax operates in the clean energy space, unrelated to Smartworks' coworking business). The reduced stake from 24.82% to 9.08% means Smartworks will have limited influence over Cleanmax going forward. The financial impact on Smartworks is immaterial, and the stock is unlikely to react meaningfully to this disclosure.