Smartworks leases 1.82 lakh sq ft in Mumbai; INR 25 Cr investment
SMARTWORKS · price
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.1 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Smartworks has leased 1,82,300 sq ft in Mumbai for coworking capacity addition, investing about INR 25 Crores funded by internal accruals or issue proceeds. Current capacity stands at 11.1 million sq ft leased and 9.2 million operational, running at 84% utilization. The new space is expected to be added within February 2026 to support business growth.
Expands operational footprint in Mumbai, signaling management confidence in business expansion and demand.