Smartworks to acquire Singapore coworking firm WorkStudio

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

SMARTWORKS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.2%Reaction day

₹490.90

prior close

₹489.00

announcement price

After-mkt

timing

Nifty Microcap 250market-0.3%+1.5% vs market

Diversified Commercial Services peers, median of 72sector-0.9%+2.1% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

-0.4

15m

-0.4

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2-0.3+1.5-0.9+2.1

Next day

-1.2+0.8-1.9-0.4-0.8

+0.0+0.9-0.9-0.8+0.9

-1.8+1.8-3.6+0.0-1.8

-3.2+1.5-4.7+0.0-3.2

-3.0+1.7-4.7-0.7-2.3

-8.3-1.1-7.2-1.6-6.7

15d

-1.0+1.0-2.0-3.0+2.0

-2.5+0.4-2.9-3.0+0.5

+10.0+6.4+3.7-3.2+13.2

+4.6+5.5-0.9-3.1+7.7

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 72Pending

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

AI summary

Smartworks will acquire 100% of WorkStudio Spaces Pte. Ltd., Singapore, through its wholly owned subsidiary. WorkStudio will become a step-down subsidiary. Target is a flex space provider incorporated Nov 2024 with turnover of INR 5.09 Crores since inception to March 2026. Deal is a related party transaction, cash consideration, expected to close by July 2026. Expands Singapore portfolio to 4 centres covering about 76,000 sq. ft.

Likely market impact

International expansion into Singapore flex space market, doubling footprint. Related party deal to watch for governance; cost not disclosed yet.