WeWork India Q1 loss narrows; MoA amendment and capital rejig approved

WeWork India reported Q1FY27 revenue of Rs 6,838.32 million, up about 28 percent YoY, with consolidated loss narrowing to Rs 40.61 million from Rs 141.47 million. Board approved amending MoA objects to add e-commerce, digital platforms, and tech-enabled business activities. Reclassified authorised share capital to all-equity by removing the CCPS class. Also approved using about Rs 20,501.60 million from Securities Premium Account to set off accumulated losses, pending shareholder and NCLT approval. No change to paid-up capital or shareholding.