Smartworks Adds 4.02 Lakh Sq. Ft. Capacity in Gurugram, Invests ₹60 Crore
Smartworks Coworking Spaces Limited is adding 4,02,200 sq. ft. to its Gurugram capacity. The expansion, expected by May 2026, requires an investment of approximately ₹60 crore, funded by internal accruals or issue proceeds.
Capacity addition and investment of ₹60 crore are material to the company's operations and growth strategy.
The company is expanding its capacity, indicating growth and positive business outlook.
Smartworks Coworking Spaces Limited has announced a significant expansion of its operational capacity by adding 4,02,200 square feet in Gurugram. This expansion is part of the company's strategy to support business growth and broaden its operational footprint.
The company reported that as of March 31, 2026, its existing leased capacity stood at 13.7 million square feet, with an operational capacity of 10.1 million square feet, operating at an 82% utilization rate.
The new capacity addition is scheduled to be completed within May 2026, requiring an estimated investment of ₹60.00 crore. The financing for this expansion will be sourced from internal accruals or issue proceeds.
What to do with a filing like this
Smartworks Coworking Spaces Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Smartworks Coworking Spaces Limited. Read the original for the full detail.