Smartworks Adds 4.92 Lakh Sq. Ft. Capacity in Bengaluru, Invests ₹70 Crore
Smartworks is adding 4,92,661 Sq. Ft. capacity in Bengaluru. The expansion, to be completed by May 2026, requires an investment of approximately ₹70 Crores, funded by internal accruals or issue proceeds. This aims to support business growth and expand operational footprint.
Capacity expansion and investment are positive developments for the company's growth but do not represent a fundamental shift in business model or immediate profitability.
The company is expanding its capacity, indicating growth and positive business outlook.
Smartworks Coworking Spaces Limited has announced a significant capacity addition of 4,92,661 Sq. Ft. in Bengaluru. This expansion is part of the company's strategy to support business growth and increase its operational footprint.
The company's existing capacity, as of March 31, 2026, stands at 13.7 million Sq. Ft. (leased) with an operational capacity of 10.1 million Sq. Ft. The current operational capacity utilization is 82%.
The new capacity is expected to be added within May 2026, with an approximate investment of ₹70.00 Crores. The funding for this expansion will be met through internal accruals or issue proceeds. This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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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.