Integrated Filing — IndAS



General information about company

Scrip Code 544447
NSE Symbol SMARTWORKS
MSEI Symbol NOTLISTED
ISIN INE0NAZ01010
Name of company SMARTWORKS COWORKING SPACES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 22-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 11-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Developing and licensing fully serviced office spaces, design and fitout services and other related services
Start date and time of board meeting 22-07-2026   10:49:00
End date and time of board meeting 22-07-2026   11:57:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not defaulted on loans and debt securities



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 52,771.30 52,771.30
Other income 1,372.10 1,372.10
Total income 54,143.40 54,143.40
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 282.20 282.20
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 2,446.40 2,446.40
(e) Finance costs 9,447.80 9,447.80
(f) Depreciation, depletion and amortisation expense 23,884.20 23,884.20
(f) Other Expenses
1 Other Expenses 1,429.10 1,429.10
2 Operating expenses 15,280.50 15,280.50
Total other expenses 16,709.60 16,709.60
Total expenses 52,770.20 52,770.20
3 Total profit before exceptional items and tax 1,373.20 1,373.20
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,373.20 1,373.20
6 Tax expense
7 Current tax 1,157.70 1,157.70
8 Deferred tax (812.10) (812.10)
9 Total tax expenses 345.60 345.60
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,027.60 1,027.60
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 1,027.60 1,027.60
17 Other comprehensive income net of taxes (14.00) (14.00)
18 Total Comprehensive Income for the period 1,013.60 1,013.60
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 11,426.30 11,426.30
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.9 0.9
Diluted earnings (loss) per share from continuing operations 0.9 0.9
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.9 0.9
Diluted earnings (loss) per share from continuing and discontinued operations 0.9 0.9
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Unaudited Standalone Financial Results for the quarter ended June 30, 2026 of the Smartworks Coworking Spaces Limited (the “Company”) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 22, 2026. The Unaudited Standalone Financial Results have been reviewed by the Statutory Auditors of the Company. 2. The Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles as laid down in Indian Accounting Standards 34 Interim Financial Reporting (Ind AS 34), prescribed under section 133 of the Companies Act, 2013, as amended (the Act) read with relevant rules issued thereunder, as amended and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended (the LODR Regulations). 3. The Unaudited Standalone Financial Results includes the results for the quarter ended March 31, 2026 being the balancing figure between audited figure in respect of the full financial year and the unaudited published figures for the nine months ended December 31, 2025, which were subjected to limited review by statutory auditors of the Company. 4. The Company's primary business segment involves developing and licensing fully serviced office spaces, design and fitout services and other related services. The Company's Chief Operating Decision Maker ('CODM') reviews the Company's performance as a single operating unit. Accordingly, the Company has a single operating segment. Hence, the disclosures as per Regulation 33(1)(e) read with Clause (L) of Part A of Schedule IV of the LODR Regulations are not applicable to the Company. 5. All the amounts included in the Unaudited Standalone Financial Results are rounded off to the nearest millions, except per share data and unless stated otherwise. 6. The results for the quarter ended June 30, 2026 are available on Stock Exchange websites www.nseindia.com and www.bseindia.com and on the Company's website https://www.smartworksoffice.com/investors/



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 - Re-measurement gain/(loss) on defined benefit plans (18.70) (18.70)
Total Amount of items that will not be reclassified to profit and loss (18.70)
2 Income tax relating to items that will not be reclassified to profit or loss (4.70) (4.70)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income (14.00) (14.00)





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 17-07-2025
Amount Raised 44,500.00
Report filed for Quarter ended 30-06-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE RATINGS LIMITED
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company Not applicable 11,400.00 0.00 11,400.00 0.00 There is no deviation or variation in the IPO Proceeds as on 30th June 2026.
2 Capital expenditure for fit-outs in the new centres and for security deposits of the new centres Not applicable 22,584.00 0.00 15,965.40 0.00 There is no deviation or variation in the IPO Proceeds as on 30th June 2026.
3 General corporate purposes Not applicable 5,663.20 0.00 5,661.50 0.00 There is no deviation or variation in the IPO Proceeds as on 30th June 2026.
4 Offer related expenses to the extent applicable to the fresh issue of equity shares Not applicable 4,852.80 0.00 4,451.90 0.00 There is no deviation or variation in the IPO Proceeds as on 30th June 2026.


Signatory Details

Name of signatory Harsh Binani
Designation of person Director
Place Gurugram
Date 22-07-2026