5444472026-07-012026-09-305444472026-09-305444472026-03-315444472026-04-012026-09-305444472026-07-012026-09-30in-capmkt:OtherExpenses1Member5444472026-07-012026-09-30in-capmkt:OtherExpenses2Member5444472026-04-012026-09-30in-capmkt:OtherExpenses1Member5444472026-04-012026-09-30in-capmkt:OtherExpenses2Member5444472026-09-30OtherNoncurrentFinancialAssetsDomain15444472026-09-30OtherNoncurrentAssetsDomain15444472026-09-30OtherNoncurrentAssetsDomain25444472026-09-30OtherNoncurrentAssetsDomain35444472026-09-30OtherCurrentFinancialAssetsDomain15444472026-09-30OtherCurrentAssetsDomain15444472026-09-30OtherNoncurrentFinancialLiabilitiesDomain15444472026-09-30OtherNoncurrentFinancialLiabilitiesDomain25444472026-09-30OtherNoncurrentLiabilitiesDomain15444472026-09-30OtherCurrentFinancialLiabilitiesDomain15444472026-09-30OtherCurrentFinancialLiabilitiesDomain25444472026-09-30OtherCurrentLiabilitiesDomain15444472026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15444472026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15444472026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15444472026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544447SMARTWORKSNOTLISTEDINE0NAZ01010Smartworks Coworking Spaces LimitedMain BoardEquity2026-04-012027-03-312026-10-302026-10-01INRMillionsQuarterlySecond quarterSingle segmentdeveloping and licensing fully serviced office spaces, design and fitout services and other related services2026-10-3009:00:002026-10-3010:35:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated591370000013931000060530100000128900000278990000975610000259061000018462100005704310000348700000034870000022920000693700009229000002564100000000256410000719000026360000000001143820000102.242.24002.242.241. The Unaudited Consolidated Financial Results for the quarter and six month ended September 30, 2026 of the Smartworks Coworking Spaces Limited (the “Parent”), its wholly owned subsidiaries and step down subsidiaries (together referred to as "the Group") have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on October 29, 2026 and October 30, 2026, respectively. The Unaudited Consolidated Financial Results have been reviewed by the Statutory Auditors. <br /> <br /> 2. The Unaudited Consolidated 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"). <br /> <br /> 3. The Group's primary business segment involves developing and licensing fully serviced office spaces, design and fitout services and other related services. The Group's Chief Operating Decision Maker ("CODM") reviews the Group's performance as a single operating unit. Accordingly, the Group 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 Group. <br /> <br /> 4. During the quarter ended September 30, 2026, Smartworks Space Pte. Ltd., a wholly owned subsidiary of the Parent, acquired 100% of the equity share capital of Workstudio Spaces Pte. Ltd., a Singapore-based coworking space operator from a related party of the Group. The acquisition was completed on July 7, 2026, for a consideration of SGD 2.47 millions (Rs. 180.68 millions). For the purpose of consolidation, the Group has applied the practical expedient permitted under Ind AS 103 - Business Combinations and has accounted for the transaction with effect from July 1, 2026. The Purchase Price Allocation (PPA) and fair values are as follows:- <br /> Payments for business acquisition, net of cash acquired- Rs. 161.10 millions <br /> Less: fair value of favourable lease terms (included under right-of-use assets) - Rs. (92.75) millions <br /> Less:fair value of other identified assets (net of liabilities)- Rs. (25.53) millions <br /> Add: Deferred tax liability on favourable lease terms recognised in consolidated financial statements- Rs. 15.77 millions <br /> Total:- Goodwill- Rs. 58.59 millions <br /> <br /> 5. The Board of Directors of the Parent, at its meeting held on August 24, 2026, approved the utilisation of Rs. 3,856.18 millions from the Securities Premium Account towards setting off the accumulated losses incurred by the Parent upto March 31, 2026, to eliminate the accumulated losses from its books of account. The Special Resolution in this regard was subsequently passed by the Members of the Parent at the Annual General Meeting held on September 22, 2026, subject to the sanction of the Hon’ble National Company Law Tribunal ("NCLT"). As the NCLT approval is pending as at September 30, 2026, the proposed adjustment has not been given effect in these financial results. <br /> <br /> 6. During the quarter ended September 30, 2026, the paid-up equity share capital of the Parent had increased from Rs. 1,142.63 millions to Rs. 1,143.82 millions pursuant to allotment of 119,000 equity shares on exercise of stock options by employees. <br /> <br /> 7. All the amounts included in the Unaudited Consolidated Financial Results are rounded off to the nearest millions, except per share data and unless stated otherwise. <br /> <br /> 8. The results for the quarter and six months ended September 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/2026-04-012026-09-30UnauditedConsolidated11376180000273490000116496700000713300000543180000193659000050476900003526500000111252900005243800000524380000138870000-238000013649000003878900000000387890000751000039540000000001143820000103.393.39003.393.39Operating expenses1717310000Other expenses128900000Operating expenses3260030000Other expenses266470000156123300002788700000060120000156860000259400000022310000004835420000485773000013941900004859868000073494550000037083000049746000083187000011673000009363300002753220000114211000038953300000077389880000114382000045661400005709960000057099600001467680000000527522700005421995000010896000018930000089083000055238670000869730000166890000193053000020974200001259133000015558480000859460000218600001450000016441250000007167992000077389880000Other non-current financial assets4835420000Other non-current assets2298320000Income tax assets (net)109880000Right of use assets46190480000Other current financial assets936330000Other current assets1142110000Other non-current financial liabilities5270240000Lease liabilities47482030000Other non-current liabilities890830000Other current financial liabilities3664610000Lease liabilities8926720000Other current liabilities85946000019365900000-1152300000000-137884000001640600000005047690000010780000014371000000002550000005500000-9300000-35000000-2988400000654938000070737600000005433000007019430000016110000036870000004053300000000056000030658600000000000000000000008732000001407360000-20980200000000001190000061159000038356000049972300000957400000-110260000-4974010000-526000005270000-47330000879200000831870000Re-measurement gain/(loss) on defined benefit plans370000370000Re-measurement gain/(loss) on defined benefit plans-1400000-140000090000-360000Net gain due to foreign currency translation differences69100006910000Net gain due to foreign currency translation differences855000085500000071900007510000