5444472026-08-245444472026-08-242026-08-24544447SMARTWORKS COWORKING SPACES LIMITEDSMARTWORKSNOTLISTEDINE0NAZ01010NewOther Restructuringtrue2026-08-2416:25:002026-08-24As per the audited financial statements of the Company for the financial year ended March 31, 2026, the Company reflects the Accumulated Losses (debit balance of Profit & Loss Account) amounting to INR 3,85,61,76,525/- (Indian Rupees Three Hundred Eighty-Five Crore, Sixty-One Lakh, Seventy-Six Thousand, Five Hundred Twenty-Five) and a balance of INR 7,98,22,14,923/- (Indian Rupees Seven Hundred Ninety-Eight Crore, Twenty-Two Lakh, Fourteen Thousand, Nine Hundred Twenty-Three) standing to the credit of its Securities Premium Account. In order to present a true and fair view of the Company’s affair, and to eliminate such Accumulated Losses from the books of account, the Board, subject to the approval of the Members by way of a Special Resolution and sanction of the Hon’ble National Company Law Tribunal, approved the utilisation of the balance, standing to the credit of the Securities Premium Account for the purpose of setting off such accumulated losses, in accordance with the provisions of Section 66 read with Section 52 of the Companies Act, 2013 and the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016.The Securities Premium Account, standing at INR 7,98,22,14,923/- as on March 31, 2026, will stand reduced by INR 3,85,61,76,525, resulting in a residual balance of approximately INR 4,12,60,38,398, with a corresponding elimination of the accumulated losses from the books of account. The restructuring does not involve any reduction of the issued, subscribed or paid-up equity share capital of the Company, any payment or distribution to shareholders, or any cash outflow, and has no impact on the Company’s net worth, operations, or ability to meet its obligations to creditors.The proposed reduction will enable the Company to eliminate accumulated losses from its books of account and present a true and fair view of its financial position. It will also facilitate alignment of the Company’s reserves with its current financial position and provide greater financial flexibility for future operations and corporate actions, subject to applicable laws and regulatory approvals.trueNone. The restructuring does not confer any benefit, financial or otherwise, on the promoter, promoter group, or any group company, and no consideration or benefit passes to any such party pursuant to the proposal.None. The Proposed Reduction does not involve any change in the shareholding pattern of the Company.