Smartworks Coworking Spaces chairman and AGM
NSE: SMARTWORKSBSE: 544447Commercial Services & SuppliesSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹484.50.
30 Oct: open ₹480.10, high ₹517.00, low ₹466.00
- Next results date: the board meets on 30 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹5,496 Cr784th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 97.01
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 9.63
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 50.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.41
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 21,24,78611.9% delivered
Smartworks Coworking Spaces' chairperson is Atul Gautam, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 22 Sep 2026.
Smartworks Coworking Spaces board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonAtul Gautam
- Company Secretary and Compliance OfficerPunam Dargar
9 directors5 independent2 executive2 non-executive
- Atul Gautam · ChairpersonNon-executive · joined Jun 2024 · 1 listed board · 2 committee seats, 1 as chair
- Neetish SardaExecutive · joined Dec 2015 · 1 listed board
- Harsh BinaniExecutive · joined Oct 2019 · 1 listed board · 1 committee seat
- Virusangulam Kumarasamy SubburajIndependent · joined Jul 2024 · reappointed Aug 2024 · 26 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Rajeev RishiIndependent · joined Jul 2024 · reappointed Aug 2024 · 26 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Pushpha MishraIndependent · joined Aug 2024 · reappointed Aug 2024 · 25 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- Ho Kiam KheongNon-executive · joined Jul 2024 · 1 listed board · 1 committee seat
- Rajeev Krishnamuralilal AgarwalIndependent · joined Jun 2026 · reappointed Sep 2026 · 3 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 2 as chair
- Dilip DeshmukhIndependent · joined Sep 2026 · reappointed Sep 2026 · 0 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 24 Aug 20267 of 8 present4 independent · 32 days in between
- 22 Jul 20268 of 8 present4 independent · 26 days in between
- 25 Jun 20265 of 7 present2 independent · 55 days in between
- 30 Apr 20267 of 7 present3 independent
Audit Committee
Chair Rajeev Rishi
Virusangulam Kumarasamy Subburaj, Atul Gautam, Rajeev Krishnamuralilal Agarwal
- 24 Aug 20264 of 4 present3 independent · 32 days in between
- 22 Jul 20263 of 3 present2 independent · 26 days in between
- 25 Jun 20263 of 3 present2 independent · 55 days in between
- 30 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Virusangulam Kumarasamy Subburaj
Rajeev Rishi, Atul Gautam
- 22 Aug 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Atul Gautam
Virusangulam Kumarasamy Subburaj, Harsh Binani, Ho Kiam Kheong
- 17 Aug 20264 of 4 present1 independent
Risk Management Committee
Chair Rajeev Rishi
Harsh Binani, Neetish Sarda, Rajeev Krishnamuralilal Agarwal
- 25 Jun 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Neetish Sarda
Virusangulam Kumarasamy Subburaj, Harsh Binani, Rajeev Krishnamuralilal Agarwal
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Deloitte Haskins and Sells LLPPeer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Smartworks Coworking Spaces AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.
Annual general meeting, 22 Sep 2026
19,687 shareholders on the register on 15 Sep 2026; present: 8 promoters and 35 others; votes counted by Ms. Shirin Bhatt / Shirin Bhatt & Associates.
To receive, consider, and adopt the Audited Annual Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2026, together with Auditors’ Report thereon and the Boards’ Report.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
- To re-appoint Mr. Atul Gautam (DIN:10641036), Non-Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
- Appointment of Mr. Dilip Deshmukh (DIN: 11699759) as a Non-Executive Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
- Appointment of Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221) as a NonExecutive Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
- Approval of Consultancy/ Advisory services from Mr. Atul Gautam (DIN: 10641036), Non-Executive Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 1.11%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
- Approval for enhancement of limits under Section 180(1)(a) of the Companies Act, 2013.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 1.02%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
- Approval for enhancement of limits under Section 186 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
- Approval of Scheme for Reduction of Share Capital (Through utilization of Securities Premium Account) of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 63.39% · promoters 100.00% · institutions 53.62% · other public 0.26%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Sep 2025, 10 resolutions
25,195 shareholders on the register on 22 Sep 2025; present: 4 promoters and 38 others; votes counted by Mrs. Shirin Bhatt / M/s. Shirin Bhatt & Associates.The company's voting result
To receive, consider, and adopt the Audited Annual Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with Auditors Report thereon and the Boards Report.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- To re-appoint Mr. Harsh Binani (DIN: 07717396), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.90% for0.10% against
Against: promoters 0.00% · institutions 1.69% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- Appointment of Mr. Ho Kiam Kheong (DIN:08661195) as a Non-Executive Director.Ordinary99.90% for0.10% against
Against: promoters 0.00% · institutions 1.69% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- Approval of revised remuneration of Mr. Neetish Sarda (DIN: 07262894), Managing DirectorSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.98% · promoters 100.00% · institutions 48.47% · other public 46.90%
- Approval of revised remuneration of Mr. Harsh Binani (DIN: 07717396), Whole Time Director.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- Re-appointment of Mr. Neetish Sarda (DIN: 07262894) as Managing Director.SpecialPromoters have an interest in it99.90% for0.10% against
Against: promoters 0.00% · institutions 1.69% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- Ratification of the Employees Stock Option Plan 2022 (ESOP 2022).Special98.48% for1.52% against
Against: promoters 0.00% · institutions 24.50% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- Ratification of the extension of benefits under Employees Stock Option Plan 2022 (ESOP 2022) to the employees of Subsidiary Companies.Special98.48% for1.52% against
Against: promoters 0.00% · institutions 24.50% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- Appointment of SBYN and Associates LLP, Company Secretaries, as Secretarial AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
- Approval of Consultancy Services from Mr. Atul Gautam (DIN: 10641036), Non-Executive Director.Ordinary99.71% for0.29% against
Against: promoters 0.00% · institutions 4.61% · other public 0.00%
Turnout: all 78.06% · promoters 100.00% · institutions 49.30% · other public 46.90%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 22 Sep 2026, 11 fund houses
To receive, consider, and adopt the Audited Annual Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2026, together with Auditors’ Report thereon and the Boards’ Report.MoreLess
11 for0 against- To re-appoint Mr. Atul Gautam (DIN:10641036), Non-Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.11 for0 against
- Appointment of Mr. Dilip Deshmukh (DIN: 11699759) as a Non-Executive Independent Director of the Company.11 for0 against
- Appointment of Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221) as a NonExecutive Independent Director of the Company.11 for0 against
- Approval of Consultancy/ Advisory services from Mr. Atul Gautam (DIN: 10641036), Non-Executive Director of the Company.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund
- Angel One Mutual FundGovernance & Transparency Concern: It is unclear why the Company has sought approval for the same resolution under Section 188 of Companies Act, 2013, during FY 2024-25, in contrast to the approval under Regulation 17(6)(ca) of the SEBI LODR in the ensuing AGM. Furthermore, it appears that the disclosures w.r.t the duration of approval appears to inadequate.
- Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance & Transparency Concern: It is unclear why the Company has sought approval for the same resolution under Section 188 of Companies Act, 2013, during FY 2024-25, in contrast to the approval under Regulation 17(6)(ca) of the SEBI LODR in the ensuing AGM. Furthermore, it appears that the disclosures w.r.t the duration of approval appears to inadequate.
8 for3 against - Approval for enhancement of limits under Section 180(1)(a) of the Companies Act, 2013.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund
- Angel One Mutual FundGovernance & Transparency concern: The Company has sought an enabling approval, and adequate disclosures have not been made for the shareholders to make an informed decision.
- Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance & Transparency concern: The Company has sought an enabling approval, and adequate disclosures have not been made for the shareholders to make an informed decision.
8 for3 against - Approval for enhancement of limits under Section 186 of the Companies Act, 201311 for0 against
- Approval of Scheme for Reduction of Share Capital (Through utilization of Securities Premium Account) of the Company.11 for0 against
Mutual fund votes, meeting of 29 Sep 2025, 4 fund houses
To receive, consider, and adopt the Audited Annual Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with Auditors Report thereon and the Boards Report.MoreLess
4 for0 against- To re-appoint Mr. Harsh Binani (DIN: 07717396), who retires by rotation and being eligible, offers himself for re-appointment.4 for0 against
- Appointment of Mr. Ho Kiam Kheong (DIN:08661195) as a Non-Executive Director.4 for0 against
- Approval of revised remuneration of Mr. Neetish Sarda (DIN: 07262894), Managing Director4 for0 against
- Approval of revised remuneration of Mr. Harsh Binani (DIN: 07717396), Whole Time Director.4 for0 against
- Re-appointment of Mr. Neetish Sarda (DIN: 07262894) as Managing Director.4 for0 against
- Ratification of the Employees Stock Option Plan 2022 (ESOP 2022).
Against Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund
- Baroda BNP Paribas Mutual Fundexercise price not available. Against the law
- Edelweiss Mutual FundNon-Compliant under SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price as per SEBI Regulations. Governance Concern: NRC has absolute discretion to determine the Exercise Price; this does not allow the shareholders to estimate the overall cost and the likely benefit that may arise from the grant of Stock Options.
2 for2 against - Ratification of the extension of benefits under Employees Stock Option Plan 2022 (ESOP 2022) to the employees of Subsidiary Companies.
Against Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund
- Baroda BNP Paribas Mutual FundExercise price is not available. against the law.
- Edelweiss Mutual FundConcerns are inter-linked with Resolution #7: Since the proposed ESOP Scheme has not disclosed the Exercise Price as per SEBI Regulations, the same concern shall arise in the extension of Scheme Benefits to the Subsidiary Entities as well.
2 for2 against - Appointment of SBYN and Associates LLP, Company Secretaries, as Secretarial Auditor4 for0 against
- Approval of Consultancy Services from Mr. Atul Gautam (DIN: 10641036), Non-Executive Director.
Against Edelweiss Mutual Fund
- Edelweiss Mutual FundTransparency Concern: No clarity on whether shareholders’ approval is being sought on a prior basis or not.
3 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesJul 2025, checked by CARE RATINGS LIMITED | 445.00 | Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company | 114.00 | 114.00 | No |
| Public IssuesJul 2025, checked by CARE RATINGS LIMITED | 445.00 | Capital expenditure for fit-outs in the new centres and for security deposits of the new centres | 225.84 | 159.65 | No |
| Public IssuesJul 2025, checked by CARE RATINGS LIMITED | 445.00 | General corporate purposes | 56.63 | 56.62 | No |
| Public IssuesJul 2025, checked by CARE RATINGS LIMITED | 445.00 | Offer related expenses to the extent applicable to the fresh issue of equity shares | 48.53 | 44.52 | No |