SMARTWORKS

Concall Schedule Concall Date: 30th October 2026 Concall Time: 02:30 PM IST

Order Win: Smartworks Coworking Spaces Limited secured new managed office leasing deals worth approximately ₹305 crore from new clients. - The deals represent incremental contracted rental revenue from engagements of up to 60 months. - This adds to the company's existing contracted rental revenue base of ₹5,400 crore as of June 30, 2026.

- Smartworks Coworking Spaces Limited announced the appointment of Mr. Dilip Deshmukh as a Non-Executive Independent Director for 5 years effective September 22, 2026. - Approved the change in designation of Mr. Rajeev Krishnamuralilal Agarwal from Additional Non-Executive Independent Director to Non-Executive Independent Director for 5 years effective June 25, 2026.

- Trading window for dealing in company securities will close from October 01, 2026. - It will re-open 48 hours after the declaration of Un-Audited Financial Results for the Quarter and Half Year ended September 30, 2026.

- Intimation of Analysts/Institutional Investor Meeting - Date: Tuesday, 8th Sep 2026 - Time: 9 AM (IST) onwards - Conference: Ambit REIT & Alternative Real Estate Conference - No UPSI will be discussed.

- The company filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26 (April 01, 2025 to March 31, 2026). - Key initiatives include estimating baseline GHG emissions for FY25-26 and planning mitigation through renewable energy and enhanced energy efficiency. - Waste management efforts include targeting zero single-use plastic, adopting glass bottles, installing hand dryers, and using recycled jumbo roll tissues. - Water conservation focuses on aerators for taps and utilizing STP-recycled water for gardening, flushing, and washroom utilities. - 0.35% of Capex (vs 0.32% in previous year) was invested in sustainability technologies, including a 9.9 MWp captive solar project and IoT-enabled solutions for energy optimization. - The company reported 0 employee/worker complaints, 27 customer complaints (successfully addressed), and 8 value chain partner complaints (duly investigated and closed) during the year. - No monetary or non-monetary fines, penalties, or punishments were paid by Smartworks or its directors/KMPs in FY 2025-26. - All employees (1038) and workers (3404 contract workers) received 100% training on Health & Safety and Skill Upgradation. - The Lost Time Injury Frequency Rate (LTIFR) for workers reduced to 1.2 (from 1.8 in previous year), with total recordable work-related injuries for workers at 12 (from 15). All employee safety metrics are 0. - Smartworks has an Anti-Bribery & Corruption Policy and provides accessible premises for differently-abled individuals. - The company has established a three-year ESG roadmap (FY 2025-26 to FY 2027-28) to integrate ESG goals into core operations.

- Board approved appointments of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for 5 years. - Approved reduction of Share Capital to set off accumulated losses of ₹385.62 Cr against Securities Premium Account (₹798.22 Cr), effective March 31, 2026, without impacting net worth or operations.

- Board approved appointment of two Non-Executive Independent Directors for 5 years. - Scheme for Reduction of Share Capital approved to set off accumulated losses (₹385.62 Cr) against Securities Premium Account (₹798.22 Cr) for a true financial view.

- Board of Directors approved the appointment of Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for 5 years. - Also approved a scheme to reduce share capital by setting off accumulated losses of INR 3,85,61,76,525 against the Securities Premium Account. - This aims to improve financial representation and requires shareholder and NCLT approval, with no impact on paid-up capital or shareholders.

- Order Win: Smartworks Coworking Spaces Limited secured incremental contracted rental revenue from existing enterprise clients, including Fortune 500 and Forbes 2000 companies. - Order Value: ~₹235 Crore in incremental contracted rental revenue. - Contract Duration: Up to 60 months. - Key Context: This builds on the company's existing ~₹5,400 crore contracted rental revenue as of June 30, 2026.

- Smartworks Coworking Spaces Limited added ~176,285 Sq. Ft to its existing capacity in Pune. - The capacity addition, completed within August 2026, required an investment of up to ₹28.00 Crores. - This expansion supports business growth and broadens the company's operational footprint.

- Allotment of 1,19,000 Equity Shares on August 14, 2026, upon exercise of options under the Employee Stock Option Plan 2022. - The company's issued and paid-up equity share capital now stands at 11,43,81,076 shares.

- Investor/Analyst Meeting Schedule - Meeting Date: Monday, 10th August, 2026 - Meeting Time: 2:00 PM (IST) onwards - Event: Nirmal Bang Semi-Annual Investor Conference - Mode: In Person - Location: Mumbai

- Smartworks Coworking Spaces Limited has expanded its presence in Delhi NCR with a new managed office at 4 Worldmark, Aerocity, spanning approximately 1.41 lakh sq. ft. - The new centre strengthens the company's footprint in one of Delhi NCR's fastest-growing commercial hubs. - Smartworks reported Q1 FY27 revenue of ₹546 crore (up 44% YoY) and contracted rental revenue of ₹5,400 crore, indicating strong multi-year visibility.

- Company added ~1,41,124 Sq. Ft to its existing capacity in Aerocity, Delhi NCR. - The capacity addition is expected to be completed by August/September 2026. - Investment required is upto INR 25.00 Crores. - Rationale is to support business growth and expand operational footprint.

- Q1 FY27 Consolidated Revenue: ₹546Cr (▲44% YoY). - Q1 FY27 Normalized EBITDA: ₹107Cr (▲74% YoY) with margin expanding to 19.6% (vs 16.2% in Q1 FY26). - Q1 FY27 Normalized PAT: ₹39Cr (nearly tripled, ▲200% YoY). - FY27 Revenue growth guidance reaffirmed at 28-30%. - FY27 Normalized EBITDA margin guidance reaffirmed at 19-20%. - FY27 Capex outlay expected to be ₹550-600Cr. - Operational footprint to exceed 13 million sq ft by March 2027, adding 2.5-3 million sq ft in FY27. - Committed contracted revenue stands at ₹5,400Cr, covering 87% of FY27 revenue. - ROCE held at 21.5% in Q1 FY27, with expansion expected through FY28. - Value Added Services (VAS) revenue grew from ₹22Cr to ₹68Cr YoY, contributing to margin accretion. - Credit rating upgraded earlier this year. - Operational footprint is 10.4 million sq ft with mature centers at 92% committed occupancy. - Expanding internationally in Singapore with the acquisition of Workstudio.

- Audio recording of the analyst meet held on July 22, 2026, discussing the Un-Audited Financial Results for the quarter ended June 30, 2026, is now available on the company's website.

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- Consolidated Revenue ₹546.2 Cr vs ₹379.2 Cr (▲44% YoY) - EBITDA ₹106.9 Cr vs ₹61.4 Cr (▲74% YoY) - PAT ₹38.8 Cr vs ₹13.1 Cr (▲197% YoY) - EBITDA Margin 19.6% vs 16.2% (▲340bps)

- Consolidated Revenue ₹546 Cr (▲44% YoY) - Normalised EBITDA ₹107 Cr (▲74% YoY) - Normalised PAT ₹39 Cr vs ₹13 Cr (▲197% YoY) - EBITDA Margin 19.6% vs 16.23% (▲337 bps) - Company reiterates FY27 guidance of 28-30% revenue growth, 19-20% normalised EBITDA margin, and an operational footprint of 12.5-13 million sq. ft. by March 2027.

- Consolidated Revenue ₹5,462.48Mn vs ₹3,792.11Mn (▲44.05% YoY) - EBITDA ₹3,459.56Mn vs ₹2,410.24Mn (▲43.54% YoY) - PAT ₹131.48Mn vs ₹(41.97)Mn (Switched from loss to profit YoY) - EBITDA Margin 63.33% vs 63.56% (▼23bps)