Smartworks Coworking Spaces Ltd
Intimation of Completion of Acquisition - under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 - Acquisition of Step Down Wholly Owned Subsidiary
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 07 Jul 2026, 07:02 AM IST · BSE ID: 79c31907-f89a-4c6f-920e-f14031d12c31
View Original BSE Filing (PDF)
💡
In Simple Terms
Smartworks Coworking bought a Singapore-based flex space company, WorkStudio, for 2.47 Million Singapore Dollars.
🤖 AI Summary
- Smartworks Coworking Spaces Ltd completed the acquisition of WorkStudio Spaces Pte. Ltd. for 2.47 Million SGD.
- WorkStudio, based in Singapore, is now a step-down wholly-owned subsidiary of Smartworks Coworking.
- The acquisition expands Smartworks' Singapore portfolio to four centres and approximately 76,000 sq. ft.
- The transaction was a related party transaction, carried out at arm's length basis, completed on July 06, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Consideration
2.47 Million SGD
WorkStudio Spaces Pte. Ltd. Turnover (Since Incorporation to 31st March, 2026)
INR 5.09 Crores
Percentage of Shareholding Acquired
100%
Smartworks Singapore Portfolio Post-acquisition
~76,000 sq. ft.
🏢 How This Affects the Company
This acquisition strengthens Smartworks' presence in Singapore, expanding its coworking and flex space portfolio to four centres with approximately 76,000 sq. ft. The expansion enhances its market presence and supports long-term growth in Asia.
The acquisition involved a cash consideration of 2.47 Million SGD. This specific filing does not provide details on the target's net assets or direct impact on Smartworks' overall balance sheet metrics beyond the cash outflow for the acquisition.
Smartworks' operational footprint in Singapore increases to four centres, more than doubling its area over the past two years. This provides increased capacity to serve enterprise clients in a key international business hub.
The acquisition involves a related party transaction, as an immediate relative of a Director (also a promoter) holds interest in the target company's holding company. However, the transaction was conducted on an arm's length basis.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this acquisition completion intimation.
👤
Who Is Affected
All shareholders are affected as the company's asset base and international operational scale expand with the addition of WorkStudio Spaces Pte. Ltd. as a step-down wholly-owned subsidiary.
🔍
Management Signal
The acquisition signals management's intent to pursue international expansion and consolidate its position in key flex space markets such as Singapore.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 financial results — check integration progress and any financial impact.
Subsequent filings — look for updates on Singapore portfolio performance and client additions.
Future expansion plans — monitor announcements regarding further international or domestic growth.
LOW RISK
The acquisition is completed, and the related party transaction was stated to be at arm's length.
💡 Investor Takeaway
Smartworks Coworking Spaces Ltd completed its acquisition of WorkStudio Spaces Pte. Ltd. for 2.47 Million SGD on July 06, 2026. This increases the company's Singapore portfolio to four centres, totaling approximately 76,000 sq. ft. WorkStudio reported INR 5.09 Crores turnover from incorporation to March 31, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition expands Smartworks' Singapore footprint to four centres and approximately 76,000 sq. ft., strengthening international presence.
- The target entity, WorkStudio, generated INR 5.09 Crores turnover from incorporation to March 31, 2026, indicating active operations.
⚠️ Concerns
- WorkStudio was incorporated recently on November 20, 2024, providing limited historical financial data beyond partial FY26 turnover.
- The acquisition is a related party transaction, with an immediate relative of a Director having interest in the target's holding company.
📅 Company Track Record
Smartworks Coworking Spaces Ltd was recently listed with its IPO in March 2026. Prior filings included press releases on the proposed WorkStudio acquisition in June 2026 and voluntary disclosures of promoter share purchases in March 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the consideration paid by Smartworks Coworking for WorkStudio Spaces Pte. Ltd.?
Smartworks Coworking Spaces Ltd completed the acquisition of WorkStudio Spaces Pte. Ltd. for a total cash consideration of 2.47 Million SGD.
When was the acquisition of WorkStudio Spaces Pte. Ltd. completed?
The acquisition of WorkStudio Spaces Pte. Ltd. by Smartworks Coworking Spaces Ltd was completed on July 06, 2026.
What is the business of WorkStudio Spaces Pte. Ltd.?
WorkStudio Spaces Pte. Ltd. is a Singapore-incorporated company engaged in providing flexible workspace solutions, managed office spaces, and related services.
What was the turnover of WorkStudio Spaces Pte. Ltd. for the last financial period?
The turnover of WorkStudio Spaces Pte. Ltd. from its incorporation to March 31, 2026, was INR 5.09 Crores.
How does this acquisition impact Smartworks Coworking's presence in Singapore?
The acquisition strengthens Smartworks' presence in Singapore, expanding its portfolio to four centres with approximately 76,000 sq. ft.
Questions based on this BSE filing only. For information purposes.