Smartworks Coworking Spaces Ltd
Press Release - "Smartworks to Acquire Singapore-Based Coworking and Flex Space - Workstudio Spaces - Strengthens Smartworks'' position in Singapore''s enterprise workspace market; footpirnt ....
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 25 Jun 2026, 08:55 PM IST · BSE ID: 189fb39f-84dc-470a-96ee-1c422498ea41
View Original BSE Filing (PDF)
💡
In Simple Terms
Smartworks is buying a Singaporean coworking company, which will double its office space there to ~76,000 sq. ft.
🤖 AI Summary
- Smartworks Coworking Spaces Ltd will acquire Singapore-based Workstudio Spaces Pte. Ltd.
- Workstudio Spaces operates ~26,000 sq. ft. of flexible workspace with committed occupancy.
- Smartworks' Singapore footprint will expand to ~76,000 sq. ft. across four centres.
- The acquisition will more than double Smartworks' presence in Singapore over two years.
- Transaction completion is expected in July 2026, subject to requisite approvals.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Workstudio Spaces Operational Footprint
~26,000 sq. ft.
Smartworks Singapore Footprint Post-Acquisition
~76,000 sq. ft.
Smartworks Total Seating Capacity Post-Acquisition (Singapore)
exceeding 1,500
Smartworks Total Footprint (as of March 31, 2026)
~16.1 million sq. ft.
Smartworks Number of Centres (as of March 31, 2026)
66 centres
Smartworks Number of Cities (as of March 31, 2026)
15 cities
🏢 How This Affects the Company
The acquisition expands Smartworks' market position in Singapore's enterprise workspace sector by diversifying its portfolio and broadening its enterprise client base. Its total seating capacity in Singapore is expected to exceed 1,500 upon completion.
The proposed acquisition will be met through funds available with Smartworks Space Pte. Ltd., a wholly owned subsidiary, indicating a disciplined approach to funding the transaction.
Smartworks' Singapore portfolio will expand to four centres, increasing its operational footprint and allowing it to deliver a consistent, enterprise-grade managed workspace experience across the market.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this filing.
👤
Who Is Affected
Shareholders of Smartworks Coworking Spaces Ltd will see the company's international operational footprint expand. The acquisition is being funded through funds available with its wholly owned subsidiary.
🔍
Management Signal
Management is signaling a strategic intent to expand its international presence in key business hubs like Singapore and to diversify its enterprise client base.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — check for updates on acquisition completion and integration.
Any further intimations regarding the requisite approval(s) for the transaction.
Management commentary on the performance of expanded Singapore portfolio.
LOW RISK
The acquisition is of a complementary business and is internally funded, reducing immediate financial risk.
💡 Investor Takeaway
Smartworks Coworking Spaces Ltd is acquiring Workstudio Spaces Pte. Ltd., increasing its Singapore footprint to ~76,000 sq. ft. and total seating capacity beyond 1,500. This expansion more than doubles Smartworks' presence in Singapore over two years. The transaction is expected to complete in July 2026.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition increases Smartworks' Singapore footprint to ~76,000 sq. ft., more than doubling its presence over two years.
- Workstudio Spaces has an operational footprint of ~26,000 sq. ft. with healthy committed occupancy levels, complementing Smartworks' existing profitable centres.
📅 Company Track Record
Smartworks Coworking Spaces Limited listed on NSE and BSE on 17 July 2025. It recently disclosed voluntary acquisitions of shares by promoters SNS Infrarealty in March 2026, totaling 170,742 shares, below mandatory disclosure thresholds.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is Smartworks Coworking Spaces Ltd acquiring?
Smartworks Coworking Spaces Ltd is acquiring Workstudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider.
How will the acquisition impact Smartworks' presence in Singapore?
Upon completion, Smartworks' Singapore portfolio is expected to expand to four centres, with its footprint increasing to ~76,000 sq. ft. and total seating capacity exceeding 1,500.
When is the Smartworks Workstudio Spaces acquisition expected to complete?
The transaction is expected to be completed in July 2026, subject to requisite approval(s).
What was Smartworks' total footprint as of March 31, 2026?
As of March 31, 2026, Smartworks had a total footprint of ~16.1 million sq. ft. across 66 centres in 15 cities in India and Singapore.
Questions based on this BSE filing only. For information purposes.