Smartworks Coworking Spaces Limited has announced that its promoters have acquired equity shares of the company from the open market. This acquisition, which took place between 20th March 2026 and 30th March 2026, is part of the company’s commitment to transparency and good corporate governance.
The acquisition involved three promoters: Neetish Sarda, Harsh Binani, and SNS Infrarealty LLP. Neetish Sarda acquired 39,742 shares, representing 0.03% of the total shareholding. Harsh Binani acquired 5,000 shares, which accounts for 0.00% of the shareholding, while SNS Infrarealty LLP acquired 26,000 shares, representing 0.02% of the total shareholding.
Although the total acquisition represents less than 2% of the company’s total shareholding or voting rights, and does not trigger any mandatory disclosure requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the company has chosen to voluntarily disclose this information to maintain transparency with its investors and stakeholders.
The details of this acquisition have been made available on the company’s website at https://www.smartworksoffice.com/investors/.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aditya Bhagchandani before publication.