Smartworks Coworking Spaces Limited voluntarily disclosed that promoter SNS Infrarealty LLP acquired 25,000 equity shares (0.02% stake) through open market purchases on March 12-13, 2026. Though below the 2% threshold requiring mandatory disclosure under SEBI regulations, the company shared this information as part of enhanced transparency and good corporate governance practices.
Smartworks Coworking Spaces Promoter Acquires 25,000 Equity Shares in Open Market
Smartworks coworking spaces Limited has voluntarily disclosed the acquisition of equity shares by its promoter entity through open market transactions. The company informed stock exchanges about this development as part of enhanced transparency measures, despite the acquisition being below mandatory disclosure thresholds.
Acquisition Details
SNS Infrarealty LLP, the promoter of Smartworks Coworking Spaces Limited, acquired equity shares from the open market in a transaction that represents a minimal stake in the company.
Parameter: Details Promoter Name: SNS Infrarealty LLP Acquisition Mode: Open Market Purchase Shares Acquired: 25,000 Percentage Acquired: 0.02% Transaction Dates: March 12th & 13th, 2026
Regulatory Context
The acquisition represents less than 2% of the total shareholding or voting rights of the company, which means it does not trigger any mandatory disclosure requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Despite this, the company chose to make a voluntary disclosure to maintain transparency with investors and stakeholders.
Corporate Governance Initiative
The voluntary disclosure demonstrates the company's commitment to enhanced corporate governance practices. By proactively sharing information about promoter transactions, even when not legally required, Smartworks Coworking Spaces aims to maintain transparency and keep stakeholders informed about material developments.
The company's decision to voluntarily disclose this information reflects its dedication to good corporate governance practices and maintaining open communication with the investment community. This approach helps build trust and confidence among investors by providing comprehensive information about promoter activities in the company's shares.
Smartworks coworking spaces Limited has announced its participation in the upcoming Investec India Promoter & Founder Conference 2026, as communicated to stock exchanges under Regulation 30 of SEBI Listing Regulations on March 5, 2026.
Conference Participation Details
The company's representatives will participate in the investor conference scheduled for March 10, 2026 in Mumbai. The participation will involve both group meetings and one-on-one interactions with investors and analysts.
Parameter: Details Conference Name: Investec India Promoter & Founder Conference 2026 Date: Tuesday, March 10, 2026 Location: Mumbai Mode of Attendance: In Person Meeting Format: Group / one-on-one meetings
Regulatory Compliance
The company has specifically stated that no Unpublished Price Sensitive Information (UPSI) will be discussed during the conference interactions, ensuring compliance with regulatory guidelines. This disclosure was made pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI Listing Regulations.
Additional Information
Smarworks has noted that changes to the conference schedule may occur due to exigencies on the part of investors, analysts, or the company itself. The conference details are also available on the company's investor relations website for stakeholder reference.
The formal intimation was signed by Punam Dargar, Company Secretary and Compliance Officer, and submitted to both NSE and BSE as part of the company's ongoing disclosure obligations to keep investors informed about significant corporate developments.
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