Smartworks Coworking Spaces Limited files SEBI Reg 31(4) disclosure under Substantial Acquisition of Shares and Takeovers Regulations
Smartworks Coworking Spaces Limited, a listed coworking operator, filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with the National Stock Exchange. The disclosure was submitted on 17 June 2026 and catalogued in NSE archives on 19 June 2026. Regulation 31(4) requires disclosure of intent to acquire shares once an acquirer crosses or commits to cross 5%, 10% or 15% shareholding thresholds. The full terms of the acquisition (acquirer, share percentage, consideration, conditions) are contained in the filed disclosure document and not detailed in the Bar & Bench article excerpt.
Why it mattersRegulation 31(4) disclosures are mandatory triggering events for acquisitions crossing 5%/10%/15% thresholds; the filing does not itself confirm deal closure but establishes SEBI takeover framework governance and open-offer obligations if thresholds are breached.
SectorConsumer & Retail
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Sources
- NSE Corporate Archives · official
- SEBI Official Website - SAST Regulations 2011 · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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