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Smartworks board appoints Deshmukh and Agarwal as independent directors for five years
24-Aug-2026, 08:52
Smartworks Coworking Spaces Limited announced that its board approved the appointment of Dilip Deshmukh and Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five consecutive years, subject to shareholder approval. The board also approved a scheme to reduce the company’s Securities Premium Account by Rs 3,85,61,76,525 to eliminate accumulated losses, a move that will not affect the issued, subscribed, or paid-up share capital or the percentage shareholding of existing shareholders.
Smartworks Coworking Spaces Limited announced that its board approved the appointment of Dilip Deshmukh and Rajeev Krishnamuralilal Agarwal as Non-Executive Independent Directors for a term of five consecutive years, subject to shareholder approval. The board also approved a scheme to reduce the company’s Securities Premium Account by Rs 3,85,61,76,525 to eliminate accumulated losses, a move that will not affect the issued, subscribed, or paid-up share capital or the percentage shareholding of existing shareholders.