Smartworks Coworking Spaces Ltd Appoints Deshmukh and Agarwal as Directors
The Board of Directors of Smartworks Coworking Spaces Ltd has approved the appointments of two new directors, Mr. Dilip Deshmukh and Mr. Rajeev Krishnamuralilal Agarwal, effective following the company's meeting on June 25, 2026.Based on recommendations from the Nomination and Remuneration Committee, the board determined that these individuals would serve in key oversight capacities within the organization. The appointments are noted as part of the strengthening governance structure at the company.
Mr. Dilip Deshmukh was recommended to the members for appointment as a Non-Executive and Independent Director. Mr. Rajeev Krishnamuralilal Agarwal was appointed as an Additional Non-Executive and Independent Director.
The companies confirmed that neither director has been debarred from holding the office of Director by any SEBI order or other relevant authority. Furthermore, both appointments adhere to disclosure requirements concerning relationships between directors, confirming that neither is related to any existing director of Smartworks Coworking Spaces Ltd.
A summary of the appointed directors and their professional profiles is provided below:
| Particulars | Mr. Dilip Deshmukh | Mr. Rajeev Krishnamuralilal Agarwal |
|---|---|---|
| Role | Non-Executive and Independent Director | Additional Non-Executive and Independent Director |
| Appointment Date/Term | Term of Appointment: For a term of 3 consecutive years commencing from the date of approval by shareholders. | Date of Appointment: June 25, 2026. Term: For a term of 3 consecutive years with immediate effect, not liable to retire by rotation, who shall hold office upto the date of the ensuing General Meeting or upto 3 months from the effective date of appointment, whichever is earlier. |
| Brief Profile | Mr. Deshmukh is a judicial veteran and corporate law expert with over four decades of experience in the legal and judicial system. He previously served as Chairman of the Company Law Board (CLB) and was elevated to the Chhattisgarh High Court as a Judge. Since 2015, he has established himself as an arbitrator handling domestic and international arbitration. | Mr. Agarwal is a distinguished former Indian Revenue Service (IRS) officer of the 1983 batch. His experience spans over three decades in taxation, financial regulation, and capital markets, including service on boards like SEBI. He currently serves as an Independent Director for several entities. |
The company confirmed that both individuals are non-related to any existing director of Smartworks Coworking Spaces Ltd.
SMARTWORKS Stock Price Movement
On Thursday, shares of Smartworks Coworking Spaces Limited edged higher, closing at ₹489.55 after gaining 2.48%. The stock traded within an intraday range of ₹475.1 to ₹495 on a volume of 181,360 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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