Smartworks Strengthens Board Governance with Appointment of Mr. Rajeev Krishnamuralilal Agarwal; Recommends Justice Deshmukh

Smartworks Strengthens Board Governance with Appointment of Mr. Rajeev Krishnamuralilal Agarwal; Recommends Justice Deshmukh​

Smartworks Coworking Spaces Limited, India's largest managed office platform by total area under management, has announced significant developments aimed at reinforcing its corporate governance structure. The company appointed Mr. Rajeev Krishnamuralilal Agarwal as an Additional Non-Executive and Independent Director, while recommending the appointment of Justice (Retd.) Dilip Deshmukh as a Non-Executive and Independent Director, pending shareholder approval.

These additions are designed to bring deep expertise across capital markets, financial regulation, judicial review, and corporate adjudication to the company's Board.

Commenting on the strengthening of its governance standards, Neetish Sarda, Founder and Managing Director of Smartworks, stated that strong governance remains central to the company’s ethos as it continues to grow. "We are pleased to welcome Mr. Rajeev Krishnamuralilal Agarwal to our Board, and we are equally pleased with the Board's recommendation to appoint Justice (Retd.) Dilip Deshmukh, subject to shareholders' approval," Sarda said. He added that the combined experience in capital markets, regulation, and judicial governance will meaningfully strengthen the oversight framework for the long term.

Expertise Highlights of New Appointments​

Mr. Rajeev Krishnamuralilal Agarwal
A distinguished figure in financial regulatory matters, Mr. Agarwal is a former Whole-Time Member of the Securities and Exchange Board of India (SEBI) and an Indian Revenue Service (IRS) officer from the 1983 batch. His tenure at SEBI involved overseeing critical policy areas such as securities markets, mutual funds, foreign portfolio investments, surveillance, and enforcement. He was instrumental in key regulatory reforms, including introducing the Offer for Sale (OFS) mechanism to enhance market governance and investor protection. Currently, he serves on several boards of listed and financial services companies.

Justice (Retd.) Dilip Deshmukh
Justice Deshmukh is a legal veteran with over four decades of experience in the judiciary and corporate adjudication. He formerly served as Chairman of the Company Law Board and as a Judge of the Chhattisgarh High Court. Following his judicial tenure, he has established a practice focused on domestic and international arbitration. His extensive expertise in corporate law, governance, and judicial administration is expected to enhance the company's governance capabilities.

About Smartworks Coworking Spaces Limited​

As of March 31, 2026, Smartworks holds the title of India's largest managed office platform by total area under management. The company operates across 66 centers in 15 cities across India and Singapore, covering approximately 16.1 million square feet.

Smartworks partners with developers to transform large, bare-shell assets into fully managed, enterprise grade campuses. The firm primarily serves mid-to-large enterprises, boasting over 770 clients that include Fortune 500 names, Forbes 2000 companies, GCCs, MNCs, and high growth Indian businesses.

The company also offers SmartVantage, a solution focused on the GCC market, which combines scalable campuses with a curated ecosystem providing legal, compliance, talent, and operational support to enable rapid expansion in India. Smartworks was listed on both the NSE and BSE on July 17, 2025.

SMARTWORKS Stock Price Movement​

On Thursday, shares of Smartworks Coworking Spaces Limited edged higher, gaining 2.48% to settle at ₹489.55 after trading up by ₹11.90 during the session. The equity traded a volume of 181,360 shares and managed to hold within the day's range of ₹475.10 to ₹495.