Interim report
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WEWORK INDIA MANAGEMENT LIMITED (Formerly known as WeWork India Management Private Limited) Regd. Office: 6th Floor, Prestige Central, 36 Infantry Road Shivaji Nagar, Bengaluru, Karnataka, 560001 Email: cswwi@wework.co.in; Website: https://wework.co.in/ Telephone no.: 080-37880881 CIN: L74999KA2016PLC093227 October 26, 2026 Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: WEWORK Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 544570 Dear Sir/Madam, Subject: Outcome of the Board Meeting held on October 26, 2026 Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company (“Board”), at its meeting held today, i.e., October 26, 2026, has, inter alia, considered and approved the following: 1. Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026: The Board has approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. The aforesaid results along with the Limited Review Reports issued thereon by the Statutory Auditors , are enclosed as Annexure A. 2. Final Approval for 10 MWp Captive Solar Power Plant With reference to our earlier intimation dated September 3, 2026, regarding the in-principle approval granted by the Board for setting up a 10 MWp captive solar power plant in Karnataka, the Board has accorded its final approval for the proposed project at an estimated project cost of ₹34.25 crore. The meeting of the Board of Directors commenced at 7:15 p.m. (IST) and concluded at 8:50 p.m. (IST). You are requested to take the above information on record. Yours faithfully, For WeWork India Management Limited Udayan Shukla Company Secretary & Compliance Officer Membership No.: F11744 Encl.: As above
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S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 12th Floor "UB City" Canberra Block No. 24, Vittal Mallya Road Bengaluru - 560 001, India Tel : +91 80 6648 9000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors WeWork India Management Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of We Work India Management Limited (the "Company") for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith , being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended (the "Listing Regulations"). 2. The Company 's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ("Ind AS 34") Interim Financial Reporting prescribed under Section 13 3 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company 's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 , "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (' Ind AS') specified under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement. For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 per Nikunj Jay Partner Membership No.: 222345 UDIN: 2-G 2..2-2. ~ l.\5. NZ~ Place: Bengaluru Date: October 26, 2026 S.R. Batllboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
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wework WeWork India Management Limited (formerly known as WeWork India Management Private Limited) CIN: L74999K.A2016PLC093227 Regd Office: 6th Floor, Prestige Central I N D I A 36, Infantry Road, Shivaji Nagar Bengaluru 560 001, Karnataka, India Statement of unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026 <Rs. in Million) Quarter ended Six Months ended Year ended Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 SI No. (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Income Revenue from operations 7,653.04 6,802.02 5,730.30 14,455.06 11,069.84 24,317.63 Other income 110.95 73.58 5.23 184.53 11.14 135.37 Finance income 74.14 94.67 102.67 168.81 200.15 361.67 Total income 7,838.13 6,970.27 5,838.20 14,808.40 11,281.13 24,814.67 2 Expenses Sub-contracting cost 27.57 - - 27.57 36.02 219.28 Employee benefits expense 543.16 566.36 473.25 1,109.52 936.65 1,937.67 Finance costs 1,748.94 1,761.31 1,531.78 3,510.25 2,895.92 6,011.80 Depreciation and amortisation expense 3,140.38 2,825.43 2,309.24 5,965.81 4,541.89 9,664.78 Operating expenses 1,949.32 1,636.84 1,275.71 3,586.16 2,587.55 5,541.89 Other expenses 234.40 226.15 174.35 460.55 355.31 895.87 Total expenses 7,643.77 7,016.09 5,764.33 14,659.86 11,353.34 24,271.29 3 Profit/ (Loss) before exceptional item and tax for the period/ year (1-2) 194.36 (45.82) 73.87 148.54 (72.21) 543.38 4 Exceptional item (Refer Note 5) - - - (42.941 5 Profit/ (Loss) before tax for the period/ year (3+4) 194.36 (45.82) 73.87 148.54 (72.21) 500.44 6 Tax expense Current tax charge - - - - Deferred tax (credit)/ charge - - - (221.71) Total tax expense - - - - - (221.71) 7 Profit/ (Loss) for the period/ year (5-6) 194.36 (45.82) 73.87 148.54 (72.21) 722.15 Other comprehensive income/ (loss) (OCI) Items that will not be reclassified to profit or loss in subsequent periods/years: Re-measurement (loss)/ gain on defined benefit plans 2.96 (6.69) 0.89 (3.73) (3.42) (5.81) Income tax effect on above credit / (charge) - (1.08) - - 8 OCI for the period / year (net of tax) 2.96 (6.69) (0.19) (3.73) (3.42) (5.81) 9 Total comprehensive income/ (Loss) for the period/ year (7+8) 197.32 (52.51) 73.68 144.81 (75.63) 716.34 10 Paid-up equity share capital (Face Value ofRs.10/- per share) 1,388.70 1,385.90 1,340.23 1,388.70 1,340.23 1,353.78 11 Earnings/(Loss) per equity share [Nominal value of share Rs. 10/- per share)) (Not Annualised for the period) Basic (Rs. per share) 1.40 (0.33) 0.55 1.07 (0.54) 5.39 Diluted (Rs . oer share) 1.39 (0.33) 0.55 1.06 (0.54) 5.23
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wework We Work India Management Limited (formerly known as WeWork India Management Private Limited) CIN: L 74999KA2016PLC093227 6th Floor, Prestige Central I N D I A 36, Infantry Road, Shivaji Nagar Bengaluru 560 001, Karnataka, India Statement of unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026 Notes to financial results 1) Standalone Statement of Assets and Liabilities Notes Particulars A ASSETS I Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Right-of-use assets ( d) Intangible assets (e) Intangible assets under development (f) Financial assets (i) Investments (ii) Other financial assets (g) Deferred tax assets (net) (h) Income tax assets (net) (i) Other non-current assets Total non-current assets II Current assets (a) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Other financial assets (b) Other current assets Total current assets Total assets B EQUITY AND LIABILITIES I Equity (a) Equity share capital (b) Other equity Total equity II Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions (c) Other non-current liabilities Total non - current liabilities ill Current liabilities ( a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables -Total outstanding dues of micro enterprises and small enterprises -Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities (b) Other current liabilities ( c) Provisions Total current liabilities Total e uity and liabilities - As at Se tember 30, 2026 Unaudited 14,290.13 451.03 45,030.93 38.44 11.29 318.88 2,896.65 3,077.49 1,047.64 183.69 67,346.17 3,786.83 672.84 40.60 1,208.98 646.95 6,356.20 73 702.37 1,388.70 2,076.58 3,465.28 2,739.86 45,203.72 2,626.08 125.41 750.89 51,445.96 1,154.23 7,127.52 41.37 711.86 8,089.32 1,267.46 399.37 18,791.13 73,702.37 . in Million As at March 31, 2026 Audited 11,771.18 381.24 45,939.04 33.83 318.88 2,685 .22 3,077.49 657.66 260.80 65,125.34 2,511.10 817.09 616.40 1,120.99 755.99 5,821.57 70 946.91 1,353.78 1,698.55 3,052.33 2,352 .70 45,672.21 1,623.12 126.37 270.69 50,045.09 969.20 6,503.10 51.06 693.56 8,212.44 1,040.04 380.09 17,849.49
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wework We Work India Management Limited (formerly known as We Work India Management Private Limited) CIN: L74999KA2016PLC093227 IND I A 6th Floor, Prestige Central 36, Infantry Road, Shivaji Nagar Bengaluru 560 001,Karnataka, India Statement of unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026 2) Standalone Statement of cash flows (Rs. in Million) Particulars Six months ended September 30, 2026 September 30, 2025 Unaudited Unaudited Cash flows from operating activities Profit/(loss) before tax and after exceptional item 148.54 (72.21) Adjustments for: Depreciation and amortisation expense 5,965.81 4,541.89 Share based payment expense 96.40 92.04 Provision for doubtful debts (net of reversals) 11.20 35.26 Liability written back (3.24) - Profit on sale of investments in mutual funds (net) (46.96) - Gain on financial instruments at fair value through profit and loss (52.51) (10.04) (Profit)/ Loss on sale of property plant and equipment (net) (28.32) 1.24 Finance income (168.81) (200 .15) Gain on termination of security deposits (0.99) - Gain on termination/ modification oflease (net) (52.37) - Finance costs 3,510.25 2,895.92 Operating profit before working capital changes 9,379.00 7,283.95 Working capital adjustments: Decrease/ (Increase) in trade receivables 133.05 (450.50) Decrease / (Increase) in other assets 109.Q4 161.28 Decrease / (Increase) in other financial assets (467.89) (596.56) Increase / (Decrease) in trade payables 11.31 (57.64) Increase / (Decrease) in provisions 7.90 27.10 Increase / (Decrease) in other liabilities 707.62 (122.16) Increase / (Decrease) in other financial liabilities 757.74 929.44 Cash generated from operations 10,637.77 7,174.91 Income taxes refunded/ (paid) (net) (389.97) (205.81) Net cash generated from operating activities (A) 10.247.80 6.969.10 Cash flows from investing activities Acquisition of property , plant and equipment and intangible assets (3,639.79) (2,073.12) Proceeds from sale of property, plant and equipment 31.90 1.91 Payment towards additions to right-of-use asset (783.68) (679.53) (Investment) / Redemption made in bank deposits 29.07 (156.71) Proceeds from sale of current investment/ (Purchase of current investments) (net) (1,173.71) - Interest received 45.10 0.25 Net cash used in investing activities (B) (5,491.11) (2,907.20) Cash flows from financing activities Proceeds from borrowings 1,893.16 1,465.24 Repayment of borrowings (1,332.36) (492.79) Proceeds from exercise of employee stock options 171.75 - Interest, bank charges and processing charges paid (180.32) (200.97) Interest paid on vehicle loan (4.61) (3.92) Payment of principal portion of lease liabilities (2,758.58) (2,460.85) Interest paid on lease liabilities (3,121.53) (2,497.10) Net cash used in financing activities (C) (5,332.49) (4,190.39) Net increase/ (decrease) in cash and cash equivalents (A+B+C) (575.80) (128.49) Cash and cash equivalents at the beginning of the period 616.40 207.01 Cash and cash equivalents at the end of the period 40.60 78.52 Break u of cash and cash e uivalents at the end of the eriod Se tember 30, 2026 Se tember 30, 2025 Cash and cash equivalents at the end of the period including bank balance - in current accounts 75.52 - in escrow accounts 40.60 Cash and cash e uivalents at the end of the eriod 40.60 ' <j;)u..u----..-r.La___.---
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WeWorklndia Management Limited wework (formerly known as WeWork India Management Private Limited) CIN: L 74999KA2016PLC093227 Regd Office: 6th Floor, Prestige Central I N D I A 36, Infantry Road, Shivaji Nagar Bengaluru 560 001,Karnataka, India Statement of unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026 Notes to the standalone financial results: 3 The above unaudited standalone financial results of We Work India Management Limited (the "Company") for the quarter and six months ended September 30, 2026, is drawn in accordance with the Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, which have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 26, 2026 and were subjected to limited review by the Statutory Auditor of the Company. 4 These unaudited standalone financial results has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 5 On November 21, 2025, the Government of India has notified four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 ("Labour Codes"), which consolidate twentynine existing labour laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the financial implications of these changes which has resulted in estimated one time increase in provision for employee benefits of the Company amounting to Rs. 42.94 million and the same has been recognized as an exceptional item in the Statement of audited standalone fmancial results for the year ended March 31, 2026. The Government of India is in the process of notifying related rules to the Labour Codes and impact of these will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 6 During the year ended March 31, 2026: The Company has completed its Initial Public Offering (IPO) comprising offer for sale of 46,296,296 equity shares of face value of Rs. 10 each aggregating to Rs. 29,996.43 million (which comprises of 59,523 number of equity shares offered to employees at premium of Rs. 578 per equity share and balance 46,236,773 number of equity shares offered at premium of Rs. 638 per equity share). The total proceeds on account of offer for sale is Rs. 29,996.43 million. The Company's equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on October 10, 2025. 7 During the quarter and six months ended September 30, 2026, the Company has granted 439,510 and 468,896 Employee Stock Options respectively, to eligible employees under the Equity Incentive Plan 2018 ("EIP 2018"), as approved by Nomination and Remuneration Committee. 8 During the quarter and six months ended September 30, 2026, the paid-up equity share capital of the Company had increased from Rs.1,385.90 million to Rs.1,388.70 million and Rs.1,353.78 million to Rs.1,388.70 million pursuant to allotment of 279,961 and 3,492,205 equity shares respectively on exercise of stock options by employees. 9 The Company is primarily engaged in the business of managed workspace provider and provision for allied services which falls within a single reportable segment as the Board of Directors being the Chief Operating Decision Maker ('CODM') of the Company views the entire business activities as managed workspace provider. Accordingly, there are no additional disclosures to be furnished in accordance with the requirements of Ind AS 108- Operating Segments with respect to single reportable segment. Further, the operations of the Company are domiciled in India and therefore there are no reportable geographical segment. The Company does not have any single external customer contributing to 10% or more of the Company's revenue. 10 During the year, the Company has filed a scheme under section 66 read with section 52 of Companies Act, 2013, with National Company Law Tribunal (NCLT) for reduction of share capital of the Company. Pursuant to the scheme, the Company shall adjust the accumulated losses of the Company represented by the debit balance of Profit & Loss Account of Rs. 20,501.60 million as at March 31, 2026 presented under Retained Earnings by reducing Rs. 20,501.60 million from Securities Premium account. For and on behalf of Board of Directors We Work India Management Limited (formerly known as We Work India Management Private Limited) (j) la ' Karan Virwani Managing Director and Chief Executive Officer DIN: 03071954 Place: Bengaluru Date: October 26, 2026
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S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 12th Floor "UB City" Canberra Block No. 24, Vittal Mallya Road Bengaluru - 560001, India Tel : +91 80 6648 9000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors WeWork India Management Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of We Work India Management Limited (the "Holding Company"), its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associate for the quarter ended September 30, 2026 and year to date from April O 1, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ("Ind AS 34") "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors .Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review ofinterim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly , we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: SI.No A) 1 B) 1 2 C) 1 Name of Entities Holding Company WeWork India Management Limited Subsidiaries WW Tech Solutions India Private Limited Zoapi Innovations Private Limited Associate MyHQ Anarock Private Limited S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
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S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Other Matters The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of: • 2 subsidiaries, whose unaudited interim financial results include total assets of Rs. 293. 78 million as at September 30, 2026, total revenues of Rs. 31.51 million and Rs. 73 .38 million, total net profit after tax of Rs. 3.35 million and Rs. 9.02 million, total comprehensive income of Rs. 3.40 million and Rs. 8.89 million, for the quarter ended September 30, 2026 and for the period ended on that date respectively, and net cash inflows of Rs. 18.58 million for the period from April 1, 2026 to September 30, 2026, as considered in the Statement which have been reviewed by their respective independent auditors. • 1 associate, whose unaudited interim financial results include Group's share of net profit of Rs. 8.69 million and Rs. 9.63 million and Group's share of total comprehensive income of Rs. 8.65 million and Rs. 9.55 million for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026 respectively , as considered in the Statement whose interim financial results and other financial information have been reviewed by its respective independent auditor. The independent auditor's review reports on interim financial information / financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries and associate is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement in respect of matters stated above is not modified with respect to our reliance on the work done and the reports of the other auditors. For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Finn registration number: 101049W/E300004 ra Shah Membership No.: 222345 UDIN: 26 222 ~l-i5 0 0 )< 0. ~D g { 9 9 Place: Bengaluru Date: October 26, 2026
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wework We Work India Management Limited (formerly known as WeWork India Management Private Limited) CIN: L74999KA2016PLC093227 Regd Office: 6th Floor, Prestige Central 36, Infantry Road, Shivaji Nager Bengaluru 560 001, Karnataka, India I N D I A Statement of unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 (Ju. in Million) Quarter ended Six Months ended Year ended SI No. Particulars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income Revenue from operations 7,678.38 6,838.32 5,747.02 14,516.70 11,100 .12 24,401.80 Other income 110.98 73.63 5.24 184.61 11.15 137.61 Finance income 75.03 95.45 103.16 170.48 201.28 364.87 Total income 7 864.39 7 007.40 5 855.42 14.871.79 11.312.55 24.904.28 2 Expenses Sub-contracting cost 27.57 27.57 36.02 219.28 Cost of materials consumed 8.44 14.36 4.05 22.80 7.82 26.33 Employee benefits expense 557.90 582.61 483.53 1,140.51 956.80 1,984.67 Finance costs 1,749.13 1,761.44 1,531.92 3,510.57 2,896.20 6,012.58 Depreciation and amortisation expense 3,142.49 2,827.79 2,312.12 5,970.28 4,547 .04 9,674.62 Operating expenses 1,945.33 1,632.41 1,281.53 3,577 .74 2,581.51 5,530.03 Other expenses 237.71 229.16 177.14 466.87 359.56 905.92 Total expenses 7.668.57 7 047.77 5.790.29 14,716.34 11,384.95 24,353.43 3 Profit/(Loss) before share of profit/(loss) in associate, exceptional item and tu for the period 195.82 (40.37) 65.13 155.45 (72.40) 550.85 /year (1-2) 4 Share of profit/ (loss) in associate 8.69 0.94 (2.74) 9.63 (6.19 21.38 5 Profit/(Loss) before exceptional item and tu for the period/ year (3+4) 204.51 (39.43) 62.39 165.08 (18.59' 572.23 6 Exceptional item (Refer Note 5) (43.26) 7 Profit/(Loss) before tu for the period/ year (5-Hi) 204.51 (39.43) 62.39 165.08 (78.59) 528.97 8 Tu expense Current tax charge 1.14 1.95 0.56 3.09 0.56 3.71 Deferred tax ( credit) / charge (0.98) (0.77) (2.23) (1.75) (1 .74) (223.92) Total tu expense/ (credit) 0.16 1.18 (1,67) 1.34 (1.18) (220.21) 9 Profit/ (Loss) for the period/ year (7-8) 204.35 (40.61) 64.06 163.74 (77.41) 749.18 10 Other comprehensive income/ (loss) (OCI) Items that will not be reclassified to profit or loss in subsequent periods / years: Re-measurement (loss) I gain on defined benefit plans 3.02 (6.93) 0.98 (3.91) (3.44) (5.83) Income tax effect on above credit / (charge) (0.11) 0.06 (1.11) (0.05) 1.47 Share of other comprehensive income/ loss of an associate (0.04) (0.04' (0.15) (0.08) (0.30) (0.71) OCI for the period / year (net of tu) 2.87 (6.911 (0.28) (4.04) (3.74) (5.07) 11 Total comprehensive Income/ (Loss) for the period/ year (9+10) 207.22 (47.52) 63.78 159.70 (81.15) 744.11 12 Profit/ (Loss) for the period/ year attributable to: Owners of the Parent 202.83 (43.06) 62.91 159.77 (78.13) 744.33 Non-controlling interests 1.52 2.45 1.15 3.97 0.72 4.85 13 Other comprehemive income/ (loss) for the period/ year attributable to: Owners of the Parent 2.84 (6.83) (0.32) (3.99) (3.73) (5.06) Non-controlling interests 0.03 (0.08) 0.04 (0.05) (0.01) (0.01) 14 Total comprehensive Income/ (loss) for the period/ year attributable to: Owners of the Parent 205.67 (49.89) 62.59 155.78 (81.86) 739.27 Non-controlling interests 1.55 2.37 1.19 3.92 0.71 4.84 15 Paid up Equity Share Capital (Face Value Rll.10/- per share) 1,388.70 1,385.90 1,340.23 1,388.70 1,340.23 1,353.78 16 Earnings per equity share [Nominal value of share Rs. 10/- per share] (Not Annualised for the period) Basic (Rs. per share) 1.46 (0.31) 0.47 1.15 (0.58) 5.55 Diluted (Rs. per share) 1.45 (0.31) 0.47 1.14 (0.58) 5.40 _,,,..;, -~F\ & Asso~o✓ - /, ' . ix- ~;,.--. - /f ' -·· (7}./ \,~~ :$ ~ ~. 'r,•, -- --•--1 ( ~ -Bengaluru ;._ ("") {er.: J ,-1 .;,\1 i., ii:._,,- ,) ~- ~~'-_A-. \ -.t,. / -7,,. -,,,, -- r· ½ -~ ~ *
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wework WeWorklndia Management Limited (formerly known as We Work India Management Private Limited) CIN: L 7 4999KA2016PLC093227 IND I A 6th Floor, Prestige Central 36, Infantry Road, Shivaji Nagar Bengaluru 560 001,Karnataka, India Statement of unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 Notes to financial results: 1) Consolidated Statement of Assets and Liabilities SL No Particulars A ASSETS I Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Right-of-use assets (d) Goodwill ( e) Other intangible assets (f) Intangible assets under development (g) Investments accounted for using equity method (h) Financial assets ( i) Investments (ii) Other financial assets (i) Deferred tax assets (net) (j) Income tax assets (net) (k) Other non-current assets Total non-current assets II Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents (v) Other financial assets ( c) Other current assets Total current assets Total assets B EQUITY AND LIABILITIES I Equity (a) Equity share capital (b) Other equity Equity attributable to owners of the parent Non-controlling interest Total equity II Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions ( c) Other non-current liabilities Total non-current liabilities III Current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other current financial liabilities (b) Other current liabilities ( c) Provisions (d) Current tax liabilities (net) Total current liabilities Total equity and liabilities I' Asat Seotember 30. 2026 Unaudited 14,283.94 451.02 45,030.93 22.21 38.21 11.29 136.75 44.86 2,896.64 3,077.06 1,053.39 183.69 67,229.99 11.16 3,786.83 698.46 59.54 57.72 1,208.98 645.50 6,468.19 73,698.18 1,388.70 2,015.60 3,404.30 16.37 3,420.67 2,745.82 45,203 .72 2,626.08 127.50 750.89 51,454.01 1,156.23 7,127 .52 41.47 712.61 8,093.11 1,284.71 401.05 6.80 18,823.50 73 698.18 (Rs. in Million) As at March 31. 2026 Audited 11,765.12 381.24 45,939.04 22.21 40.01 127.20 44.83 2,685.26 3,075.36 659.91 260.80 65,000.98 8.30 2,511.10 846.17 626.46 47.13 1,120.99 760.47 5,920.62 70,921.60 1,353.78 1,625.91 2,979.69 12.45 2,992.14 2,356.99 45,672.21 1,623.12 127.78 270.69 50,050.79 970.68 6,503.10 52.15 694.53 8,212.03 1,061.07 381.40 3.71 17,878.61- -
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wework We Work India Management Limited (formerly known as WeWork India Management Private Limited) CIN: L74999KA2016PLC093227 IND I A 6th Floor, Prestige Central 36, Infantry Road, Shivaji Nagar Bengaluru 560 001,Karnataka, India Statement of unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 2) Consolidated Statement of cash flows (Rs. in Million) Particulars Six months ended Cash flows from operating activities Profit/(Loss) before tax and share of Profit/(Loss) in associate and after exceptional item Adjustments for: Depreciation and amortisation expense Share based payment expense Provision for doubtful debts (net of reversals) Liability written back Profit on sale of investments in mutual funds (net) Gain on financial instruments at fair value through profit and loss (Profit)/ Loss on sale of property, plant and equipment (net) Finance income Gain on termination of Security deposits Gain on termination oflease (net) Finance costs Operating profit before working capital changes Working capital adjustments: Decrease / (Increase) in inventories Decrease/ (Increase) in trade receivables Decrease / (Increase) in other assets Decrease / (Increase) in other financial assets (Decrease)/ Increase in trade payables (Decrease) / Increase in provisions (Decrease)/ Increase in other liabilities (Decrease)/ Increase in other financial liabilities Cash generated from operations Income taxes refunded/ (paid) (net) Net cash generated from operating activities (A) Cash flows from investing activities Acquisition of property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment Payment towards additions to right-of-use assets (Investment)/ Redemption made in bank deposits Proceeds from sale of current investment/ (Purchase of current investments) (net) Purchase of non-current investments Interest received Net cash used in investing activities (B) Cash flows from financing activities Proceeds from long-term borrowings Repayment oflong-term borrowings Proceeds from exercise of employee stock options Interest, bank charges and processing charges paid on borrowings Interest paid on vehicle loan Payment of principal portion oflease liabilities Interest paid on lease liabilities Net cash used in financing activities (C) Net decrease in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Break up of cash and cash equivalents at the end of the period Cash and cash equivalents at the end of the period including bank balance - in current accounts - in escrow accounts Cash and cash e uivalents at the end of the eriod September 30, 2026 Unaudited 155.45 5,970.28 97.04 11.20 (3.24) (46.96) (52.54) (28.32) (170.48) (0.99) (52.37) 3,5I0 .57 9,389.64 (2.86) 136.52 114.97 (467.85) IO.IO 8.72 703.84 761.95 10,655.03 (393.43) 10.261.60 (3,637.70) 31.90 (783.68) 20.16 (1,173.68) - 45.09 (5,497.91) 1,895.35 (1,332.36) 171.75 (180.32) (4.92) (2,758.58) (3,121.53) (5,330.61) (566.92) 626.46 59.54 September 30, 2026 18.94 40.60 59.54 September 30, 2025 Unaudited (72.40) 4,547.04 92.04 35.26 - - (I0.04) 1.24 (201.28) -- 2,896.20 7,288.06 1.04 (440.79) 165.97 (595.26) (63.02) 27.41 (125.36) 929.18 7,187.23 (208.02) 6 979.21 (2,076.94) 1.91 (679.53) (161.71) - (21.72) 1.38 (2,936.61) 1,466.17 (491.51) - (201.00) (4.18) (2,460.85) (2,497.IO) (4188.47) (145.87) 235.55 89.68 September 30, 2025 86.68 3.00
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wework WeWork India Management Limited (formerly known as WeWork India Management Private Limited) CIN: L74999KA2016PLC093227 IND I A Regd Office: 6th Floor, Prestige Central 36, Infantry Road, Shivaji Nagar Bengaluru 560 00 l, Karnataka, India Statement of unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 Notes to the Consolidated financial results: 3 The above unaudited consolidated financial results of We Work India Management Limited (the "Company" or the "Holding Company"), its subsidiaries (the Company and its subsidiaries together referred to as "the Group") and its associate for the quarter and six months ended September 30, 2026, is drawn in accordance with the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, which have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 26, 2026 and were subjected to review by the statutory auditors of the Holding Company. 4 These unaudited consolidated financial results has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended . On November 21, 2025, the Government of India has notified four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 ("Labour Codes"), which consolidate twenty-nine existing labour laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed the financial implications of these changes which has resulted in estimated one time increase in provision for employee benefits of the Group amounting to Rs. 43.26 million and the same has been recognized as an exceptional item in the Statement of audited consolidated financial results for the year ended March 31, 2026. The Government of India is in the process ofnotifying related rules to the Labour Codes and impact of these will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 6 During the year ended March 31, 2026: The Company has completed its Initial Public Offering (IPO) comprising offer for sale of 46,296,296 equity shares of face value of Rs. 10 each aggregating to Rs. 29,996.43 million (which comprises of 59,523 number of equity shares offered to employees at premium of Rs. 578 per equity share and balance 46,236,773 number of equity shares offered at premium of Rs. 638 per equity share). The total proceeds on account of offer for sale is Rs. 29,996.43 million. The Company's equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on October 10, 2025. 7 During the quarter and six months ended September 30, 2026, the Holding Company has granted 439,510 and 4,68,896 Employee Stock Options respectively to eligible employees under the Equity Plan 2018 ("EIP 2018"), as approved by Nomination and Remuneration Committee. 8 During the quarter and six months ended September 30, 2026, the paid-up equity share capital of the Holding Company had increased from Rs.1,385.90 million to Rs.1,388.70 million and Rs.1,353 . 78 million to Rs.1,388. 70 million pursuant to allotment of 279,961 and 3,492,205 equity shares respectively on exercise of stock options by employees. 9 The Group is primarily engaged in the business of managed workspace provider and provision for allied services which falls within a single reportable segment as the Board of Directors being the Chief Operating Decision Maker ('CODM') of the Holding Company views the entire business activities as managed workspace provider. Accordingly, there are no additional disclosures to be furnished in accordance with the requirements of Ind AS 108- Operating Segments with respect to single reportable segment. Further, the operations of the Group are domiciled in India and therefore there are no reportable geographical segment. The Group does not have any single external customer contributing to 10% or more of the Group's revenue. 10 During the year, the Holding Company has filed a scheme under section 66 read with section 52 of Companies Act, 2013, with the National Company Law Tribunal (NCLT) for reduction of share capital of the Holding Company. Pursuant to the scheme, the Holding Company shall adjust the accumulated losses of the Holding Company represented by the debit balance of Profit & Loss Account of Rs. 20,501.60 million as at March 31, 2026 presented under Retained Earnings by reducing Rs. 20,501.60 million from Securities Premium account. 11 Figures for unaudited standalone financial results of the Company for the quarter and six months ended September 30, 2026 are as follows: Quarter ended Particulars September 30, June 30, 2026 2026 (Unaudited) (Unaudited) Revenue from operations 7,653.04 6,802.02 Profit/ (Loss) before tax for the period/year 194.36 (45.82) Profit / (Loss) for the period/year 194.36 (45.82) For and on behalf of Board of Directors We Work India Management Limited (formerly kn~ as We Work India Management Private Limited) Karan Virwani Managing Director and Chief Executive Officer DIN: 03071954 Place: Bengaluru Date: October 26, 2026 Six Months Ended September 30, September 30, September 30, 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) 5,730.30 14,455.06 11,069.84 73.87 148.54 (72.21) 73.87 148.54 (72.21) fR.<1, in Million) Year ended March 31, 2026 (Audited) 24,317.63 500.44 722.15