WeWork India Management Ltd has recognised a one-time exceptional charge of Rs 4.29 crore in its financial results for the year ended March 31, 2026, following its assessment of the financial impact arising from India’s new Labour Codes.
The company said the Government of India had, on November 21, 2025, notified the 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—which consolidate 29 existing labour laws.
Based on its assessment, WeWork India recognised an estimated one-time increase of ₹42.94 million (₹4.29 crore) in its provision for employee benefits, which has been disclosed as an exceptional item in its unaudited standalone financial results for FY26. “The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations,” said the company in its statement of unaudited Standalone Financial Results for the quarter ended June 30, 2026.
The company said the government is still in the process of notifying the related rules under the Labour Codes. It added that the financial impact of those rules would be evaluated and recognised in accordance with applicable accounting standards in the period in which they are notified.
