Rights Issue19 Oct 2026, 06:10 pm
Sobha Ltd: ₹1,999 Cr Rights Issue Funds Utilisation Report
AI Summary
Sobha Limited has filed a statement of deviation regarding the utilisation of funds from its Rights Issue. The company raised ₹1,999.03 Crore on July 11, 2024, with a deadline of September 30, 2026, for reporting. As of September 30, 2026, ₹1,857.89 Crore has been utilised, and ₹141.14 Crore remains unutilised. The utilisation aligns with the objects stated in the Letter of Offer, including repayment of borrowings, funding ongoing projects, and purchase of equipment. No significant deviations were noted, and the Audit Committee has reviewed the statement.
Key Highlights
- Sobha Ltd reports on ₹1,999.03 Cr Rights Issue fund utilisation.
- ₹1,857.89 Cr utilised, ₹141.14 Cr unutilised as of Sep 30, 2026.
- Utilisation aligns with stated objects in Letter of Offer.
- Audit Committee has reviewed the deviation statement.
- No significant deviations reported in fund utilisation.
Price Impact
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