Sobha Ltd: ₹1,999 Cr Rights Issue Funds Utilized; No Deviation

Sobha Limited has filed a Statement of Deviation(s) or Variation(s) for its Rights Issue proceeds for the quarter ended June 30, 2026. The company raised ₹1,999.03 crore through a Rights Issue on July 11, 2024. As of June 30, 2026, ₹1,829.93 crore has been utilized towards various objects including repayment of borrowings, funding project-related expenses, and acquisition of land parcels. The statement indicates no deviation or variation in the utilization of funds as per the original objects stated in the Letter of Offer. The Audit Committee has reviewed the statement, and the information is available on the company's website.