Sobha Ltd: ₹221.28 Cr Unutilized from Rights Issue

Sobha Limited reported deviations in the utilization of funds raised through its Rights Issue of ₹1,999.03 crore. As of March 31, 2026, ₹1,777.74 crore has been utilized, leaving ₹221.28 crore unutilized. The funds were allocated for various purposes including repayment of borrowings, project expenses, equipment purchase, land acquisition, and general corporate purposes. The deviation statement, reviewed by the Audit Committee on May 4, 2026, is available on the company's website.