Sobha Limited

Sobha Limited has announced the closure of its trading window for the quarter and half-year ending September 30, 2026. This closure, in compliance with SEBI regulations and the company's insider trading code, will be effective from October 01, 2026, until 48 hours after the declaration of the unaudited financial results for the period. During this period, designated persons and their immediate relatives are prohibited from trading in the company's securities. The specific date for the Board meeting to approve these financial results will be communicated separately.

Sobha Limited reported a historic first quarter for FY27, with real estate sales value soaring 76% year-on-year to ₹36.56 billion. Revenue increased by 48% YoY to ₹13.30 billion, and Profit After Tax (PAT) saw a significant jump of 274% YoY to ₹0.51 billion. The company sold 2.34 million sq. ft., a 62% YoY growth, and launched 6.89 million sq. ft. of saleable area. Collections for the quarter were ₹19.24 billion, an 8% YoY increase. The strong performance is attributed to sustained demand for premium homes and customer confidence.

Sobha Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of funds from its Rights Issue. The report, prepared by ICRA Limited, confirms that there has been no material deviation in the utilization of proceeds, which are in line with the objects of the issue. The Rights Issue period was from June 28, 2024, to July 04, 2024. This report is a regulatory requirement under SEBI regulations and has been made available on the company's website.

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.

Sobha Limited's Board of Directors met on July 20, 2026, to approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The board also approved the issuance of Non-convertible Debentures (NCDs) aggregating up to ₹1,000 crore (Indian Rupees One Thousand Crore Only) on a private placement basis. The Investments and Borrowings Committee has been authorized to finalize the terms and conditions for the NCD issuance.

Sobha Ltd has announced that its Board of Directors will convene on July 20, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Additionally, the board will discuss the issuance of non-convertible debentures on a private placement basis. The company has also informed that the trading window for designated persons and their immediate relatives will remain closed until 48 hours after the declaration of these financial results, having been closed since July 1, 2026.

Sobha Limited reported a strong operational update for Q1 FY2027, achieving its highest-ever quarterly sales value of ₹36.56 billion. This represents a significant 76% year-on-year increase from Q1 FY26. The company sold 2.34 million square feet of area, comprising 1,432 homes and plots. Sobha's share of the sales value also reached a historic high of ₹29.92 billion. The performance was driven by new project launches, including SOBHA OneWorld and Sacred Grove in Bangalore, and SOBHA Crescent in Gurgaon. Bangalore led the sales with ₹20.67 billion, accounting for 56.5% of total sales, followed by the NCR region with ₹13.84 billion (37.9%). The company also launched 6.89 million square feet across 3 projects and completed 1.08 million square feet across 8 projects.

Sobha Limited has announced the record date for its final dividend as July 10, 2026. The company proposes to pay a dividend of ₹6 per equity share (60%) on shares with a face value of ₹10. This dividend is for the Financial Year 2025-26 and will be paid on fully paid-up shares, with a pro-rata dividend for partly paid-up shares. The dividend, if declared at the upcoming Thirty-first Annual General Meeting (AGM) scheduled for July 18, 2026, will be subject to applicable tax deductions. The AGM will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). A cut-off date of July 11, 2026, has also been fixed for determining voting entitlements at the AGM.

Sobha Ltd has announced its 31st Annual General Meeting (AGM) will be held on Saturday, July 18, 2026, at 9:00 AM IST via Video Conference/Other Audio-Visual Means. The meeting will cover ordinary business such as adopting financial statements for FY26, declaring a final dividend of ₹6 per equity share, and re-appointing Mr. Ravi PNC Menon as a director. Special business includes ratifying remuneration for cost auditors and re-appointing Mr. Jagadish Nangineni as Managing Director for five years. Remote e-voting will be open from July 14 to July 17, 2026. The cut-off date for determining voting rights is July 11, 2026.

Sobha Ltd has announced its 31st Annual General Meeting (AGM) will be held on Saturday, July 18, 2026, at 9:00 AM IST via Video Conference/Other Audio-Visual Means. The meeting will cover ordinary business such as adopting financial statements for FY26, declaring a final dividend of ₹6 per equity share, and re-appointing Mr. Ravi PNC Menon as a director. Special business includes ratifying remuneration for cost auditors and re-appointing Mr. Jagadish Nangineni as Managing Director for five years. Remote e-voting will be open from July 14 to July 17, 2026, for shareholders as of the cut-off date, July 11, 2026.