<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
SOBHA · price
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Awaiting price reaction for this filing.
Sobha Limited has filed a disclosure confirming it is NOT classified as a Large Corporate under SEBI's framework for debt security fundraising (Circular dated August 10, 2021, amended October 19, 2023). As on March 31, 2025, the company's outstanding borrowings stood at Rs. 9,005.60 million (provisional, subject to audit). The company carries a credit rating of AA- from ICRA Limited. Since its borrowings fall below the SEBI-prescribed threshold, Sobha is exempt from the mandatory minimum debt-raising obligations that apply to Large Corporates. The disclosure has been signed by the Company Secretary and CFO.
This is a routine compliance filing and not material for shareholders. It indicates Sobha's borrowings are below the Large Corporate threshold, so no mandatory debt-market fundraising requirement applies. No direct impact on stock price or shareholder value is expected.