Sobha Limited has informed the Exchange about Monitoring Agency Report related to Rights Issue for the quarter ended March 31, 2026.
SOBHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sobha Limited has submitted its quarterly monitoring agency report for Q4 FY2026, as required under SEBI regulations for its Rs 1,999 crore Rights Issue that closed in July 2024. ICRA Limited, the appointed monitoring agency, confirms there is no material deviation in the utilisation of proceeds — all funds are being deployed as per the Letter of Offer. Of the net proceeds of Rs 1,984.25 crore being monitored, Rs 1,777.75 crore (about 90%) has been utilised so far, with Rs 219.56 crore remaining. The unutilised balance is parked in fixed deposits with Axis Bank, DCB Bank, RBL Bank, SBM Bank, and HDFC Bank, earning a total interest of Rs 5.07 crore. All four stated objects — debt repayment, project funding, equipment purchase, and land acquisition/GCP — are on schedule with no delays reported.
No concerns for shareholders — the monitoring report is a clean bill of health confirming proper deployment of rights issue proceeds with no deviations or project delays. The stock has no near-term catalyst or risk from this filing.