Sobha Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SOBHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sobha Limited has filed its quarterly compliance statement showing how it has used the money raised through its Rights Issue in July 2024, which brought in INR 1,999.03 crore. Out of the total, INR 1,686.52 crore has been used so far, while INR 310.18 crore remains unutilized as of June 30, 2025 (this includes INR 0.42 crore of unspent issue expenses). The repayment of borrowings (INR 905 crore) and acquisition of land/general corporate purposes (INR 632.09 crore used out of INR 658.59 crore) are nearly fully deployed. Spending on project-related expenses (INR 107.31 crore used out of INR 212.36 crore) and equipment/machinery (INR 29.49 crore used out of INR 210.03 crore) is still in progress. The filing confirms Nil deviation or variation in the stated objects, and the monitoring agency is ICRA Limited.
This is a routine SEBI-mandated quarterly disclosure and is largely neutral for shareholders — funds are being used as originally promised with no deviations reported. The sizable unutilized amount (INR 310 crore) means deployment is still ongoing and may support future project execution, but also means the full rights issue capital is not yet working for the business.