Sobha Limited has informed the Exchange about the transcript of 30th Annual General Meeting of the company held on July 24, 2025.
SOBHA · price
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Sobha Limited filed the transcript of its 30th AGM, where management highlighted that the company is now a zero-debt firm with a net cash position of ₹6.30 billion, strengthened further by an oversubscribed ₹19.99 billion rights issue in FY25. Real estate sales value stood at ₹62.77 billion (Sobha's share ₹49.60 billion), led by a 22.8% rise in average price realisation to ₹13,412/sq ft, with homes priced above ₹3 crore contributing 45% of sales. The company handed over 4.64 million sq ft across 2,797 homes, launched 8 new projects covering 8.76 million sq ft, and recorded its highest-ever operational cash inflows of ₹61.84 billion. Sobha announced entry into Mumbai and Greater Noida in FY26, with a development pipeline of 19.27 million sq ft across nine cities. A dividend of ₹3 per share (30%) was declared, and a special resolution was passed to issue non-convertible debentures on a private placement basis.
The zero-debt status, strong cash inflows, premium-segment leadership, and expansion into new cities reinforce Sobha's financial strength and growth visibility, which is positive for shareholders. Margin guidance that the recent contracts and manufacturing compression is not expected to persist could also support earnings recovery in the coming years.