Sobha Limited has informed the Exchange regarding Proceedings of the 30th Annual General Meeting held on July 24, 2025.
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Sobha Limited held its 30th Annual General Meeting on July 24, 2025, via video conferencing, chaired by Mr. Ravi PNC Menon with 52 members present. Six resolutions were transacted, including adoption of FY25 standalone and consolidated financial statements, declaration of a dividend of ₹3 per equity share (face value ₹10), reappointment of Managing Director Mr. Jagadish Nangineni, appointment of Nagendra D Rao & Associates LLP as Secretarial Auditors for 5 years, ratification of Cost Auditors' remuneration, and approval for issuing Non-Convertible Debentures on a private placement basis. Statutory and Secretarial Auditors' reports contained no qualifications. E-voting was conducted between July 21-23, 2025, and the consolidated voting results will be filed with the stock exchanges within two working days.
Shareholders will receive a ₹3 dividend per share for FY25, and the company has secured approval to raise funds through Non-Convertible Debentures on a private placement basis. The clean audit reports and routine governance approvals suggest no negative surprises, while the debenture issuance indicates potential fundraising activity ahead.