Announced Mon, 20 Jul · 16:51 IST
Sobha Rights Issue fund utilisation update for Q1 FY27, no deviation
Compliance View source PDF
SOBHA · price
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Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹1461.50
prior close
₹1540.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-2.5-4.0-5.0-3.0-6.1-6.3-6.7——————
Up moveDown movePending
AI summary
Sobha raised INR 1,999.03 Crore via Rights Issue in July 2024. For the quarter ended June 30, 2026, the company has utilised INR 1,829.93 Crore towards stated objects including loan repayment (INR 905 Cr fully used), project expenses (162.86 of 212.36 Cr), equipment (118.95 of 210.03 Cr), and land acquisition plus general corporate use (658.09 of 658.59 Cr). INR 169.10 Crore remains unutilized. The Audit Committee confirmed no deviation from original objects.
Likely market impact
Confirms Rights Issue proceeds used as disclosed. INR 169.10 Cr unutilized likely to be deployed in coming quarters; no negative signal.