Sobha Limited — Others, 06-02-2025: Monitoring Agency Report

Sobha Limited has issued the Monitoring Agency Report for the quarter ended December 31, 2024, prepared by ICRA Limited, confirming that the proceeds from the recent rights issue are being utilized as intended, with no deviations observed. The total issue size stood at ₹1,999.028 crore, of which ₹986.458 crore has been received as part payment. This report highlights a positive financial management outlook, with ongoing projects and repayments on schedule, which could enhance investor confidence. However, investors should remain aware of potential risks related to market conditions.