Sobha Limited — Others, 06-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

SOBHA Limited has reported its Statement of Deviation in the utilization of funds from the Rights Issue for the quarter ended December 31, 2024. The company raised ₹1,999.03 crore, utilizing ₹893.01 crore primarily for repayment of borrowings and project-related expenses. Notably, a deviation was noted for funding acquisitions of land parcels and general corporate purposes, with ₹106.50 crore remaining unutilized, including ₹0.92 crore for issue-related expenses. This transparency may signal to investors a proactive governance approach, though the unutilized funds present a watchpoint for efficiency in capital deployment.