Sobha Limited — Important, 21-01-2025: Disclosure of material issue

SOBHA Limited has received approximately Rs. 994.75 crore from the First and Final Call on 1,21,07,981 partly paid-up Rights Equity Shares, converting 1,20,50,250 shares into full paid-up equity shares. The company's Rights Issue Committee has approved this conversion, which includes shares now fully paid-up at Rs. 10 each. The company is finalizing the necessary steps for listing and trading of these shares.

Additionally, a total of 57,731 partly paid-up Rights Equity Shares remain unpaid, with outstanding call money of approximately Rs. 4.77 crore. A Reminder-cum-Forfeiture Notice will be sent for the collection of this unpaid amount, indicating strict adherence to capital raising measures. Monitoring these developments is crucial, as timely capital mobilization can enhance the company's operational capacity and strategic execution.