Sobha Limited — Others, 06-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Sobha Limited has announced a statement on the utilization of ₹1,999.03 Cr raised through its Rights Issue. As of the quarter ended March 31, 2025, ₹1,485.60 Cr has been deployed towards repayment of borrowings (₹905 Cr), project expenses (₹212.36 Cr), equipment purchases (₹210.03 Cr), land acquisitions, and corporate needs. The unutilized balance is ₹510.53 Cr, including ₹0.42 Cr for issue-related expenses. There have been no deviations from the original planned use of funds, reflecting disciplined capital management.