Sobha Limited — Others, 25-07-2025: Monitoring Agency Report

Sobha Limited's monitoring agency report for the quarter ending June 30, 2025, confirms that there is no deviation in the utilization of its Rights Issue proceeds. Out of the net proceeds, the company has utilized approximately 1983.64 crore. Key allocations include 905 crore for debt repayment, 107.31 crore for project expenses, and 632.09 crore for land acquisitions and general corporate purposes. The remaining unutilized funds of approximately 312.51 crore are strategically invested in fixed deposits, ensuring capital preservation. This confirms the company's disciplined approach to fund deployment.