Sobha Limited — Others, 25-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Sobha Limited has provided an update on the utilization of funds from its Rights Issue. The company raised INR 1,999.03 Cr and has utilized INR 1,686.52 Cr towards the stated objectives, which include repaying borrowings, funding project expenses, acquiring equipment, and purchasing land. As of the end of the quarter, INR 310.18 Cr remains unutilized. The company confirmed there has been no deviation in the use of these funds from the original plans outlined in the offer document. This update ensures transparency for investors on how the raised capital is being deployed.