Sobha reports no deviation in Rights Issue fund utilization

Sobha Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2025, confirming no variation or deviation in the utilization of funds from its Rights Issue. The report, issued by ICRA Limited, aligns with SEBI Regulations, 2015 and 2018. The company received INR 1,996.70 crore from the Rights Issue, with INR 1,718.25 crore utilized towards stated objects.

The Rights Issue, which closed on July 4, 2024, raised INR 1,999.03 crore. As of September 30, 2025, the total unutilized amount stood at INR 280.782 crore, with INR 278.45 crore representing actual unutilized proceeds. The unutilized funds include INR 0.424 crore held in the Public Issue account, with an additional INR 2.774 crore earned as interest from temporary investments.

The Monitoring Agency Report confirms that all utilization is as per the Offer Document disclosures, and no major deviations or changes in the means of finance have been observed. The deployment of unutilized proceeds includes fixed deposits with various banks and an outstanding balance in the Public Issue account, all maturing by February 2026.