Sobha reported its highest-ever quarterly sales value of ₹36,561 mn in Q1 FY27, marking a 76% increase compared to Q1 FY26. The company also recorded a 62% rise in sales area to 2.34 million sft, driven by robust demand across Bangalore and Gurgaon. Sobha's share of the sales value reached a historic high of ₹29,921 mn, representing 81.8% of the total sales value.

The performance was led by new project launches, including SOBHA OneWorld and Sacred Grove in Bangalore, and SOBHA Crescent in Gurgaon. Bangalore recorded its strongest-ever quarterly sales with a value of ₹20.67 Bn, contributing 56.5% of total sales. The NCR region followed with sales of ₹13.84 Bn, accounting for 37.9% of the total, while Kerala and other cities contributed the remainder.

Sales Performance

The following table summarises Sobha's key sales metrics across recent periods:

New Launches and Completions

The company launched 6.89 mn sft of saleable area across three projects in Bangalore and Gurgaon during the quarter. The key details of each new launch are outlined below:

During the quarter, Sobha completed 671 homes across eight projects, totalling 1.08 million sft of saleable area. The average realisation price stood at ₹15,655 per sft for Q1 FY27, up from ₹14,395 per sft in the same period last year.

Sobha Limited has fixed Friday, July 10, 2026, as the record date to determine shareholder entitlement for a final dividend of ₹6 per equity share. The dividend, equivalent to 60% of the face value of ₹10 each, pertains to the Financial Year 2025-26 and will be paid within 30 days of the Annual General Meeting (AGM) if declared. The company has also established Saturday, July 11, 2026, as the cut-off date to ascertain voting eligibility for the AGM.

The 31st AGM is scheduled for Saturday, July 18, 2026, at 9.00 A.M. (IST) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will cover ordinary business, including the adoption of financial statements for the year ended March 31, 2026. Shareholders will vote on the ratification of remuneration for Cost Auditors M/s. Gudi Srinivasarao and Co., capped at ₹2,50,000 plus expenses for FY26.

Special business includes the re-appointment of Mr. Jagadish Nangineni as Managing Director for a five-year term from April 1, 2027, to March 31, 2032. The re-appointment of Mr. Raman Mangalorkar as a Non-Executive Independent Director for a second term of five years, effective from April 1, 2027, to March 31, 2032, is also on the agenda.

The board seeks approval to raise funds up to ₹1,000 crore through the issuance of Unsecured Non-Convertible Debentures (NCDs) or other instruments on a private placement basis. This authorization is valid for one year from the resolution date. Proceeds are earmarked for business investments, loan repayment, and general corporate purposes.

Remote e-voting facilities will be available from July 14, 2026, at 9.00 A.M. (IST) until July 17, 2026, at 5.00 P.M. (IST). Physical copies of the notice and annual report have been dispensed with in compliance with Ministry of Corporate Affairs and SEBI circulars, with documents sent electronically to registered members.