Sobha Limited Files Rights Issue Fund Utilization Statement for Q3FY26
Sobha Limited filed its quarterly Statement of Deviation for rights issue proceeds under Regulation 32, showing utilization of ₹1,744.55 crores out of ₹1,999.03 crores raised in July 2024. The company has fully utilized ₹905.00 crores for debt repayment while ₹254.48 crores remains unutilized across other objectives including land acquisition, project expenses, and equipment purchase.
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Sobha Limited has filed its Statement of Deviation or Variation of funds in proceeds of Rights Issue for the quarter ended December 31, 2025, pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement was reviewed by the Audit Committee at its meeting held on January 16, 2026.
Rights Issue Fund Details
The company raised ₹1,999.03 crores through rights issue on July 11, 2024, with ICRA Limited serving as the monitoring agency. Out of the total funds raised, the company has utilized ₹1,744.55 crores towards the objects stated in the Letter of Offer dated June 12, 2024, leaving ₹254.48 crores unutilized as of December 31, 2025.
| Parameter: | Details |
|---|---|
| Amount Raised: | ₹1,999.03 crores |
| Date of Fund Raising: | July 11, 2024 |
| Total Utilized: | ₹1,744.55 crores |
| Unutilized Amount: | ₹254.48 crores |
| Monitoring Agency: | ICRA Limited |
Fund Utilization Breakdown
The company has allocated funds across five key objectives as outlined in the original Letter of Offer. The largest allocation was towards debt repayment, which has been fully utilized.
| Original Object: | Original Allocation (₹ Cr): | Funds Utilized (₹ Cr): | Status: |
|---|---|---|---|
| Debt Repayment: | 905.00 | 905.00 | Fully Utilized |
| Land Acquisition & General Corporate: | 658.59 | 632.09 | Partially Utilized |
| Project Related Expenses: | 212.36 | 153.58 | Partially Utilized |
| Equipment & Machinery: | 210.03 | 41.15 | Partially Utilized |
| Issue Related Expenses: | 13.05 | 12.73 | Nearly Complete |
Key Highlights
The statement indicates no deviation from the original objects for which funds were raised. The company has fully utilized the allocated amount of ₹905.00 crores for repayment or prepayment of certain borrowings. For funding acquisition of land parcels and general corporate purposes, ₹632.09 crores has been utilized out of the allocated ₹658.59 crores.
Additional Financial Information
The company has earned ₹28.70 crores as interest income from temporary investments, which has not been included in the unutilized amount calculation. Out of the ₹254.48 crores unutilized amount, ₹0.32 crores relates to issue-related expenses lying in the monitoring account.
Regulatory Compliance
The filing demonstrates Sobha Limited's adherence to regulatory requirements under SEBI guidelines. The statement confirms that there has been no deviation in the objects or purposes for which the funds were raised, and no change in terms of contracts mentioned in the fund-raising documents. The information has also been made available on the company's website at www.sobha.com for public access.
Historical Stock Returns for Sobha
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.49% | -3.34% | -20.32% | -23.60% | -4.29% | +177.35% |
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