SOBHA Limited has cancelled its investor and analyst meeting with Nuvama Wealth Management that was originally scheduled for February 26, 2026. The company informed both BSE and NSE about this development through an official communication citing unavoidable circumstances as the reason for the cancellation.

Meeting Cancellation Details

The real estate developer had previously announced the investor meeting on February 23, 2026, in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was intended to engage with analysts and institutional investors from Nuvama Wealth Management.

Regulatory Compliance

The cancellation notice was submitted under the same regulatory framework as the original announcement - Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI LODR Regulations. This ensures full transparency and compliance with stock exchange requirements for investor communication.

Official Communication

The cancellation was formally communicated to both stock exchanges through a letter signed by Bijan Kumar Dash, Company Secretary & Compliance Officer (ACS No. 17222). The digital signature was applied on February 26, 2026, at 14:34:52 +05'30', confirming the official nature of the communication.

SOBHA Limited requested both exchanges to take the cancellation information on record, maintaining proper documentation for regulatory purposes. The company continues to operate from its registered and corporate office located at Sarjapur-Marathahalli, Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru.

Sobha Limited demonstrated robust growth momentum in its third quarter performance, with total bookings surging 52% year-on-year and 11% quarter-on-quarter to reach ₹21.20 billion, according to Motilal Oswal's latest research report. Despite the strong growth trajectory, the bookings fell short of analyst estimates by 29%.

Strong Quarterly Performance Metrics

The company's financial performance showed consistent growth across multiple parameters during the quarter:

Regional Performance Analysis

Bangalore continued to be the primary revenue driver for Sobha, accounting for 71.5% of total sales during the quarter. The region generated ₹15.00 billion in sales, marking a substantial 51% year-on-year increase, with SOBHA Magnus project leading the strong performance.

The National Capital Region (NCR) emerged as a standout performer, contributing ₹3.50 billion to quarterly sales, representing 16% of total Q3 sales. This segment recorded exceptional growth of 144% year-on-year, primarily driven by the SOBHA Strada project.

Kerala operations contributed ₹1.50 billion, representing 7% of Q3 sales with a modest 18% year-on-year growth.

Analyst Outlook and Investment Recommendation

Motilal Oswal has maintained its positive stance on the stock, reiterating a BUY rating with a revised target price of ₹1,825. This target price indicates a potential upside of 19% from current levels, reflecting confidence in the company's growth trajectory and market positioning.

The brokerage firm's recommendation is based on the company's consistent booking growth, strong regional performance, and successful project execution across key markets. The nine-month performance of ₹61.00 billion in total bookings, up 37% year-on-year, demonstrates the company's ability to maintain growth momentum throughout the fiscal year.