SOBHA Limited has released a statement regarding deviations in the utilization of funds raised through its Rights Issue for the quarter ended September 30, 2025 (Q2 2025). The company raised ₹1,999.03 Crore through the Rights Issue, with ₹1,718.25 Crore utilized so far. The statement details the allocation and utilization across various objects, noting deviations from the original plan. A small portion remains unutilized.
Rights Issue Proceeds: Utilization Update
SOBHA Limited announced an update on the utilization of funds raised through its Rights Issue, reporting for the quarter ending September 30, 2025 (Q2 2025). The total amount raised through the Rights Issue was ₹1,999.03 Crore.
Funds Allocation and Deviation
Here is the breakdown of funds utilization against the original objectives:
Repayment of Borrowings: An amount of ₹905.00 Crore was allocated and fully utilized (₹905.00 Crore) for repaying the company’s borrowings.
Project Related Expenses: Out of an allocated ₹212.36 Crore, ₹132.70 Crore has been utilized for project-related expenses.
Purchase of Equipment: Against an original allocation of ₹210.03 Crore, the company utilized ₹35.83 Crore for the purchase of equipment and machinery.
Land Acquisition: An amount of ₹658.59 Crore was originally allocated, with ₹632.09 Crore utilized, leaving a small unutilized balance in this category.
Issue Related Expenses: Out of ₹13.05 Crore allocated, ₹12.63 Crore was utilized for issue-related expenses.
Unutilized Funds
As of September 30, 2025, a total of ₹1,718.25 Crore has been utilized. The total unutilized amount is ₹278.45 Crore, which includes ₹0.42 Crore of unutilized issue-related expenses. Interest income from temporary investments, amounting to ₹23.27 Crores, has not been included in the utilized amount.
Source: BSE
