Sobha Limited reports on the utilization of funds raised through its Rights Issue as of December 31, 2025. Of the ₹1,999.03 crore raised, ₹1,744.55 crore has been utilized towards stated objectives. Deviations primarily relate to funding acquisition of unidentified land parcels and general corporate purposes, with ₹254.48 crore remaining unutilized. The report details specific allocations and variations.
Rights Issue Proceeds: Utilization Status
Sobha Limited has provided an update on the utilization of funds raised through its Rights Issue, with a report for the quarter ended December 31, 2025. The total amount raised was ₹1,999.03 crore.
Key Utilization Areas
The company has utilized ₹905.00 crore towards the repayment or prepayment of certain borrowings. An amount of ₹153.58 crore has been allocated for project-related expenses, specifically ongoing and forthcoming projects. Purchases of equipment and machinery amounted to ₹41.15 crore.
Deviations and Unutilized Funds
Significant deviations were noted in the funding acquisition of unidentified land parcels and for general corporate purposes, with ₹632.09 crore utilized out of an initial allocation of ₹658.59 crore. Issue-related expenses amounted to ₹12.73 crore, against an allocation of ₹13.05 crore.
As of December 31, 2025, the total amount utilized stands at ₹1,744.55 crore, leaving an unutilized amount of ₹254.48 crore. This includes ₹0.32 crore of unutilized issue-related expenses. Interest income of ₹28.70 Crores from temporary investments has not been included in the unutilized amount.
Source: BSE
