SOBHA

Management Guidance & Outlook - H1 FY27 was the strongest half year in Sobha's history with sales value of INR5,862 crores, a strong 47.2% year-on-year growth. - The company expects to deliver at least over 50% growth in PAT over the last financial year by the end of FY27. - EBITDA margins for the second half of FY27 are expected to be much higher than 15%, heading towards 20% plus in FY28. Project Launches & Pipeline - Launched 5 projects aggregating 7.91 million square feet with an estimated sales potential of close to INR11,200 crores in H1 FY27. - Forthcoming launch pipeline remains robust at 20.42 million square feet across 18 projects, with plans to launch at least 9 projects exceeding 11 million square feet in the remainder of FY27. Financial & Operational Performance - Maintained a net cash position of INR322 crores with a competitive borrowing cost of 7.75% as of September 30, 2026. - Acquired the fire and safety business of Sobha Projects and Trade Limited (SPTL) to enhance execution capabilities and reduce costs. - Unsold inventory stood at approximately 15 million square feet, with total remaining revenue to be recognized at INR22,040 crores.

- Sobha Limited received an order from the Commissioner (Appeals) of Central Tax, Central Excise and Revenue, Kochi. - The order involves a tax demand of ₹297.59 million plus applicable interest and penalty regarding valuation on the supply of capital goods. - The company plans to appeal before the GSTAT and states there is no impact on operations.

- Sobha Limited informed the exchange regarding the availability of the audio recording for the conference call held on October 19, 2026. - The call was held to discuss the operational and financial performance for the quarter and half year ended September 30, 2026. - The audio recording link has been made available on the company's website.

- Sobha Limited issued a Final Reminder-cum-Forfeiture Notice for the payment of the First and Final Call Money of ₹825.50 per partly paid-up equity share (₹5 face value + ₹820.50 premium). - The payment period is from Tuesday, November 10, 2026, to Tuesday, November 24, 2026. - Failure to pay within the stipulated period will render the partly paid-up shares and amounts already paid liable to forfeiture.

- Sobha Limited reported its highest ever H1 FY27 sales value of Rs 5,862 crore, up 47.2% YoY. - Q2 FY27 quarterly real estate sales value stood at Rs 2,206 crore, an increase of 16% YoY. - H1 FY27 collections reached an all-time high of Rs 4,009 crore, growing 4.8% YoY. - Q2 FY27 Revenue stood at Rs 1,017 crore with PAT at Rs 33 crore.

Sobha Limited released its Investor Presentation for Q2 and H1 FY2027. - Achieved record half-yearly Real Estate sales of ₹58.62 Bn across 3.76 Mn sft. - H1 FY27 Total Revenue stood at ₹23.47 Bn, EBITDA at ₹2.48 Bn, and PAT at ₹0.84 Bn. - Maintained a strong balance sheet with a net debt of negative ₹3.22 Bn (Cash balance of ₹18.27 Bn against gross debt of ₹15.05 Bn). - Launched 5 projects spanning 7.92 Mn sft of saleable area during H1 FY27.

- Sobha Limited has informed the Exchange regarding the outcome of the Board meeting held on October 19, 2026. - Routine board meeting outcome filing submitted to the stock exchanges.

Concall Schedule Concall Date: October 19, 2026 Concall Time: 18:30 hrs India Time

- Sobha Limited reported Q2 FY27 operational updates with total sales value at ₹22,063 mn (up 16% YoY) and sales area of 1.42 million sft. - H1 FY27 achieved highest-ever half-yearly sales value of ₹58,624 mn, representing a 47.2% YoY growth. - Bangalore and NCR contributed 57.7% and 33.7% respectively to the total sales in H1 FY27.

- Trading window will remain closed from October 01, 2026. - Closure remains effective until 48 hours after declaration of financial results for the quarter and half-year ended September 30, 2026. - Board meeting date for financial results declaration will be intimated later.

- Q1 FY '27 was a landmark quarter with highest-ever quarterly real estate sales of ₹3,656 crores (▲76% YoY).

- Audio recording of the conference call held on July 21, 2026, is now available. - The call discussed operational and financial performance for the quarter ended June 30, 2026. - The recording can be accessed on the company's website.

- The company achieved a historic quarter with record sales of over ₹3,600 Crore in Q1 FY27. - Revenue increased to ₹13.30 bn (▲48% YoY). - PAT was ₹0.51 bn (▲274% YoY). - Quarterly real estate sales value reached ₹36.56 bn (▲76% YoY). - Net debt stands at ₹-6.59 bn (net cash positive).

- Consolidated Revenue ₹1,301.89 Cr vs ₹960.00 Cr (▲35.61% YoY) - EBITDA ₹119.36 Cr vs ₹72.74 Cr (▲64.08% YoY) - PAT ₹73.11 Cr vs ₹54.42 Cr (▲34.34% YoY) - EBITDA Margin 9.17% vs 7.58% (▲159bps) - Board approved the issue of Non-convertible Debentures (NCDs) aggregating up to ₹1,000 Cr via private placement. - Shareholders approved a final dividend of ₹6 per equity share for FY26. - Auditors draw attention to ongoing regulatory matters, including an ED investigation with provisional attachment of land parcels worth ₹201.6 Cr, where recoverability is presently uncertain. - Other significant ongoing regulatory actions and litigation matters highlighted include Income Tax demand orders of ₹84.2 Cr, a project termination dispute with a compensation claim of ₹295.6 Cr, and municipal body actions revoking project plans and an order for criminal offences.

- Consolidated Revenue ₹12,575.87Mn vs ₹9,194.71Mn (▲36.77% YoY) - EBITDA ₹1,053.45Mn vs ₹710.01Mn (▲48.37% YoY) - PAT ₹580.42Mn vs ₹458.81Mn (▲26.50% YoY) - EBITDA Margin 8.38% vs 7.72% (▲66bps) - Board approved raising up to ₹1,000 crore via Non-convertible Debentures (NCDs) on a private placement basis. - Auditor highlighted ongoing regulatory proceedings including an Enforcement Directorate (ED) complaint with provisional attachment of ₹2,016.05Mn land parcels under PMLA, with uncertain recoverability. - Other concerns include Income Tax Department demand orders and various litigations with a customer and local municipal body.

- The 31st Annual General Meeting of Sobha Limited was held on July 18, 2026, through Video Conferencing/OAVM. - All resolutions, including the adoption of financial statements for FY ended March 31, 2026, declaration of final dividend, re-appointment of directors, ratification of cost auditor remuneration, and the issue of Non-Convertible Debentures, were passed with requisite majority.

- Sobha Limited held its 31st Annual General Meeting on July 18, 2026, through VC/OAVM. - Members adopted the Standalone and Consolidated Financial Statements for FY 2025-26. - A dividend of ₹6/- per equity share was declared for the financial year ended March 31, 2026. - Re-appointment of Mr. Ravi PNC Menon, Mr. Jagadish Nangineni (as MD), and Mr. Raman Mangalorkar (as Independent Director) were approved. - Approved the issue of Non-Convertible Debentures on Private Placement basis.

- Concall Schedule - Concall Date: July 21, 2026 - Concall Time: 05:00 P.M. (IST) - Purpose: To discuss Q1FY27 Operational and Financial performance. - Universal Access: +91 22 6280 1144 / +91 22 7115 8045

- For Q1 FY27, total sales value grew 75.8% YoY to ₹36,561 million. - Sales area increased 62% YoY to 2.34 million sft, with average price up 8.75% YoY. - Company achieved its highest-ever quarterly sales value, driven by new project launches.

- AGM scheduled for July 18, 2026. - Record Date for final dividend of ₹6/- (60%) per equity share for FY 2025-26 is July 10, 2026. - Cut-off date for voting entitlement for the AGM is July 11, 2026.

- Sobha Limited will hold its 31st Annual General Meeting (AGM) on Saturday, July 18, 2026, via Video Conference/Other Audio-Visual Means. - The agenda includes adopting financial statements for FY ended March 31, 2026. - A final dividend of ₹6/- per equity share for FY ended March 31, 2026, has been proposed. - Re-appointments of Mr. Jagadish Nangineni as Managing Director and Mr. Raman Mangalorkar as Non-Executive Independent Director are on the agenda. - A proposal to issue Non-Convertible Debentures up to ₹1,000 Crore on a private placement basis will be considered.

- Intimation of trading window closure for Designated Persons and their immediate relatives. - Window closed from July 01, 2026, until 48 hours after declaration of financial results for the quarter ended June 30, 2026.