Statement of deviation(s) or variation(s) under Reg. 32

SOBHA Date: October 19, 2026 BSE Limited The National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Plot No C/1, G Block PJ Towers, Dalal Street Sandra Kurla Complex Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532784 Scrip Code: SOBHA Dear Sir/Madam, Sub: Statement of Deviation or Variation of funds in proceeds of Rights Issue for the Quarter ended September 30, 2026 Pursuant to the Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find attached Statement of Deviation for the quarter ended September 30, 2026 relating to the use of proceeds of Rights Issue, from the objects stated in the Letter of Offer for Rights Issue dated June 12, 2024, duly reviewed by the Audit Committee at its meeting held on October 19, 2026. The aforesaid information is also being made available on the website of the Company at www.sobha.com Yours sincerely, For Sobha Limited Bijan Kumar Dash Company Secretary & Compliance Officer Membership No. ACS 17222 Encl: As above SOBHA LIMITED Regd & corporate Office: SOBHA Limited, Sarjapur-Marathahalli, Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bengaluru -560103, Karnataka, India. CIN: L45201KA1995PLC018475 I Tel: +9180 49320000 I www.sobha.com I Email: investors@sobha.com SOBHA Statement of Deviation/ Variation in utilization of funds raised Name of listed entitv Sobha Limited Mode of Fund Raisinq Riohts Issues Date of Raisina Funds Julv 11. 2024 Amount Raised 1,999.03 Crore Report filed for Quarter ended 30th Seotember 2026 Monitorinq A<1encv APolicable Monitorina Aaencv Name, if applicable ICRA Limited Is there a Deviation / Variation in use of funds raised ¥es/ No If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by Not applicable the shareholders If Yes, Date of shareholder Approval Not aoolicable Explanation for the Deviation / Variation Not annlicable Comments of the Audit Committee after review Not aoolicab1e Comments of the auditors, if anv Not annlicab1e Objects for which funds have been raised and where there has been a deviation, in the following table: INR: Crores Original Object Modified Original Modified Funds Amount of Remarks if any Object, if Allocation allocation, Utilized Deviation/Variation for the quarter any [INR Crore] if any [INR according to Crore] annlicable obiect Repayment or prepayment, in Not 905.00 - 905.00 Nil The Company has received full or in part, of certain Applicable INR 1,999.03 crore till borrowings availed by our September 30, 2026 out of Company which the Company has Funding certain project related Not 212.36 - 179.74 Nil utilised INR 1,857.89 crore expenses for Ongoing Projects Applicable towards the objects stated in and Forthcominq Proiects the Letter of Offer dated Purchase of equipment and Not 210.0J - 102.17 Nil June 12, 2024 and INR machinerv Applicable 141.14* crore is un-utilized SOBHA LIMITED Regd & Corporate Office: 'Sobha', Sarjapur-Marathahalli Outer Ring Road, Bellandur Post, Bengaluru-560103, India CIN: L45201 KA1995PLC018475 I TEL.: +91 80-49320000 I www.sobha.com jemail id: investors@sobha.com SOBHA Funding acquisition of Not 658.59 - 658.09 Nil amount as on September 30, unidentified land parcels and Applicable 2026. general corporate ourooses Not 13.05 - 12.89 Nil Rs. 0.16* crore lying un- Issue related expenses Applicable utilized in the monitoring account towards Issue related expenses as on September 30 2026. Total 1,999.03 1,857.89** *Actual unutilized proceed is INR 141.14 Crore which include INR 0.16 Crore of unutilized issue related expenses. Interest income of INR 3.68 Crore from temporary investments has not been included in the unutilized amount. ** The total utilized amount INR 1,857.89 Crore includes INR 12.89 Crore relating to Issue related expenses. Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. FORSOBHA , ··', JAG~ ISH NANGINENI MANAGING DIRECTOR DATE: 19.10.2026 SOBH A LIMITED Regd & Corporate Office: 'Sabha', Sarjapur- Marathahalli Outer Ring Road, Bellandur Post, Bengaluru - 560103, India CIN: L45201KA1995PLC018475 I TEL.: +91 80-49320000 I W//W,S0bha.com Iemail id: investors@sobha.com