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

SOBHA Date: July 20, 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 Bandra 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 June 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 June 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 July 20, 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- Marathahall, Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bengaluru - 560103, Karnataka, India. CIN: 145201KA1995PLC018475 | Tel: +91 80 49320000 | www.sobha.com | Email: investors@sobha.com SOBHA Statement of Deviation / Variation in utilization of funds raised Name of listed entity Sobha Limited Mode of Fund Raising Rights Issues Date of Raising Funds July 11, 2024 Amount Raised 1,999.03 Crore Report filed for Quarter ended 30% June, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable ICRA Limited Is there a Deviation / Variation in use of funds raised Yes/ 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 applicable Explanation for the Deviation / Variation Not applicable Comments of the Audit Committee after review Not applicable Comments of the auditors, if any Not applicable 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 any [INR Crore] | if any [INR for the quarter Crore] ac.cordmg to applicable object 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 June borrowings availed by our 30, 2026 out of which the Company Company has utilised INR Funding certain project related | Not 212.36 - 162.86 Nil 1,829.93 crore towards the expenses for Ongoing Projects | Applicable objects stated in the Letteorf and Forthcoming Projects Offer dated June 12, 2024 Purchase of equipment and | Not 210.03 - 118.95 Nil and INR 169.10* crore is un- machinery Applicable SOBHA LIMITED Regd & Corporate Office: ‘Sobha’, Sarjapur— Marathahalli Outer Ring Road, Bellandur Post, Bengaluru - 560103, India CIN: L45201KA1995PLC018475 | TEL.: +91 80-49320000 | www.sobha.com email id: investors@sobha.com SOBHA Funding acquisition of | Not 658.59 - 658.09 Nil utilized amount as on June unidentified land parcels and | Applicable 30, 2026. general corporate purposes 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 June 30, 2026 Total 1,999.03 1,829.93%% . *Actual unutilized proceed is INR 169.10 Crore which include INR 0.16 Crore of unutilized issue related expenses. Interest income of INR 2.31 Crore from temporary investments has not been included in the unutilized amount. ** The total utilized amount INR 1,829.93 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. FOR SOBHA LIMITE! JAGADISH NANGINENI MANAGING DIRECTOR DATE: 20.07.2026 SOBHA LIMITED Regd & Corporate Office: ‘Sobha’, Sarjapur - Marathahalli Outer Ring Road, Bellandur Post, Bengaluru - 560103, India CIN: L45201KAT995PLCO18475 | TEL.: +91 80-49320000 | www.sobha.com [email id: investors@sobha.com