Sobha Limited held its 31st Annual General Meeting (AGM) on Saturday, July 18, 2026, at 09:00 A.M. IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in compliance with circulars from the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI), and provisions of the Companies Act, 2013.

Attendance

The meeting was attended by 48 members through VC/OAVM. Directors present included Mr. Jagadish Nangineni (Managing Director), Mr. Nisanth M N (Deputy Managing Director), Mrs. Srivathsala KN (Independent Director), Mr. Raman Mangalorkar (Independent Director), Mr. Subba Rao Amarthaluru (Independent Director), and Mr. Gopal Bhimrao Hosur (Independent Director). Key Managerial Personnel present were Mr. Yogesh Bansal (Chief Financial Officer) and Mr. Bijan Kumar Dash (Company Secretary & Compliance Officer). Statutory Auditors from M/s. Walker Chandiok & Co. LLP were represented by Mr. Manish Agrawal (Partner). Mr. Nagendra D Rao attended as Secretarial Auditor and Scrutinizer for the e-voting process.

Proceedings

The meeting was chaired by Mr. Ravi PNC Menon, Chairman of the Board. Mr. Bijan Kumar Dash briefed attendees on general instructions for the AGM. Mr. Jagadish Nangineni, Managing Director, updated shareholders on the company's operational and financial activities for Financial Year 2025-26. It was confirmed that reports from Statutory and Secretarial Auditors contained no qualifications, observations, or adverse comments.

Resolutions Transacted

The following seven resolutions from the Notice of AGM dated May 04, 2026, were transacted through remote e-voting:

1. Item No. 1 (Ordinary Resolution): Adoption of Standalone Financial Statements for FY ended March 31, 2026, with reports of Board of Directors and Statutory Auditors, and Consolidated Financial Statements for same period with Statutory Auditors' report.

2. Item No. 2 (Ordinary Resolution): Declaration of dividend at ₹6 per fully paid-up equity share of ₹10 each, and pro-rata dividend on partly paid-up equity shares for FY ended March 31, 2026.

3. Item No. 3 (Ordinary Resolution): Re-appointment of Mr. Ravi PNC Menon (DIN: 02070036) as a director liable to retire by rotation.

4. Item No. 4 (Ordinary Resolution): Ratification of remuneration payable to Cost Auditors for FY 2025-26.

5. Item No. 5 (Ordinary Resolution): Re-appointment of Mr. Jagadish Nangineni (DIN: 01871780) as Managing Director for five years and payment of remuneration.

6. Item No. 6 (Special Resolution): Re-appointment of Mr. Raman Mangalorkar (DIN: 01866884) as Non-Executive Independent Director.

7. Item No. 7 (Special Resolution): Issue of Non-Convertible Debentures on Private Placement basis.

Shareholder Interaction and Voting Details

The Chairman invited queries from shareholders, which were answered by the Managing Director and Chief Financial Officer. The company availed e-voting facility through MUFG Intime India Private Limited. The cut-off date for determining eligible shareholders was July 11, 2026. E-voting commenced on July 14, 2026, at 9:00 A.M. and concluded on July 17, 2026, at 5:00 P.M. Members attending the AGM through VC/OAVM were provided facility to e-vote on the MUFG Intime portal during and thirty minutes after the meeting. Mr. Nagendra D Rao was appointed as Scrutinizer for e-voting. Consolidated voting results will be disseminated to stock exchanges and made available on websites of RTA MUFG Intime India Private Limited and the company (www.sobha.com) within two working days from meeting conclusion.

The meeting concluded at 10:15 A.M. on July 18, 2026.