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Sobha Limited — AGM Information 2025
Jul 24, 2025
61956_rns_2025-07-24_aef0e627-5eb6-4f92-baff-be9347b9921b.pdf
AGM Information
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Date: July 24, 2025
The 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 & 750873 Scrip Code: SOBHA & SOBHAPP
Dear Sir/Madam,
Sub: Proceedings of the 30[th] Annual General Meeting (AGM) held on July 24, 2025
The 30[th] Annual General Meeting ("AGM") of the members of Sobha Limited (“the Company”) was held on Thursday, the 24[th] day of July, 2025 at 3:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting was held in compliance with the General Circulars issued by the Ministry of Corporate Affairs (‘MCA’) and circulars issued by the Securities and Exchange Board of India (‘SEBI’) and as per the applicable provisions of the Companies Act, 2013 and the Rules made thereunder.
In compliance with the provisions of Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013 and relevant rules made thereunder, the Company had availed e-voting facility from MUFG Intime India Private Limited to enable members to exercise their vote for the resolutions stated in Notice of the Annual General Meeting. The Company had intimated July 17, 2025, as the cut-off date for determining the shareholders who would be eligible to cast their vote. The e-voting began on July 21, 2025, at 9:00 A.M. and ended on July 23, 2025, at 5:00 P.M. Further, those members who participated at the Annual General Meeting through VC / OAVM facility were provided with the facility of e-voting to cast their vote on MUFG Intime portal during and after thirty minutes of the Meeting.
The Company had appointed Mr. Nagendra D Rao, Practicing Company Secretary, as the Scrutinizer for e- voting.
A total of 52 members were present at the meeting through video conferencing or other audio-visual means.
Mr. Ravi PNC Menon, Chairman of the Board chaired the Meeting. The Chairman welcomed the Shareholders to the meeting and introduced the Directors, Key Managerial personnel and other invitees to the meeting.
SOBHA LIMITED
Registered & Corporate Office: ‘ Sobha’, Sarjapur – Marathahalli Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru – 560103, India CIN: L45201KA1995PLC018475 | TEL.: +91 80-49320000 | www.sobha.com |email id: [email protected]
DIRECTORS/KMPS/AUDITORS PRESENT THROUGH VC/OAVM:
Directors
| S. No. | Name of the Director | Designation | |||
|---|---|---|---|---|---|
| 1 | Mr. Ravi PNC Menon | Chairman and shareholder | |||
| 2 | Mr. Jagadish Nangineni | ManagingDirector and shareholder | |||
| 3 | Mr. Nisanth M N | DeputyManagingDirector | and shareholder | ||
| 4 | Mrs. Srivathsala KN | Independent Director, |
Chairperson | of | Stakeholder |
| Relationship Committee and Corporate Social | Responsibility | ||||
| Committee | |||||
| 5 | Mr. Raman Mangalorkar | Independent Director, shareholder and Chairman of Audit | |||
| Committee, Nomination, | Remuneration | and | Governance | ||
| Committee | |||||
| 6 | Mr. Subba Rao Amarthaluru | Independent Director, Chairman of Risk | Management | ||
| Committee | |||||
| 7 | Mr. Gopal Bhimrao Hosur | Independent Director |
Key Managerial Personnel
| S. No | Name | Designation | ||||
|---|---|---|---|---|---|---|
| 1 | Mr. Yogesh Bansal | Chief Financial Officer | ||||
| 2 | Mr. Bijan Kumar Dash | Company Secretary |
& | Compliance | Officer | and |
| shareholder |
Auditors Present
| S. No | Name |
Designation |
|---|---|---|
| 1 | Mr. Manish Agrawal | Partner- M/s. Walker Chandiok & Co. LLP,Statutory |
| Auditors | ||
| 2 | Mr. Nagendra D Rao | Secretarial Auditor and Scrutinizer for conducting the |
| e-voting process |
Mr. Bijan Kumar Dash, Company Secretary and Compliance Officer, briefed the general instructions for attending the Annual General Meeting.
Mr. Jagadish Nangineni, Managing Director, addressed the shareholders and updated the operational and financial activities of the Company for the financial year 2024-25.
It was stated that the Reports from the Statutory and Secretarial Auditors did not contain any qualifications, observations, or comments and with the consent of the Members, the Auditor's Report and Notice of the Meeting were taken as read.
SOBHA LIMITED
Registered & Corporate Office: ‘ Sobha’, Sarjapur – Marathahalli Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru – 560103, India CIN: L45201KA1995PLC018475 | TEL.: +91 80-49320000 | www.sobha.com |email id: [email protected]
The following items of business, as per the Notice of AGM dated May 29, 2025, were transacted at the meeting through remote e-voting:
| Details of the Agenda | Type of Resolution |
|---|---|
| (Ordinary/Special) | |
| Item No.1: | |
| To consider and adopt: |
Ordinary Resolution
(a) The standalone financial statements of the Company for the financial year ended March 31, 2025, together with reports of the Board of Directors and the Statutory Auditors thereon.
(b) The consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the report of the Statutory Auditors thereon.
Item No. 2:
To declare dividend at the rate of ₹ 3/- per equity share of ₹ 10/- (Rupees Ten Ordinary Resolution only) each fully paid-up shares of the Company and pro-rata dividend on partly paid-up equity shares for the financial year ended March 31, 2025.
Item No. 3:
Reappointment of Mr. Jagadish Nangineni (DIN: 01871780), as a director liable Ordinary Resolution to retire by rotation.
Item No. 4:
Appointment of Nagendra D Rao & Associates LLP, Practicing Company Ordinary Resolution Secretaries (Firm Registration No. AAK – 4698, Peer review Certificate No. 5827/2024) as the Secretarial Auditors of the company for a period of 5 (five) years.
Item No. 5:
Ratification of remuneration payable to Cost Auditors of the Company for the Ordinary Resolution financial year 2024-25.
Item No. 6:
Issue of Non-Convertible Debentures on Private Placement basis. Special Resolution
The Chairman invited the queries from the shareholders. The questions raised by the members who had registered as Speaker Shareholders were answered appropriately by the Managing Director and Chief Financial Officer of the Company.
SOBHA LIMITED
Registered & Corporate Office: ‘ Sobha’, Sarjapur – Marathahalli Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru – 560103, India CIN: L45201KA1995PLC018475 | TEL.: +91 80-49320000 | www.sobha.com |email id: [email protected]
The Chairman informed that, based on the Scrutinizer's Report, the consolidated voting results would be disseminated to the Stock Exchanges on which Company's equity shares are listed, and also will be available on the website of Registrar and Transfer Agents (RTA) MUFG Intime India Private Limited and the Company's website at www.sobha.com within two working days from the conclusion of the Meeting.
The Chairman thanked all the Shareholders present in the meeting for their continued support and for attending the Annual General Meeting and the meeting concluded at 04:07 P.M. with a vote of thanks.
Further, the details in accordance with SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November 2024 is enclosed as Annexure-A .
Yours sincerely,
FOR SOBHA LIMITED
Digitally signed by Bijan Kumar Bijan Kumar Dash Dash Date: 2025.07.24 17:57:56 +05'30' Bijan Kumar Dash Company Secretary & Compliance Officer ACS No. 17222
SOBHA LIMITED
Registered & Corporate Office: ‘ Sobha’, Sarjapur – Marathahalli Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru – 560103, India CIN: L45201KA1995PLC018475 | TEL.: +91 80-49320000 | www.sobha.com |email id: [email protected]
Annexure A
Details as required in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November 2024:
| 1. Date of the Meeting | July24,2025 |
|---|---|
| 2. Brief details of items deliberated | The results of remote e-Voting and e-Voting during the 30th |
| and results thereof | Annual General Meeting (AGM), on the resolutions as set out |
| at Item Nos. 1 to 6 of the Notice of the AGM, will be submitted | |
| with the stock exchanges separately, in the format prescribed | |
| under Regulation 44 of the ListingRegulations. | |
| 3. Manner of approval proposed | The Company provided remote e-Voting facility to the |
| for certain items (e-voting etc.) | members to exercise their votes electronically from Monday, |
| July 21, 2025, at 9:00 a.m. (IST) and ended on Wednesday, | |
| July 23, 2025, at 5:00 p.m. (IST) on the resolutions as set out | |
| at Item Nos. 1 to 6 of the Notice of the AGM. Members who | |
| participated at the 30thAGM through VC/ OAVM facility and | |
| had not cast their votes on the Resolution(s) using remote e- | |
| Voting, and who were otherwise eligible, were provided facility | |
| to e-Vote on the MUFG portal during the AGM and thirty | |
| minutes after the conclusion of the Annual General Meeting. |
SOBHA LIMITED
Registered & Corporate Office: ‘ Sobha’, Sarjapur – Marathahalli Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru – 560103, India CIN: L45201KA1995PLC018475 | TEL.: +91 80-49320000 | www.sobha.com |email id: [email protected]