Sobha Limited Scheduled 31st AGM for July 18, 2026 – Final Dividend Vote
Sobha Limited Schedules 31st AGM for Dividend Vote
Sobha has scheduled its 31st AGM for July 18, 2026, where shareholders are set to consider a final dividend for the financial year ended March 31, 2026. The company plans to seek shareholder approval for a recommended dividend of ₹6 per fully paid equity share of face value ₹10 for the financial year ended March 31, 2026, along with a pro rata dividend on partly paid shares.
Strong FY2026 Performance Underpins Dividend
Sobha achieved record real estate sales of ₹81.36 Bn in FY26, with a saleable area of 5.54 Mn sft across its operating markets. FY26 EBITDA improved to ₹5.03 Bn from ₹4.18 Bn in FY25, while the significant improvement in PAT margin from 2.3% in FY25 to 3.6% in FY26 reflects enhanced operational leverage and disciplined cost management across the business.
Total revenue for FY26 stood at ₹53.84 Bn, up from ₹41.63 Bn in FY25, driven by robust real estate sales and steady contractual and manufacturing contributions. The dividend recommendation reflects this operational momentum and marks a return of capital to shareholders following a period of disciplined reinvestment.
About Sobha Limited
Sobha is a public company based in Bengaluru, founded in 1995 by PNC Menon. Sobha Limited engages in the construction, development, sale, management, and operation of residential and commercial real estate under the Sobha brand primarily in India. It operates through two segments, Real Estate, and Contractual and Manufacturing. The Real Estate segment comprises development, sale, management, and operation of townships and housing projects, as well as leasing of commercial premises. The Contractual and Manufacturing segment is involved in the development of commercial premises and other related activities, as well as manufacturing activities related to interiors, glazing, and metal works and concrete products.
Overall, Sobha has footprint in 25 cities and 13 states across India. The company's developable land bank totals 409 acres across 8 cities, with a development potential of 40.91 Mn sft and Sobha's share at 84.1%.
Capital Deployment and Growth Outlook
Total future marginal cashflow from completed and ongoing projects is estimated at ₹95.60 Bn, with an additional ₹86.99 Bn from forthcoming projects. This cash generation capacity supports both the dividend distribution and ongoing capital deployment for project launches and land acquisitions.
The July 18 meeting will allow shareholders to formally approve the FY2026 dividend and transact other routine corporate matters, building on the developer's momentum in premium residential and commercial segments across India.