Sobha Ltd

As we commemorate 30 Years of Passion at Work, we reflect on decades of precision, quality and trust that have underpinned SOBHA's growth. Our heritage of meticulous delivery has set an enduring standard. Through this consistency, SOBHA has come to define the experience of luxury, craftsmanship, and precision. This ethos has helped us drive sustained performance, navigate market shifts and build lasting relationships.

India's rise as one of the world's fastest-growing major economies has created the environment in which SOBHA has steadily grown. Structural reforms, rapid urbanisation, and policy continuity have fuelled a housing up-cycle that we have met with disciplined execution. This positions us to contribute meaningfully as India moves toward becoming the world's third- largest economy by 2030. Our process-driven systems ensure we are equipped to meet this demand. Our backward-integration approach, refined over 30 years, delivers consistency across excellence, cost control and timeliness.

In FY25, we launched eight projects totalling 8.76 million sq ft and maintained a delivery run-rate of 7.21 million sq.ft of developable area. Timely handovers enabled accelerated collections, resulting in the highest-ever operating cash inflow of Rs.61.84 Bn. This empowers our strategic investments and upcoming launches.

With this financial strength in place, our commitment to fulfilling homebuyer aspirations remains unwavering.

In FY25, homes priced Rs.3 crore and above accounted for 45% of our sales value. This demand spans both established and emerging markets, with our Rs.3-5 crore offerings in Kochi, GIFT City, Pune, Hyderabad and Bengaluru receiving strong off-take. The ultra-premium Rs.5 crore-plus category alone contributed 29% of our sales mix. Average price realisation rose 22.8% to Rs.13,412 per sq ft.

These accomplishments-and the confidence they inspire-set the stage for a disciplined year of reflection and progress. Our focus on process-driven systems, innovation and customer-centricity has been the bedrock of our journey. These pillars have led us to expand our horizons, set new records and draw inspiration from our achievements. We chose a demanding path, fully aware of its challenges. It is this unwavering commitment to uncompromising standards that led SOBHA to become the first Indian real estate company to earn ISO 9001 certification in 1998.

From delivering India's largest monolithic structure- the Global Education Center (GEC II) at Infosys, Mysuru in 2009-to executing the world's thinnest shell structure at the JSVK Convention Centre in Bengaluru in 2024, we have continually redefined the frontiers of timeless construction. In 2015, we installed India's largest on-site precast plant at Sobha Dream Acres, accelerating construction by 20%-a testament to our innovation-first approach.

SOBHA Museum-India's first experience centre of its kind-captures our end-to-end standards journey and reflects the transparency of our processes, reinforcing the confidence customers place in us. SOBHA Academy-India's only in-house training centre within the real estate industry-builds deep expertise to uphold our exacting standards.

Our backward-integration model is not merely a Harvard case study; it is the foundation of who we are and what propels us. Our business framework-with in-house manufacturing units, a complete design-to- delivery format, 1,456 compliance checkpoints and detailed protocols-comes with its own challenges.

At times, unforeseen global and economic forces have tested even the most rigorous operations.Yet our unwavering adherence to this integrated approach and no-shortcuts-to-quality ethos has ensured we continue to deliver with consistency and distinction.

Beyond our business achievements, SOBHA's foundational purpose compels us to uplift the communities we serve. Guided by the 'Joy of Giving', our CSR arm educated over 1,170 underprivileged children and delivered free healthcare to more than 33,450 individuals in the past year. The "1,000 Families, 1,000 Homes" initiative, launched in 2022, has already handed over 230 homes, free of cost, to deserving families. This commitment complements our financial discipline, underscoring a balanced pursuit of profit and purpose.

SOBHA's public listing in 2006-through an IPO oversubscribed 126x-marked a pivotal moment in our journey. In FY 2025, we raised Rs.20 billion through a rights issue that once again reflected strong market trust. We thank our shareholders for their unwavering support in making this a success. Today, we stand as a zero net-debt enterprise. The capital strength, supported by fresh equity totalling Rs.45.6 billion, positions us to pursue future growth opportunities.

Our values, beliefs, and consistent practice of these principles ensure we continue to earn customer and investor confidence.

Today, SOBHA stands as India's most trusted and admired real estate brand. As we build on this foundation, FY26 will see us deepen our presence in core markets while strategically entering new ones, including Mumbai and Greater Noida. As we look to the years ahead, our drive to innovate and excel remains steadfast. We thank our shareholders, customers, and partners for their confidence; together, we carry our passion forward into the decades to come.