SOB H A

November I 0, 20 1 7 To,

The Deputy Manager

Depa1t111ent of Corporate Services, BSE Limited

Floor 25, P .J Towers,

Dalal Street, Mumbai -400 00 I

Scrip Code: 532784

PA S S IOI A l W OR K

The Manager

National Stock Exchange of Ind ia Lim ited Exchange Plaza, Plot No. C/1, G Block, Bandra Ku rla Complex, Bandra East, Mumbai -400 051

Scrip Code: SOBHA

Dear Sir I Madam,

Sub: Outcome of the Board Meeting held on November 10, 2017

This is to inform that the Board of Directors of the Company at their meeting held today took on record the unaud ited financial results for the quarter and half year ended September 30, 20 17.

In this connection, please find enclosed herewith :

I. U naud ited Consolidated Financial Resu lts for the quaiter ended September 30, 20 17 along with the Limited Review Report i n terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regu lations 2015

  1. Unaudited Standalone Financial Results for the quarter ended September 30, 20 17 along with the Lim ited Review Repo1t in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regu lations 2015

  2. Presentation on the Operations and Financial Resu lts in terms of Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements), Regu lations 20 15

  3. Press Release, the Company intends to disseminate through media. The Board Meeting com menced at 2.30 PM and concluded at 4.50 PM.

Kind ly take the aforesa id information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations 20 15.

Thank ing you. You rs sincerely,

FOR SOBHA LIMITED VIGHNESHW AR G BHAT COMPANY SECRETARY AND COMPLIANCE OFFICER

I

SOBl-tA LIMITED (formerly SOBHA DEVELOPERS LTD.)

REGO & CORPORATE OFFICE :"SOBHA'. SARJAPUR .MARATHAHA LLI OUTER RING ROAD (ORR), DEVARABISANAHALLI. BELLANDUR POST BANGALORE .560 103. INDIA I CIN: L4520 1 KA l99SPLCO IB475 I TEL : +91-80-49320000 IFAX :+9 180 49320444 Iwww.sobh .com

B S R & Co. LLP

Cha rtered Accountants

Maruthi Info-Tech Centre 11-12/ 1 Inner Ring Road Koramangala

Bangalore 560 071 India

Telephone +91 80 7134 7000

Fax +91 80 7134 7999

Limited Review Report on quarterly and six months ended una udited consolidated financial results of Sobba Limited pursua nt to Regulation 33 of the SEBI (Listing Obligation s and Disclosure Requirements) Regu lations, 2015

To the Board of Directors of Sobba Limited

We have reviewed the accompanying statement of unaudited consolidated financial resu lts ('the Statement') of Sobha Limited ('the Company ') and its subsidiaries (collectively referred to as 'the Group') for the quarter and six months ended 30 September 20 17 attached herewith, being subm itted by the Company pursuant to the requi rement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requi rements) Regulations, 20 15.

This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on 10 November 20 17. Our responsibil ity is to issue a repo1t on the Statement based on our review.

We conducted our review in accordance with Standard on Review Engagements (SRE) 24 10, "Review of Interim Financial Information Performed by the Independent Auditor of the Enti ty". A review of interim financial informat ion consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedure s. A review i s substantially less i n scope than an audit conducted in accordance with Standards on Auditi ng and consequently does not enable us to obtain assurance that we wou ld become aware of all significant matters that mi ght be identified in an audit. Accordi ngly, we do not express an audit opinion.

The unaudited consol idated financial results for the corresponding quarter and six months ended 30 September 2016 and the aud ited standalone financial results for the year ended 31 March 2017 included in the Statement, were reviewed and audited respectively by the predecessor auditor, whose limited review report dated 4 August 2017 and audit report dated 16 May 20 17 expressed an unmodified opinion on those unaud i ted and aud ited consol idated financial results respectively.

We did not review the financial i n formation of the subsidiari es included in the Statement. These subsidiaries i ncl uding step-down subsid iaries accounted for total assets of Rs 5,390.30 million and revenue from operations of Rs 456.75 m ill ion and Rs I , 134.39 million for the quarter and six months ended 30 September 20 17 respectively and, whose financial information have been reviewed by other auditors and whose reports have been furn ished to us by the Company's Management. Our conclusion on the Statement, in so far as it relates to such subsid iaries is based solely on reports of other auditors.

Based on our review conducted as above, nothing has come to our attention that causes us to bel ieve that the accompanying Statement, prepared in accordance with the applicable accounting standards, i.e., Ind AS prescri bed under section 133 of the Com panies Act, 2013 read with relevant rules issued thereunder and other recogn ised accounti ng pract ices and policies generally accepted i n Ind ia, has not d isclosed the information requi red to be disclosed i n terms of Regu lation 33 of the SEBI (Listi ng Obligations and Disclosure Requirements) Regulations, 20 15 and SEBl circular No. CIR/CFD/FAC/62/20 16 dated

5 July 20 16, includ ing the manner in which it is to be disclosed, or that it contains any ma terial misstatement.

B S R & Co. la partnership firm with Registration No. BA61223) convertedinto

B $ R & Co.LLPla Limited Liability Partnership with LLP Registration No.AAB-8181)

with effect from October 14, 2013

Registorod Office:

5th Floor, Lodha Excelus

Apolo Mills Compound

N MJoshi Marg. Mahalak.shmi Mumbai 400 011

B S R & Co. LLP

Limited Review Report (continued)

We draw attention to Note 6 of the Statement, which states that the Group is in the process of consulting relevant bod ies I com mittee dealing with clarifyi ng matters relati ng to Ind AS for presentation of revenues and corresponding costs for Joint Development Agreements. Our concl usion is not modified in respect of this matter.

for B S R & Co. LLP

Chartered Accountants

IC l Firm registration number: 101248W/W- 100022

Su reet Sachdev

Partner

Membership number: 205385

Bangalore

I O November 20 17

SODHA Lil'vnTED

Curporate Identity Numbe r(CIN) : U520 IKA 1995PLC018475

Rcgd. Office:·soBHA '.SarJapur -M:iralhaJrnlli Outer Ring Road (ORR ). DcYarabisanahalli, DcUandur Po!il, Bangalore ·560 103 Ph: t-9 1 809)20000 Fax: +91-8049320444 Emajl:invcstors@soblm .com

Website:www.sobha.com

St.atement of urmudltcd comolldatcd flnunclul re. uJt, for the quarter and six nxmtll5 ended on September JO, .?Ol7

Particulars

J months ended J0.09.20 17

[Unuudltcdl

Preceding )

months c:nded

J0.06.20 17

(Unauc..li1.:d)

Corre,;;ponding J

months ended

J0.09.2016

[Unaudited]

Yeur to date

{11,;ures for current period ended

JlJ.09.20 17

[Unaudited I

Year to dale

figures for

previous period

ended

30.09.2016 (Unamlilcd )

Previous year

ended

3 1.03.2017

[Auui1cuJ

10

Revenue

(a) Revenue from operations

{b) Other income

(c) Finance income

Totul im.:nmc

E:

(a) Lind purchase cost

(h) Cos1 of raw matcriuls aud components consumed

  1. Purchase of project materials

  2. (Increase)/ det:re:i,;;e I n inventorie of huilding mi.Jlcrials. finished goods.m,ck in trade ·1lais. l,rnd swck and work-in-progress

  3. Ecise duty on sale of goods

  4. Suhcnntmclllr 3.Rd 01her chnrgcs

(:;) Employcc benefits expense

(h) Deprecia tion and amortization

  1. Finance cost

  2. Other expenses Total e:(pemes

Proti1 beforl! exct:ptional item' a.nd iax ( I 2) Exceptional items

Profit before la(3+-1)

T:ix expense

  1. Current tax

  2. Ddi::rred ia.charge/ (credi1)

  3. MAT crcdil entitlement Tot.al tux i::cs

Pront for the period (5-6)

Share of proti.1 of jointly conrrollcd entity

Net profit for the period after share of profit ofjo intly controlled c:nrit y (7-8)

Other comprehensive income

  1. Items that might not lo be reclassified to profit or loss in .subsequent periods:

  2. Rt! nlt!:l.'.ourcm:nt gains/ (losses) on dt:tincd benefit plan (nt:t of tax expensesI

  3. Total other comprehensh•e income

    Tomi Comprthtnsive Income for the period (Comprising Profit ror t

    period (after ta:() and Other Comprehenslvc lncomc (.tftcr tux)) (9+l0)

    Paid-up -.qui1y hare capi1al (Face valut: per jhare ·f 10)

    Other equity

    Earnings Per Share (EPS) ·tin ?)

    a) Basic and diluted EPS before extraordinary items

    h) Basic and diluted EPS after extraordinary ilcn:is

6. 66

29

6.789

14

5.395

16

lJ.255

H

11.108

o

2V 61

58

83

88

111

171

192

328

6.578

6,891

5.522

lJ. 69

11.]40

22.847

IJI

8

230

139

625

7. 130

596

633

424

1.229

811

1.980

1.555

1.601

1.048

3.156

2,193

5,..16:!

118

188

(263)

306

(98)

{7.HO)

40

o

171

U69

1.546

1.537

3,015

2.920

5.888

HS

HI

52

986

915

1.779

137

135

154

272

308

638

513

449

379

962

736

1.497

854

1.072

949

1.926

1 ,776

l.294

5.868

6.163

.910

12.031

10.186

20.399

710

728

612

1,438

1.154

2.-148

710

728

6 12

UJ8

1.154

2.-W

122

193

(108

186

65

220,

JOB 258 IIOR

462

961

207

251

261

458

62

970

503

77

JS I

980

692

1.478

33

51

129

503

477

384

980

743

1.607

(1)

(7)

(8)

(1)

(7)

(8)

746

1.608

LI

502

470

]86

97Z

12

963

963

%3

91,J

963

963

IJ

26.165

25.952

25.027.07

26.165

25.027

25A82

I

5.22

4.95

3.97

10.18

7.63

16.59

5.22

4.95

3.97

10.18

7.63

16.59

(f in milJion>

i

Sobha Limited published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 12:13:04 UTC.

Original documenthttp://www.sobha.com/pdfs/Outcome-of-the-Board-Meeting_Sobha.pdf

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