Date: June 27, 2020 the Deputy Manager Department of Corporate Services, BSE Limited Floor 25, P ..I Towers, Dalal Street, Mumba

SC)BHA ''·\','-ll_!'i i,l ',".'(JI'' Date: June 27, 2020 The Deputy Manager The Manager Department of Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/J, G Block, Floor 25, P ..I Towers, Bandra Kurla Complex, Handra East, Dalal Street, Mumbai -400 001 Mumbai 400 051 Scrip Code: 532784 Scrip Code: SOBBA Dear Sir I Madam, Sub: Outcome of Board Meeting held on .June 27, 2020 A. This is to inform that the Board of the Directors at their meeting held today, 1.e. Saturday, June 27, 2020, have: 1. Approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2020. 2. Recommended dividend of~ 7 per equity share of~ I 0 each subject lo the approval of the rnernbers. 3. Approved alteration of Object Clause of lhc Memorandum of Association of the Company subject lo approval of the Shareholders. 4. Convening lhe Twenty Fitth Annual General Meeting of the Company on Friday, August 07, 2020. B. In this connection, please find enclosed herewith: 1. Audited Consolidated Financial Results for the quarter and financial year ended March 31, 2020 along with the Statutory Audit Report. 2. Audited Standalone Financial Results for the quarter and !inancial year ended March 31, 2020 along with the Statutory Audit Report. 3. Details of the alteration proposed to the Object Clause of the Mernorandum of Association (Please refer Annexure A). 4. Presentation on the Operations and Financial Results in terms of Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. 5. Press Release, the Company intends to disseminate through media. !. ()i l/\l l, : '1!:10 C. Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we hereby declare that the Auditors of the Company have issued their reports with unmodified (i.e. unqualified) opinion on the Financial Statements (Standalone & Consolidated) for the year ended March 3 I, 2020. D. The Board Meeting commenced at 2.00 PM and concluded at 4.30 PM. Kindly take the aforesaid information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. Thanking you. Yours sincerely, FOR SOBHA LIMITED CWJ~- VIGHNESHWAR G BHAT COMPANY SECRETARY AND COMPLIANCE OFFICER Anncxure A (i) The existing Main Objects of Clause IJI (A) be altered by inserting following sub clause Nos. 7 after the existing sub clause No. 6 of Clause III (A) 'THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION'. 7. To act as an agent, middleman, or a broker frlr the purpose of selling, leasing, renting, rental housing or dealing, appraising, maintaining, operating and marketing of any real estate property, land, housing projects, buildings, blokes, flats apartments, bungalows, row houses hutments, industrial estates, factories, workshops godmvns, warehouses, hotels stores, offices, shops places of sports, entertainment, hospitals garages, business premises, plots plotted lands and structures whether Industrial, residential or commercial either individually or as joint venture or collaboration with any other person; Construction and development of real estate, infrastructure projects encompassing activities that range from the renovation and re-·lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others such as residential, commercial, or industrial property either individually or as joint venture or collaboration with any other person and to rent, lease or sell the same and realize cost in lumpsum or easy installrnents or by hire purchase system and otherwise. (ii) The Clause III (B) of the Memorandum of Association of the Company, be renamed as "Clause IJI (B)- MATTERS WHICll ARE NECESSARY FOR FURTHERANCE OF THE OBJECTS SPECIFIED IN CLAUSE lll (A). (iii) To merge appropriate and relevant Objects of the Memorandum of Association, mentioned under Clause III (C) ··· 'Other Objects' with Clause III (B) - MATTERS WHICH ARE NECESSARY FOR FlJRTl IERANCE OF THE OBJECTS SPECIFIED IN CLAUSE III (A) and consequently changing the object numbering as may be appropriate. (iv) The title of the existing Clause Ill C ····"OTHER OBJECTS" to be deleted. BS R & Co. LLP Chartered Accountants Embassy Golf Links Business Park Telephone +91 80 4682 3000 Pebble Beach, B Block, 3rd Floor Fax +91 80 4682 3999 Off Intermediate Ring Road Bengaluru 560 071 India INDEPENDENT AUDITOHS' REPORT To the Board of Directors of Sobha Limited Report on the audit of the Consolidated Annual Financial Results Opinion We have audited the accompanying consolidated annual financial results of Sob ha Limited (hereinafter referred to as the "Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Ciroup"), its joint venture, as listed in Annexurc I, for the year ended 31 Mmch 2020, attached herewith, being submitted by the Holding Company pursuant to the requirement of J~cgulation 33 and Rcgulntion 52 of the SEBJ (Listing Obligntions and Disclosure Requirements) Rcgu lat ions, 2015, as amended ('Listing Regula! ions'). Jn our opinion and to the best or our information and according to the explnnations given to us and bnsed on the consideration of reports of other auditors on separate audited fin;mcial s!<itcmcnts of the subsidiaries and joint venture, the aforesaid consolidated annual financial results: a. include the annual financi;1] results of the entities mentioned in Annexure l; b. ;m; presented in accordance with the requirements ofRegulation 33 and Rcgubtion 52 of the Listing J~cgulntions in this regard; ;mcl c. give a true and fair view in conformity with the recognition nnd rnensurcmcnt principles bid clown in the applicable Indian Accounting Standards, and other accounting principles gcncr;lily accepted in lndia, ofconsoliclntc.cl net prnfit nncl other comprehensive income and other rinanci<li information of the Group and its joint venture for the year ended 31 March 2020. Basis for Opinion We conducted our audit in ;1ccorcl<mcc with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 (''the Act"). Our responsibilities under those SAs arc further described in the Auditor's Responsihi/itics.fiJr the Audit of't/Je Consolidated Annual Financial Results section of our report. We are independent of the Group and its joint venture in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethic;1l requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us along with the consideration of audit reports of the other auditors referred to in sub paragraph (a) of the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results. B S R & Co. (a partnership firm with Registered Office: Registration No. BA61223) converted into 5th Floor, Lodh• Excolus B S R & Co. LLP (a Limited Liability Partnership Apollo Mills Compound N M Joshi Marg, M•h•lakshmi with LLP Registration No. AAB-8161) •••:al.. _u__ .1. ____ ""~i-<- •• - ....... Mumbai 400 011 BS R & Co. LLP INDEPENDENT AUDITORS' REPORT (continued) Management's and Boa rel of Directors' Responsibilities for the Consolidated Annual Financial Results These consolidated annual financial results have been prepared on the basis of the consolidated annu;1l financial statements. The Holding Company's Management and the Board of Directors arc responsible for the preparation nnd presentation of these consolidated annual financial results that give a true and foir view of the consolidated net profit I loss and other comprehensive income and other financial information of the C3roup and its joint venture in accordance with the recognition and measurement principles laid down in Jndian Accounting Standards prescribed under Section 133 of the Act and other nccounting principles generally accepted in India and in compliance with Rcgul<ition 33 and Rcgul<ition 52 of the Listing l~cgulations. The respective Management and Board or Directors of the companies included in the CJroup and its joint venture arc responsible for maintenance of adequate accounting records in ;1ccordancc with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irrcgulari1ics; sclcc1ion :me! applicntion of appropriate :1ccounting policies; making judgments and estimates 1hat are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, tha1 were operating effectively for ensuring accmacy and completeness of the accounting records, relevant lo !he preparation and presentation of the consolidated ;mmwl financial results that give a true and foir view and arc free from nwtcri<il misst;1terncnt, whether clue to fraud or error, which hnvc been used for !he purpose of prcp:m1tion of the consolidated anmwl fin;rncial results by the l\1;inagcmcn1 <mcl the Directors of the Holding: Comp;rny, as aforesaid. Jn preparing the consolidated annual financial results, the Management and the respective Board of Directors or the companies included in the Group and its joint vent urc arc responsible for assessing the ability of each

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