.......... uilllllil

SOBHA

November 9, 20 18

To

The Deputy Manager

Department of Corporate Services, BSE Limited

Floor 25, P.J Towers,

Dalal Street, Mumbai ··· 400 00 I

Scrip Code: 532784

The Manager

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051

Scrip Code: SOBHA

Dear Sir I Madam,

Sub: Outcome of Board M(~eting held on November 9, 2018

This is to inform that the Board of the Directors at their meeting held today, i.e. Friday, November 9, 2018, have took on record the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 301h September, 2018.

A. In this connection, please find enclosed herewith:

I. Unaudited Consolidated Financial Results for the quarter and half year ended 3011! September, 2018 along with the Limited Review R.eport.

2. Unaudited Standalone Financial Results for the quarter and halfyear ended 301h September, 2018 along with the Limited Review Report

3.

Presentation on the Operations and Financial Results in terms of Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

4. Press Release, the Company intends to disseminate through media.

The Board Meeting commenced at 2.30 PM and concluded at 5.00 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

~~~Q--·

VIGHNESHWAR G BHAT

COMPANY SECRETARY AND COMPLIANCE OFFICER

II<>r:

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B S R & Co. LLP

Chartered Accountants

Maruthi Info-Tech Centre 11·12/1 , B Block. 2nd Floor Inner Ring Road. Koramangala Bangaloro 560 071 India

Telephone +91 80 7134 7000

Fax

+91 80 7134 7999

Limited review report on unaudited quarterly consolid:1tcd financia l res ults and conso lidated year-to- date results (for companies other th:m banks, NBFCs and ins urance companies) purs uant to Regu lation 33 and 52 of the Listing Regulations

To

Doard of Directors of So bha Limited

W e have reviewed the acco mpany ing stateme nt of unaudited consol idated financial resu lt s (the 'S tatement' ) ofSo bha Limited ( the 'Company'), i ts subsidiaries (co ll ective ly referred to as 'theG roup') ancl its joint venture for the quar ter ended 30 September 2018 and the yea r- to-elate res ults for the peri od from I Apri I 2018 to 30 Se ptember 2018 attached herewith, bein gsubmitted by the Company pursuant to the requirements of Regu lation 33 and 52 o f the SEB I ( Li stin g Obligati ons and Disc losure Requirem ents) R egulati ons, 201 5 ( ' Li sting Regul ations').

T hi s Statement is the responsibi l ity of the Company 's Mana gement and has been approved by I he Board of Directors. Our responsibility is to i ssue a report on these unaudited co nso lidated financia l results based

  • o n o ur review.

We conducted o ur rev iew in accordan ce w i th the Stand ard on Revi ew Engage ment (SRE) 24 10, Re view of Int erim Financialln.formation P e1jormed by the Independent Audi/Or r~f the t:ntily spec ifi ed under secti on 143( I 0) of l he Compani es A c t, 20 13. Thi s standnrd req uires that we plan and perform th e rev i ew to ob tain m oderate nssurance as to whether the unaudited co nso lida ted finan cia l results arc free of material mi sstatement. A rev iew is limited primarily to inquiries o f company personnel and analy ti ca l procedures applied to financ ial data and thus provides l ess assurance than an audit. W e have not perform ed an audit and accordi ngly, we do not express an audit opinio n.

W e did not revie'vv th e tinancial in lbrmati on o f 13 subsidi ari es and step down subsid i ari es included in the statement of unaud ited consolidated fi nanc ialresu lts, whose unaudited financial information renect to tal

revenue

ofRs 223 million and Rs 801 million before gi ving effect to conso lidation adjustments lor the qLiarter ended 30 September 20 18 and peri od from J Apri l 2018 to 30 September 20 18, res pecti ve ly and tot al assets of Rs 6,646 mil lion before giving erfect to co nso lid ati on adjustments as at 30 September 20 18. Th is unaudited linanc ial information has been reviewed by other auditors w hose reports have been furnished to us, and our conc lusion on the unaudited consolidated financial res ul ts and the year-to-date resul ts, to the exten t they have bee 11 derived from such unaudited financi al informati on is based solel y on the report of such other auditors. O ur conclusion is not modi fi ed in re spect of such matter.

The unaudited consol i dated financial resul ts al so include the Group's share o f net profit and other comprehensive income of Rs Nil for the quarter ended 30 September 20 18 and period from I April 2018 to 30 September 20 18 in respect ofjoint ve nture. Ou r conclusion on the unaudited conso li dated !inancia l results and the year-to-date results, to the extent they have been derived from such unaudited fi nancial in lb rm ati on i s based solely on the M anage ment accounts. Our conclusioni s not modi tied in respect ofsuch matter.

B S A & Co Ia partnership l"m wrth Roo•slrOiron No. BA612231 convened "'10

~.~.~~=.'~~ ~:~~:,:.,

B !: R & Co LLP 13 Liri'litod Liabrlltv Partnerslllp with LLP Rog1strauon No. AAB-81811

APOllo Mrllt Compovnd

N M Joshi Mnrg, M lllola~ShMt Munt>.t 400 IJ II

Wrth o lloet 11om October 14, 2013

B S R & Co. LLP

Lim ited rev iew rcpo1·1 (continued)

13 ased on our review conducted as above, not hing ha s co me to our attenti on that causes us to be l i eve that the fi Cco mpanyi ng st atement or unaudited co nso l idated fi nancial result s prepa red in accord ance wi th ap pl icab le accountin g standard s i.e. lnd 1S prescribed under Sec ti on 133 or th e Co mpa ni es Act, 20 13 and other recogni sed a c~.:o unti ng practi ces and pol icics has not di sc losed the in formati on required to be di sc losed in term s o U~ eg u l ati o n 33 and 52 of the Li sting Regulations includin g the mann er in w hi ch it is to be disc losed, or th at it contains any material mi sstatement.

for B S R & Co. LLP

Chartered !lcc.:ountunts

ICA1 l'innregistration number: 10 1248W/W-100022

Su~:::.:~~

Partner

M embership num ber: 205385

Bangalore

9 November 20 18

2

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Sobha Limited published this content on 09 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2018 12:33:04 UTC