Mumbai, Oct. 19 -- The board of Sobha at its meeting held on 19 October 2026 has approved acquisition of the fire and safety division of Sobha Projects and Trade (Seller), on a slump sale basis, as a going concern, together with assets and liabilities, employees, contracts, licenses, permits and approvals (Business) (Proposed Transaction). The Proposed Transaction being a related party transaction, is undertaken on an "as is where is" and at an arm's length basis.

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