Sobha Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2008, inter alia, has recommended a dividend of Rs 6.50 (65%) per equity share of Rs 10 each for the year ended on March 31, 2008, subject to the approval of the Members of the Company in its ensuing 13th Annual General Meeting of the Company.

Further the Company has informed that, the Register of Members & Share Transfer Books of the Company will remain closed from July 18, 2008 to July 24, 2008 (both days inclusive) for the purpose of payment of dividend.