Aurum PropTech Ltd

Capital / Securities

• Circular resolution on September 29, 2026 allotted 1,97,93,309 shares to REA India Pte Limited for Locon acquisition.
• Issue price ₹231.421 per share (₹226.421 premium) under preferential issue.
• Post-allotment capital increases to ₹48,15,58,691.61.
• Shares rank pari passu with existing shares on a fully diluted basis.

AGM Details

• Date of AGM: 18 September 2026; start 2:00 PM, end 4:00 PM.
• Mode: VC/OAVM.
• Record date: 11 September 2026; shareholders on record: 57,525.
• Attendance via VC/OAVM: 1 promoter and 79 public.

Resolutions Put to Vote

• Item 1 (Ordinary): Adoption of standalone and consolidated financial statements for year ended Mar 31, 2026.
• Item 2 (Ordinary): Re-appointment of Onkar Shetye as Executive Whole-Time Director.
• Item 3 (Special): Remuneration to non-executive directors in case of absence or inadequate profits.
• Item 4 (Special): Variation in the objects of the rights issue.
• Item 5 (Ordinary): Approval of Material Related Party Transactions.

Voting Results

• Item 1: Passed with 99.999% in favour; 0.001% against.
• Item 2: Passed with 99.996% in favour; 0.004% against.
• Item 3: Passed with 99.967% in favour; 0.033% against.
• Item 4: Passed with 99.972% in favour; 0.028% against.
• Item 5: Passed with 99.945% in favour; promoter votes invalid due to RPT.

Director Changes

• Onkar Shetye reappointed as Executive Whole-Time Director.

Auditors

• Auditors' report on annual financial statements approved; no new appointment disclosed.

Material Related Party Transactions

• Resolution 5 approved; related party transactions treated as ordinary; counterparty and value not disclosed.

Other Material Approvals

• Variation in the objects of the rights issue approved.

AGM details

• AGM held on 18 September 2026 at 2:00 PM IST via VC/OAVM.
• Meeting duration 2:00 PM–4:00 PM IST including voting.
• Scrutiniser: Ainesh Kumar Jethwa, PCS.
• Remote e-voting: 14–17 Sep 2026; voting ends 30 minutes post AGM.

Resolutions and outcomes

• R1: Adoption of audited financial statements—passed.
• R2: Appointment of Onkar Shetye as Executive WTD—passed.
• R3: Remuneration to non-exec directors in absence/inadequacy of profits—passed.
• R4: Variation in the objects of the Rights Issue—passed.
• R5: Approval of material related party transactions—passed.

Director changes

• Onkar Shetye appointed as Executive WTD; retires by rotation.

Auditors

• No changes in statutory auditors announced.

Preferential issue and acquisition details

• Acquisition of Locon Solutions Private Limited via private placement of Aurum equity shares.
• Post-issue fully diluted shares rise to 10,48,97,316.
• Proposed allottee for Item 2 is REA India Pte Limited; post-issue 22.91%.
• Promoter Aurum RealEstate Developers Limited to hold 39.89% post-issue.

Regulatory approvals and fund utilization

• EGM August 14, 2026 approved Items 2 and 3.
• Total proceeds ₹118.02 crore.
• Item 1 allocation ₹90 crore for working capital and related uses.
• Item 2 allocation ₹14 crore for strategic acquisitions.
• Item 3 allocation ₹14.02 crore for general corporate purposes.

Financial snapshot

• Total income (consolidated) ₹423.76 crore, up 48.7% YoY.
• Revenue from operations (consolidated) ₹381.09 crore, up 50.8%.
• Net profit after tax (consolidated) ₹72 lakh.
• Debt-to-equity ratio 0.29; net debt ₹207.22 crore.
• Rights issue proceeds ₹337.47 crore.
• Sale of Q5/Q6 buildings for ₹112 crore; prepaid ₹56 crore; debt-free.
• PropTiger acquisition completed; purchase ₹86.45 crore; 42,42,537 shares issued.
• NestAway occupancy ~80%; 9,600+ live units; 2,400+ tenants served.
• Dividend for FY2025-26: not declared.

Segment performance

• Rental revenue ₹200.71 crore; up 27.4% YoY.
• Distribution revenue ₹172.55 crore; up 117.7%.
• Capital revenue ₹7.84 crore; down 51%.
• NestAway: revenue ₹41.15 crore; occupancy ~80%; EBITDA loss narrowed to ₹6.70 crore.
• PropTiger contributed ~₹72 crore in revenue; 350+ member fulfilment team.

AI and ecosystem

• Unified AI architecture across rentals, distribution and capital.
• 850+ developer clients on Analytica; 1,000+ group professionals.
• AI pilots deployed across lead management, pricing, and support.
• KuberX expansion enables AI-driven lender matching and digital loan journey.

Acquisitions & strategic moves

• PropTiger Marketing Services acquired; 100% stake via equity swap.
• 42,42,537 shares issued to REA India Pte, Singapore.
• Integrow reclassified as associate; stake 48.16% as of 31-Mar-2026.
• Aurum PropTech achieved SEBI AMSA SM-REIT registration.

Balance sheet & capital management

• Sale of Q5/Q6 buildings for ₹112 crore aided debt reduction.
• Debt-free status achieved after LRD prepayment; proceeds redeployed to AI initiatives.
• Consolidated equity at ₹60,318 lakh; gearing 0.29.

Governance & CSR

• Governance framework strengthened; ISO certifications noted.
• Business Responsibility and Sustainability Report not applicable.
• CSR not applicable for the year; ANSF ongoing; governance disclosures maintained.

Dividend & shareholder communications

• No dividend declared for FY2025-26.
• Annual Report and AGM communications issued electronically; investor FAQs published.

AGM details

• Date/time: 18 September 2026 at 2:00 PM; mode: VC/OAVM.
• Deemed venue: registered office.
• Notice/record mechanics: notice sent Aug 21, 2026; voting cut-off Sep 11, 2026.
• Remote voting: Sep 14–17, 2026; questions by Sep 15.

Resolutions proposed

• Ordinary: Adoption of standalone and consolidated financial statements for year ended Mar 31, 2026.
• Ordinary: Reappointment by rotation of Onkar Shetye (Executive WTD).
• Special: Remuneration to Non-Executive Directors in case of absence/inadequate profits (FY2026-27 to FY2029-30).
• Special: Variation in rights issue objects to include additional investments and loan repayments.
• Ordinary: Approval of Material Related Party Transactions with Locon.

Voting results

• Past postal ballot results (Apr 25, 2025) for fund-raising items: ~99.99% in favour.
• Postal ballot on variation in rights issue objects: ~99.97% in favour.
• Dividend for FY2025-26: no dividend declared.

Dividend

• Dividend: no dividend proposed or declared for FY2025-26.

Director changes

• Onkar Shetye to be reappointed as Executive WTD.
• Srirang Athalye ceased as Non-Executive Director on 31 Jul 2025.
• Ashish Deora appointed as Non-Executive Non-Independent Director; became Chairman on 23 Apr 2026.
• Ajit Joshi reappointed as Independent Director for a second term from 23 Jul 2026.
• Dr. Ashim Desai and Lakshmi Potluri appointed as Independent Directors from 23 Apr 2026.
• Dr. Padma Deosthali ceased as Independent Director on 22 Jul 2026.
• Sonia Jain resigned as Company Secretary; Pranali Desale appointed 1 May 2026.

Auditors & secretarial

• Statutory auditors: M/s Kirtane & Pandit LLP; appointed for five-year term via Oct 19, 2024 EGM.
• Secretarial auditors: M/s Ainesh Jethwa & Associates; five-year term from FY2025-26.
• Internal auditor: Protune KSA; replaced by Varma & Varma for FY2026-27.

Material related party transactions

• Locon deal: company to extend Inter Corporate Deposits/loan facility up to INR 50 crore for working capital.
• tenor: three years; interest: 12% p.a.; unsecured; after Locon becomes wholly owned subsidiary.
• Thresholds: total proposed INR 5,000 lakhs; ~13.12% of listed entity turnover; arm’s‑length terms.
• Board/NAC and Audit Committee have reviewed and recommended to shareholders.

Other material approvals

• PropTiger Marketing Services acquisition: 42,42,537 shares issued; consideration INR 8,645 lakhs; to REA India; completed.
• SEBI AMSA SM-REIT registration received; supports SM-REIT platform rollout.
• Merger of ASSL with LIV approved; effective 12 June 2026; no immediate financial impact.
• Sale of Q5/Q6 buildings (May 21, 2026) proceeds to prepay LRD; debt-free status achieved.

AGM Details

• AGM date and time: 18 Sep 2026, 2:00 PM IST.
• Mode: VC/OAVM.
• Cut-off date for voting: 11 Sep 2026.