Aurum PropTech

Aurum PropTech Limited confirmed no deviation in the use of proceeds from its Rights Issue for the quarter ended September 30, 2025. The company raised Rs. 334.18 crore net through a rights issue with fund-raising periods from April 2022 to April 2025. The funds were allocated across four areas: Product Development (Rs. 37.5 crore), Product Marketing (Rs. 31 crore), Identified Investments (Rs. 156.70 crore), and Funding Inorganic growth initiatives and general corporate purposes (Rs. 113.87 crore). Out of total net proceeds of Rs. 339.07 crore, Rs. 267.79 crore has been utilized with Rs. 71.28 crore remaining unutilized. The company allotted 4,24,93,786 equity shares aggregating to Rs. 341.24 crore, with Rs. 1.92 crore remaining unpaid by shareholders. A surplus of Rs. 1.55 crore was reported, attributed to investment income on unutilized proceeds and interest from delayed shareholder payments. CARE Ratings Limited serves as the monitoring agency.

Aurum PropTech Limited's board approved two strategic transactions. The company will divest a 0.60% equity stake in Integrow Asset Management Private Limited for INR 0.65619 crore to five buyers including Renaissance Value Creation Advisors LLP and individual investors. The sale agreement was executed on October 16, 2025, with completion expected within 15 days. Additionally, Aurum PropTech has temporarily suspended its majority control rights on Integrow's board from July 1, 2025, to March 31, 2026, with the option to withdraw this suspension anytime. Separately, the company approved acquiring an additional 8.2% equity stake in K2V2 Technologies Private Limited for up to INR 6.33 crore through cash consideration. This acquisition will increase Aurum PropTech's shareholding in K2V2 to 90.14%, strengthening its control over the PropTech subsidiary. K2V2 operates in software development and technology products, serving 650+ developers through its flagship product Sell.do, with a turnover of INR 26.64 crores as of March 31, 2025.

Aurum PropTech achieved profitability in Q2 FY26, marking its first profitable quarter. The company reported total income of ₹87.66 crores, representing 30% year-over-year growth from ₹67.61 crores. Key financial improvements included PBT margin of -8% (improvement of 993 basis points from -18%), EBITDA margin of 30% (improvement of 860 basis points from 22%), and adjusted EBITDA margin of 3% (improvement of 733 basis points from -4%). The Distribution business grew 62% year-over-year, with Sell.do closing 170+ enterprise deals and adding 1,400+ new licenses, while implementing AI-led features that improved engineering efficiency by 35%. Aurum Analytica sold 95,000+ leads with 53% year-over-year growth and expanded to 5 new cities. The Rental business demonstrated 25% year-over-year growth with ₹54 crore total income. HelloWorld operates 19,102+ beds across 250+ properties with 73% average occupancy, while NestAway achieved 4x growth in monthly revenue run-rate and launched operations in the U.A.E. The Capital business continued strategic assessment of SM-REIT supply across key micro-markets. Executive Director Onkar Shetye attributed the results to disciplined growth across all verticals and technology-driven innovation.