Aurum Proptech Limited appointed M/s. Varma & Varma as its Internal Auditor for the financial year 2026–27 and designated Ms. Pranali Desale as the Nodal Officer for the Investor Education and Protection Fund Authority. The Board of Directors also approved the cessation of Dr. Padma Deosthali as an Independent Director effective July 22, 2026, upon the completion of her tenure. These decisions were taken during its board meeting held on July 20, 2026.

The appointment of M/s. Varma & Varma, Chartered Accountants, was approved pursuant to the applicable provisions of the Companies Act, 2013. The firm, established in 1935, brings over nine decades of experience in audit, assurance, taxation, and risk consulting. It operates a network of nine offices across five states with 35 partners and over 600 professionals. The firm is empanelled with regulatory authorities including the Comptroller and Auditor General of India (CAG), the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI).

Ms. Pranali Desale, the Company Secretary and Compliance Officer of Aurum Proptech , was appointed as the Nodal Officer for verifying claims and coordinating with the Investor Education and Protection Fund Authority. Her contact details were disclosed to facilitate communication with shareholders and regulatory bodies.

Key Appointments and Cessation

The company confirmed that the date for the Annual General Meeting for the financial year ended March 31, 2026, will be communicated to the stock exchanges in due course. The board meeting commenced at 10:00 a.m. and concluded at 12:05 p.m.

Aurum PropTech has approved the acquisition of 100% of the paid-up share capital of Locon Solutions Private Limited, the owner of Housing.com, from REA India Pte Limited for ₹458 crore. The transaction, structured as a share swap, aims to unite the marketplace and transactions into one integrated platform. This strategic move is expected to be completed before September 30, 2026, subject to shareholder and regulatory approvals.

Deal Structure

The Board of Directors approved the issuance of 1,97,93,309 fully paid-up equity shares to REA India at a price of ₹231.42 per share. This preferential allotment will discharge the purchase consideration for the acquisition. Additionally, the board approved the issuance of 51,00,000 fully convertible warrants to Aurum RealEstate Developers Limited, the promoter, at ₹231.42 per warrant.

Financials of Target Entity

Locon Solutions Private Limited reported a turnover of ₹687.46 crore for the financial year 2024-25, based on audited financial statements. The entity operates as a leading real estate marketplace providing property listing services, digital marketing, and lead generation services.

Shareholding Pattern

Post-allotment, REA India’s shareholding in Aurum PropTech will increase to 24.90% from the existing 5.54%. The company will also alter its Articles of Association to incorporate tag-along rights for REA India. An Extraordinary General Meeting (EGM) is scheduled for August 14, 2026, to seek shareholder approval for these transactions.