Aurum PropTech Limited has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for August 14, 2026, to provide fuller and more precise disclosures to shareholders regarding two proposed preferential issues. The update, released on August 06, 2026, follows observations from BSE Limited and the National Stock Exchange of India Limited concerning applications made under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The EGM, to be held via video conferencing or other audio-visual means at 2:00 P.M. (IST), will consider resolutions for the preferential allotment of equity shares to REA India Pte Limited and fully convertible warrants to Aurum RealEstate Developers Limited. The corrigendum modifies the explanatory statement annexed to the original notice dated July 21, 2026, pursuant to Section 102 of the Companies Act, 2013, ensuring compliance with regulatory requirements for transparency in pricing and ownership structure.

Shareholding Pattern Changes

The corrigendum inserts the shareholding pattern on a fully diluted basis, accounting for the proposed equity issuance, warrant exercise, and outstanding employee stock options. Post-issue, the total equity capital is projected to rise from 7,67,36,194 shares to 10,48,97,316 shares. Promoter holding is expected to decrease from 47.89% to 39.89%, while public shareholding will increase from 52.11% to 60.11%.

REA India Pte Limited, a foreign body corporate, will see its stake rise significantly from 5.53% (42,42,537 shares) to 22.91% (2,40,35,846 shares) post-issue. The company clarified that no natural person holds direct shares in REA India Pte Limited; it is ultimately owned by News Corporation via REA Group Limited. Consequently, there is no identifiable natural person as the ultimate beneficial owner, and no change in management or control of Aurum PropTech is anticipated.

Object of the Issue and Utilization

The preferential issue of 51,00,000 fully convertible warrants to Aurum RealEstate Developers Limited aims to raise ₹118.02 crore. The proceeds are earmarked for investment in subsidiary companies (₹90.00 crore), strategic acquisitions (₹14.00 crore), and general corporate purposes (₹14.02 crore). The funds for subsidiary investments will support working capital, product development, and business expansion within three years of receipt.

The company confirmed that amounts earmarked for specific objects will not be re-allocated to general corporate purposes. Unutilized proceeds may be temporarily parked in deposits with scheduled commercial banks but will not be invested in high-risk instruments. A valuation report dated July 15, 2026, was voluntarily obtained from CA Jom Jose to ensure transparency in pricing.

Clarifications on Capital Structure

The corrigendum also addresses the difference between the pre-issue shareholding capital and the issued share capital. The pre-issue pattern reflects 7,67,36,194 equity shares as per the Register of Beneficial Owners as on June 30, 2026. This includes 3,83,827 partly paid-up equity shares from a rights issue in May 2022, where call money remains unpaid. Payment of this outstanding call money will not result in additional equity issuance or further dilution.

Aurum PropTech Limited reported its third consecutive profitable quarter in Q1 FY27, driven by a 70.9% year-on-year surge in revenue from operations to ₹111.84 crore. The company also announced a strategic roadmap to render its newly acquired asset, Housing.com, profitable within four to six quarters by leveraging AI-driven efficiencies and cross-platform synergies. This milestone reinforces Aurum’s shift toward structural profitability despite the industry’s typically soft first quarter.

The disclosure was made during an earnings call held on July 21, 2026, and subsequently filed with the BSE and NSE on July 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The call featured insights from senior management, including Non-Executive Chairman Ashish Deora, Executive Director Onkar Shetye, and CFO Kunal Karan.

Financial Performance Highlights

Aurum PropTech delivered robust top-line growth while significantly expanding margins. Total income rose 61.09% year-on-year to ₹119.01 crore. Profit before tax (PBT) stood at ₹2.31 crore, a stark contrast to the loss before tax of ₹10.81 crore recorded in the corresponding quarter of FY26. This represents a 121.37% improvement in PBT, with margins expanding from a negative 16.52% to a positive 2.1%.

Quarter-on-quarter, revenue declined from ₹123.85 crore in Q4 FY26 to ₹111.84 crore. Management attributed this dip to seasonal recognition patterns in the PropTiger business, where brokerage slabs are unlocked later in the financial year based on gross transaction achievements.

Segmental Breakdown

The rental segment contributed ₹54.35 crore in revenue, maintaining an 81% occupancy rate across 21 cities. Both the rental and distribution segments achieved EBITDA profitability, validating the company’s operational discipline. The distribution segment generated ₹55.94 crore, while the capital segment reported a minor loss of ₹0.05 crore against revenue of ₹1.55 crore.

Additionally, the company recognized ₹52.38 crore in other income from discontinued operations, primarily from the sale of a building owned by the company for ₹112 crore. Total revenue from discontinued operations amounted to ₹54.14 crore, yielding a PBT of ₹52.40 crore from these activities.

Housing.com Integration Strategy

A central theme of the quarter was the acquisition of Housing.com, one of India’s largest digital real estate platforms. Management outlined a clear path to profitability for the asset, targeting breakeven within four to six quarters. Currently, Housing.com operates with an annualized burn rate of approximately ₹200 crore.

Ashish Deora emphasized that the integration aims to create a unified operating system spanning discovery, intelligence, transaction, financing, and living. Key strategies include:

• AI Deployment: Embedding AI across all five business layers to optimize productivity and improve revenue per team member.
• Synergy Realization: Leveraging Housing.com’s consumer intent data to drive monetization through Aurum’s transaction and developer technology platforms.
• Cost Optimization: Streamlining management-heavy structures and improving marketing efficiency on social media platforms.

Deora noted that while the internal target is three to four quarters, the public guidance remains conservative at four to six quarters due to the scale of the marketplace. REA Group, which owns 24.9% of Aurum following this acquisition, brings global expertise from markets like Australia and the UK, where similar platforms operate at high margins.

What the Numbers Show

The divergence between the strong profitability in core operations and the significant cash burn at Housing.com highlights a classic growth-versus-efficiency trade-off. While Aurum’s existing businesses demonstrate scalable unit economics with expanding margins, the Housing.com acquisition introduces short-term headwinds. However, management’s confidence in applying its proven turnaround playbook—previously successful with NestAway and PropTiger—suggests that the long-term thesis relies on capturing a larger share of the ₹15 lakh crore residential transaction market. The success of this strategy will depend on executing cost synergies without compromising the brand equity that drives Housing.com’s 58 million monthly visits.