Aurum Proptech shareholders approved four special resolutions at its Extraordinary General Meeting (EGM) held on August 14, 2026. The key approvals include the acquisition of a 100% stake in Locon Solutions Private Limited through a preferential issue of equity shares and the issuance of fully convertible warrants to promoter Aurum RealEstate Developers Limited.

The EGM, attended by 61 shareholders via video conferencing, saw all resolutions pass with near-unanimous support from voting participants. Promoter group members voted in favor of all resolutions where they were not interested parties, while abstaining from the warrant issuance resolution due to their interest.

Voting Results Overview

The voting process was scrutinized by Ainesh Jethwa & Associates. A total of 58,054 shareholders were on record as of August 7, 2026. Of these, 44,060,932 shares were eligible for voting. The promoter group holds 36,748,355 shares (83.4% of total equity), while public non-institutional investors hold 7,288,011 shares.

Note: For the warrant issuance resolution, the promoter group (36,748,355 shares) abstained from voting as they are interested parties.

Key Resolutions Approved

Acquisition of Locon Solutions: Shareholders approved the acquisition of 100% stake in Locon Solutions Private Limited via preferential issue of equity shares on a private placement basis. This resolution received 99.99% affirmative votes from those who polled. Public institutional investors voted unanimously in favor, while public non-institutional investors voted 99.98% in favor.

Preferential Issue of Warrants: The company secured approval for the preferential issue of fully convertible warrants to Aurum RealEstate Developers Limited, the company's promoter. Since the promoter was an interested party, it refrained from voting. The resolution was decided by public shareholders, with 99.98% voting in favor. Public institutions voted 100% in favor, while public non-institutions voted 99.98% in favor.

Section 186 Approval: Shareholders granted approval for loans, investments, guarantees, or securities in excess of prescribed limits under Section 186 of the Companies Act, 2013. This resolution saw 99.94% support from voters. Notably, public institutional investors showed dissent, with 96.99% voting against the resolution, whereas public non-institutional investors voted 99.99% in favor.

Alteration of Articles: The final resolution approved alterations to the Articles of Association of the company, passing with 99.99% support from all voting categories.

What the Numbers Show

The voting pattern reveals a distinct divergence between institutional and retail/non-institutional public shareholders regarding the Section 186 mandate. While non-institutional public shareholders overwhelmingly supported the expanded borrowing/investment powers (99.99% in favor), public institutional investors strongly opposed it (96.99% against). This suggests institutional caution regarding the company's leverage capacity or related-party transaction risks, despite broad retail support for the strategic acquisitions and capital restructuring plans.

The high level of participation from the promoter group (100% of their shares voted) across all non-interested resolutions indicates strong promoter alignment with the board's strategic direction for the Locon acquisition and corporate restructuring.

Aurum Proptech has disclosed a change in statutory auditors for two of its material subsidiaries, following the resignation of MSKA & Associates LLP with effect from August 06, 2026. The development was communicated to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Auditor Resignation Across Two Material Subsidiaries

MSKA & Associates LLP (ICAI Firm Registration No. 105047W/W101187), formerly known as M S K A & Associates, has resigned as the statutory auditor of both Aurum Analytica Private Limited and Helloworld Technologies India Private Limited, material subsidiaries of Aurum Proptech Limited. The resignation is effective August 06, 2026, and has been described as part of an internal alignment of statutory auditors across the Aurum Group.

The key details of the auditor's association with each subsidiary are summarised below:

Reason for Resignation

In resignation letters addressed to the respective Boards of Directors, MSKA & Associates LLP stated that the management of the Aurum Group communicated via email dated April 15, 2026, its intention to align the auditors of the subsidiaries with the auditors at the Group level from the financial year ended March 31, 2027. The firm confirmed there were no concerns, no management-imposed limitations on audit evidence, and no other material reasons beyond the stated internal realignment.

Both resignation letters were signed by Udit Brijesh Parikh, Partner, Membership No. 151016, and were issued from Mumbai on August 06, 2026.

Replacement Auditor Proposed

Following the resignation, Kirtane and Pandit, who serve as the statutory auditors of Aurum Proptech Limited, are proposed to be appointed as the statutory auditors of both Aurum Analytica Private Limited and Helloworld Technologies India Private Limited. The appointment is subject to applicable approvals and compliance with the provisions of the Companies Act, 2013.

Key Highlights

• Resigning Auditor: MSKA & Associates LLP (ICAI Firm Reg. No. 105047W/W101187)
• Subsidiaries Affected: Aurum Analytica Private Limited and Helloworld Technologies India Private Limited
• Resignation Effective: August 06, 2026
• Reason: Internal alignment of statutory auditors across the Aurum Group
• Proposed Replacement: Kirtane and Pandit, subject to applicable approvals
• No concerns or audit limitations were cited by the resigning auditor

The disclosure was signed by Pranali Desale, Company Secretary & Compliance Officer of Aurum Proptech Limited, on August 06, 2026.