Aurum PropTech Limited has dispatched the notice convening its 13th Annual General Meeting (AGM) and the Annual Report for the financial year 2025-26 to members through electronic mode. This disclosure follows an earlier intimation dated August 20, 2026, regarding the scheduling of the meeting.

The company confirmed that these documents are being sent electronically to all members who have registered their email addresses with the company, its Registrar and Transfer Agent, or Depository Participants. For members without registered email addresses, the company is sending a letter containing a web-link to the Annual Report, in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates

The AGM will be held on Friday, September 18, 2026, via Video Conferencing or Other Audio Visual Means. The cut-off date for determining voting eligibility is Friday, September 11, 2026.

Agenda Items

The meeting will transact both ordinary and special business. Ordinary business includes the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. It also covers the retirement by rotation and reappointment of Mr. Onkar Shetye as Executive Whole-time Director.

Special business involves seeking approval for remuneration to Non-Executive Directors in case of absence or inadequacy of profits. This approval is valid for three financial years, from FY27 to FY30, in addition to standard sitting fees.

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.