Aurum Proptech Limited shareholders approved all ordinary and special business resolutions at the company’s 13th annual general meeting held on September 18, 2026. The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs circulars.

The Non-Executive Chairman, Mr. Ashish Deora, chaired the proceedings. Executive Whole-Time Director Mr. Onkar Shetye and Chief Financial Officer Mr. Kunal Karan provided an overview of the company’s operations and financial performance to the members.

Resolutions Passed

Shareholders approved the adoption of audited consolidated and standalone financial statements for the fiscal year ended March 31, 2026. The reports of the Board of Directors and auditors were also adopted.

Mr. Onkar Shetye was reappointed as a director after retiring by rotation. The company sought approval for remuneration payment to non-executive directors in case of absence or inadequacy of profits, as per the Companies Act, 2013.

Special Business Items

Members approved a variation in the objects of the rights issue. The meeting also sanctioned material related party transactions. All resolutions passed with the requisite majority.

Voting Process

Remote e-voting was available from September 14, 2026, at 9:00 am to September 17, 2026, at 5:00 pm via the NSDL platform. Voting at the meeting remained open for 30 minutes post-conclusion. M/s. Kirtane & Pandit LLP served as statutory auditors, while Mr. Ainesh Kumar Jethwa acted as secretarial auditor and scrutinizer.

Aurum Proptech has issued additional disclosures to clarify the shareholding pattern and capital utilisation for its proposed acquisition of 100% stake in Locon Solutions Private Limited. The company filed these explanatory disclosures with stock exchanges following queries related to its earlier preferential issue approvals.

The disclosures relate to resolutions approved by members at an extraordinary general meeting held on August 14, 2026. They provide further details on the identity of allottees and the chain of ownership without altering the terms previously approved by shareholders.

Shareholding Pattern Changes

The filing outlines the shift in shareholding structure before and after the proposed preferential issue, including the fully diluted impact of employee stock options and convertible warrants.

REA India Pte Limited, a foreign body corporate, will see its holding increase significantly from 5.56% to 22.91% on a fully diluted basis. This increase stems from the allotment of shares as part of the preferential issue mechanism.

Capital Utilisation Plan

The company plans to utilise gross proceeds of ₹118.02 crore from the preferential issue of fully convertible warrants allotted to its promoter, Aurum RealEstate Developers Limited. The funds are earmarked for investment in subsidiaries, including the newly acquired Locon Solutions Private Limited, within three years of receipt.

The working capital allocation constitutes the largest single component at ₹45.00 crore, followed by equal allocations of ₹20.00 crore each for product development and business expansion. These investments will support existing subsidiaries such as Helloworld Technologies India Private Limited and NestAway Technologies Private Limited.

What the Numbers Show

The significant rise in REA India Pte Limited’s holding to nearly 23% indicates a substantial consolidation of foreign institutional interest alongside the promoter group’s continued dominance. With promoters retaining a 39.89% stake post-dilution, control remains concentrated while integrating new capital for ecosystem expansion.