Aurum PropTech Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, providing crucial updates on its proposed acquisition of PropTiger Marketing Services Private Limited. The EGM, scheduled for August 21, 2025, will consider the acquisition through a preferential issue of equity shares.

Key Points of the Corrigendum

1. Preferential Share Allotment: REA India Pte Limited, Singapore, is set to be allotted 42,42,537 shares, representing a 5.5% post-issue shareholding in Aurum PropTech.

2. Ownership Structure: REA India is owned by REA Group Limited (ASX: REA), which is a subsidiary of News Corp (NASDAQ: NWS).

3. Management and Control: The corrigendum clarifies that there will be no change in management or control of Aurum PropTech following the preferential issue.

4. Open Offer: The preferential issue does not trigger open offer obligations under SEBI regulations.

5. Lock-in Period: The newly issued shares will be subject to lock-in periods as per SEBI regulations.

6. Valuation Report: A corrigendum to the valuation report dated August 18, 2025, by Nishant Soni & Associates has been provided.

Voting Modification

Shareholders who have already cast their votes can modify them by emailing the scrutinizer at ainesh@csaineshjethwa.com before 5:00 P.M. on August 20, 2025.

Additional Details

• The EGM will be held through video conferencing/other audio-visual means at 2:00 P.M. (IST) on the scheduled date.
• The corrigendum and related documents are available on the company's website at https://www.aurumproptech.in/investor/general-meeting .

This clarification provides shareholders with updated information crucial for decision-making regarding the PropTiger acquisition. The move appears to be part of Aurum PropTech's strategy to expand its presence in the property technology sector.

Aurum PropTech Limited , a leading property technology company, has reported strong financial results for the first quarter of fiscal year 2026, along with significant strategic developments that position the company for future growth.

Robust Financial Performance

For Q1 FY2026 ended June 30, 2025, Aurum PropTech achieved:

• Total revenue growth of 29% year-on-year
• Revenue from operations of ₹68.40 crore
• Profit margin expansion of 852 basis points
• EBITDA margin growth of 826 basis points
• EBITDA of 28.4%, up from 17.4% in the corresponding period of the previous year

The rental segment continued to be a major contributor to the company's top line:

• Accounted for 70% of total revenue at ₹47.84 crore
• Registered a 31% year-on-year growth

Strategic Acquisitions and Partnerships

Aurum PropTech made significant moves to strengthen its market position:

1. Acquisition of PropTiger:

   • Acquired from REA India Pte. for a 5.5% stake in the company
   • PropTiger brings:
     • Over 300 developer relationships across 8 cities
     • A team of more than 350 professionals
   • Expected to accelerate Aurum PropTech's path to achieving ₹1,000 crore in revenue

2. Strategic Partnership:

   • REA Group, a US $20 billion Australian company majority-owned by News Corp, has become a strategic shareholder in Aurum PropTech (subject to regulatory approvals)

Regulatory Milestone: SM-REIT License

Aurum PropTech has received the Small and Medium Real Estate Investment Trust (SM-REIT) registration from the Securities and Exchange Board of India (SEBI) through its subsidiary AMSA Investments.

Capital Raising and Future Outlook

• Successfully completed rights issue, raising ₹341.29 crore across three tranches
• Projections:
  • Revenue of ₹550-575 crore by FY27 for operational breakeven
  • 38% CAGR growth over the next three years

Management Commentary

Ashish Deora, Founder and CEO of Aurum Ventures, commented:

"Q1 has been a significant quarter for us in more ways than one. What you'll see in our performance this quarter is not just financial progress, but signs of a maturing ecosystem where regulatory milestones, institutional partnerships, and strategic expansion are beginning to converge meaningfully."

With these developments, Aurum PropTech appears well-positioned to capitalize on the growing PropTech market in India, leveraging its expanded capabilities across rental, distribution, and capital segments of the real estate industry.