Aurum PropTech Limited has reaffirmed its share price of INR 203.77 for its upcoming preferential issue, despite a lower valuation derived from the discounted cash flow (DCF) method. This development comes as part of the company's strategic move to acquire PropTiger Marketing Services Private Limited.

Preferential Issue Details

The preferential issue involves 42,42,537 equity shares to be allotted to REA India Pte Limited, Singapore. This issuance is a crucial component of an all-stock strategic equity swap aimed at acquiring 100% of PropTiger Marketing Services Private Limited from REA.

Valuation Addendum

In a recent disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, Aurum PropTech revealed that the registered valuer had issued an addendum to the original valuation report. The addendum confirmed the previously determined share price of INR 203.77 per equity share for the preferential issue.

DCF Valuation Insights

The registered valuer's addendum highlighted an interesting point:

• Using the discounted cash flow (DCF) method, the company's value per share was found to be lower than the price determined under SEBI's preferential issue pricing regulations.
• Despite this finding, the valuer chose to retain the original valuation from the previous report.

Impact on Shareholders

The company emphasized that the addendum has no impact on the special resolution already passed by shareholders. The preferential issue had received the following approvals:

• Board approval
• Shareholder approval at an Extraordinary General Meeting

Transparency Measures

In a move towards transparency, Aurum PropTech has made both the valuation report and the addendum available on its website at https://www.aurumproptech.in/investor/preferential-issue .

Conclusion

This development underscores the complexities involved in corporate valuation and preferential share issuances. While the DCF method suggested a lower valuation, Aurum PropTech's decision to maintain the original share price for the preferential issue aligns with regulatory requirements and shareholder approvals. As the company moves forward with its acquisition plans, investors and market watchers will likely keep a close eye on the execution and potential impacts of this strategic move.

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.