Aurum PropTech Limited , a leading player in the PropTech sector, has reported no deviation from stated objects in the utilization of its Rs. 343.56 crore rights issue proceeds for the quarter ended September 30, 2025, according to the monitoring agency CARE Ratings.

Key Highlights

• Total net proceeds received: Rs. 337.16 crore out of Rs. 339.07 crore
• Pending amount from shareholders: Rs. 1.91 crore
• Unutilized amount as of September 30, 2025: Rs. 69.37 crore

Utilization Breakdown for Q2 FY26

Extended Timelines

Aurum PropTech has obtained shareholder approvals for variations in objects and estimated amounts through special resolutions. All utilization timelines have been extended beyond the original Letter of Offer schedule, with deployment now rescheduled to fiscal years 2025-26 and 2026-27.

Investments and Fund Allocation

The company has made strategic investments in various PropTech entities, including:

• YieldWiseX Technologies Private Limited
• NestAway Technologies Private Limited
• Hello World Technologies Private Limited
• Monk Tech Labs Private Limited
• Monk Tech Ventures Private Limited
• Nestaway Proptech MENA Real Estate L.L.C.

These investments align with Aurum PropTech's strategy to strengthen its position in the PropTech ecosystem.

Temporary Investment of Unutilized Funds

As of September 30, 2025, Rs. 70.32 crore of unutilized proceeds were temporarily invested in debt mutual fund schemes. This investment strategy was authorized by the Rights Issue Committee through a board resolution dated March 5, 2024.

Monitoring Agency's Observations

CARE Ratings noted that while the company has crossed the initial timelines for fund utilization as per the Letter of Offer, the timeline and amounts to be spent have been revised via board resolutions dated January 18, 2024, and January 20, 2025.

Conclusion

Aurum PropTech's management of its rights issue proceeds demonstrates its commitment to strategic growth in the PropTech sector. The company's investments in various technology-driven real estate solutions align with its vision to transform the real estate industry through innovative digital solutions.

Investors should note that while the company has shown no deviation from stated objectives, the extended timelines for fund utilization reflect the dynamic nature of the PropTech industry and Aurum PropTech's adaptive approach to market conditions.

Aurum PropTech Limited has reported a significant milestone in its financial journey, achieving its first profitable quarter on an adjusted EBITDA basis for Q2 FY2026. The company's performance highlights its focus on operational excellence and strategic growth initiatives in the PropTech sector.

Financial Highlights

• Revenue grew by 30% year-on-year to Rs. 82.50 crores
• Adjusted EBITDA margin improved by 700 basis points, from -4% to +3% compared to the same quarter last year
• Loss before tax improved to Rs. 6.96 crores from Rs. 12.07 crores in the corresponding quarter last year

Segment Performance

The rental business, which includes brands like HelloWorld and NestAway, has reached a significant milestone of Rs. 200 crores Annual Recurring Revenue (ARR). This segment continues to be the primary revenue driver for the company.

Strategic Developments

PropTiger Acquisition

Aurum PropTech completed the acquisition of 100% equity in PropTiger Marketing Services for Rs. 86.45 crores through an equity share swap. This strategic move has resulted in REA Group becoming a 5.5% shareholder in Aurum PropTech.

International Expansion

The company launched "Nestr" operations in Dubai during Q2 FY2026, marking its first international foray into the Middle East rental ecosystem.

Technology Integration

Aurum Analytica, part of the distribution segment, has introduced a new recommendation engine for leads, which is expected to increase the price per lead and improve client retention.

Future Outlook

Aurum PropTech has set a target of achieving Rs. 500 crores ARR across all verticals by Q4 FY2026. The company's management expressed confidence in maintaining its growth trajectory, citing consistent delivery of approximately 35% growth over the past four years.

Mr. Ashish Deora, Founder & CEO of Aurum Ventures and Director of Aurum PropTech, commented on the results, stating, "Q2 FY '25-26 is our first profitable quarter on adjusted EBITDA basis. This is due to our focus on relentless execution, unit economics, financial discipline, and unwavering pursuit of profitable growth."

As Aurum PropTech continues to expand its integrated PropTech ecosystem across rentals, distribution, and capital verticals, investors will be watching closely to see if the company can maintain its growth momentum while improving profitability metrics in the coming quarters.