Authum Investment & Infrastructure Limited has emerged as the successful resolution applicant for A A Estates Private Limited (AAEPL), marking a significant expansion into Mumbai's real estate sector. The company received and accepted a letter of intent on January 29, 2026, following its submission of a resolution plan for the acquisition.

Transaction Overview

The acquisition details demonstrate Authum Investment's strategic entry into the real estate market through this corporate insolvency resolution process:

Target Company Profile

A A Estates Private Limited operates in the real estate sector with significant assets in Mumbai's property market. The company was incorporated on July 17, 1996, under the Companies Act, 1956, and specializes in real estate activities with development rights across numerous projects in Mumbai.

Financial and Operational Status

AAEPL has been undergoing Corporate Insolvency Resolution Process since December 06, 2022, following an order from the National Company Law Tribunal, Mumbai Bench. Key operational metrics include:

• Incorporation Date: July 17, 1996
• CIRP Commencement: December 06, 2022
• Turnover (FY 2019-2020): NIL
• Primary Assets: Development rights in Mumbai real estate projects

Strategic Rationale

Authum Investment has positioned this acquisition as an investment opportunity in the real estate sector, enabling the company to capitalize on underlying asset values and generate revenue through monetization strategies. The transaction represents a diversification move outside the company's main line of business, targeting Mumbai's valuable real estate development rights.

Regulatory Framework

The acquisition requires approval from the National Company Law Tribunal, Mumbai Bench, and potentially other courts or tribunals under applicable laws. The transaction is structured as a non-related party acquisition, with no promoter or group company interests in the target entity.

Next Steps

The completion of this acquisition depends on regulatory approvals, with an indicative timeline of 30 days from the date of NCLT approval. The letter of intent issued by the Resolution Professional on January 27, 2026, provides the framework for proceeding with the transaction, subject to the terms and conditions specified in the document.

Authum Investment & Infrastructure Limited has reissued its announcement regarding the record date for its approved 4:1 bonus share issuance, correcting a typographical error in its earlier communication dated January 07, 2026. The company has confirmed January 13, 2026 as the record date to determine eligible shareholders for the bonus equity shares allotment, with deemed allotment scheduled for January 14, 2026.

Corrected Announcement Details

The company clarified that there is no change in the previously announced record date, with the reissuance solely addressing a typographical error in the third paragraph of the original announcement. The correction was made to ensure accurate communication to all stakeholders while maintaining the established timeline for bonus share implementation.

Exchange Approvals and Regulatory Compliance

The company received in-principle approvals under Regulation 28(1) of SEBI (LODR) Regulations, 2015 from BSE Limited and National Stock Exchange of India Limited on January 07, 2026, and January 05, 2026 respectively. The record date has been fixed pursuant to Regulation 42 of SEBI LODR and powers delegated by the board of directors.

Trading and Depository Timeline

Pursuant to SEBI Circular No. SEBI CIR/CFD/PoD/2024/122 dated September 16, 2024, the company will submit requisite documents to the depository for credit of bonus equity shares by 12:00 p.m. on the deemed allotment date. The fully paid-up bonus equity shares will be available for trading from the next working day following the deemed date of allotment.

Previous Approvals and Background

The bonus share issuance was originally approved through postal ballot concluded on December 31, 2025, following the postal ballot notice dated November 28, 2025. The corrected announcement references these earlier approvals while ensuring accurate implementation details are communicated to both exchanges and shareholders.

Implementation Confirmation

Company Secretary Dipyanti Jaiswar digitally signed the corrected regulatory disclosure on January 07, 2026. The bonus shares will be issued in dematerialized form only and will rank pari passu with existing equity shares, with the actual number determined based on fully paid-up equity share capital as on the record date.