Aurum PropTech Confirms No Deviation in Utilization of Rights Issue Proceeds
Aurum PropTech Limited has confirmed that there is no deviation or variation in the use of proceeds raised through its Rights Issue, according to a statement provided for the quarter ended June 30, 2026. The company detailed the utilization status across various objects against the funds initially raised.The Right Issue funds, which totaled Rs. 343.56 crore (net of right issue expense), were allocated across several key areas including Product Development, Product Marketing, Identified Investments, and funding Inorganic growth initiatives and general corporate purposes (GCP). The utilization status for the quarter ended June 30, 2026, confirms that no deviation has occurred in the use of these funds.
The company’s financial standing concerning the Rights Issue during this reporting period was overseen by CARE Ratings Limited, the monitoring agency.
A summary of the fund-raising event and its status is provided below:
| Metric | Detail |
|---|---|
| Mode of Fund-Raising | Rights Issue |
| Date Range of Funds Raised | April 26, 2022, to May 10, 2022; April 01, 2024, to April 15, 2024; April 01, 2025, to April 30, 2025 |
| Total Amount Raised | Rs. 343.56 crore (net of right issue expense) |
| Report Period | Quarter ended June 30, 2026 |
| Deviation in Use of Funds | Not Applicable |
Fund Allocation and Utilization Details
The initial allocation for the proceeds covered four primary objectives. The company reported that while the original allocation was set at Rs. 339.07 crore, the total funds utilized across these objects amounted to Rs. 303.89 crore. This leaves an unutilized amount of Rs. 33.73 crore from the called amount till date.The breakdown of objectives and utilization is detailed in the table below:
| Original Object | Original Allocation (Rs. cr) | Funds Utilized at Quarter End (Rs. cr) | Unutilised Amount (Rs. cr) |
|---|---|---|---|
| Identified Investments | 156.70 | N/A | 33.73 |
| Funding Inorganic growth initiatives and GCP | 113.87 | 118.55 | - |
| Product Development (Modified Object) | 37.50 | 9.18 | 33.73 |
| Product Marketing (Modified Object) | 31.00 | 3.78 | 33.73 |
| Total | 339.07 | 303.89 | 33.73 |
Equity Issuance and Payment Status
The company provided specific details regarding the issuance of equity shares during the financial year 2022-23. During this period, Aurum PropTech issued 4,29,44,533 equity shares at a face value of INR 5/- each on a right basis.Further details regarding payments and calls were also disclosed:
- First Call: The company made the First call of INR 30 per Rights Equity Share in March 2024. As of March 31, 2025, an aggregate amount of INR 763.58 lakhs (including a premium of INR 715.88 lakhs) remained unpaid against this call. The trading of 4,03,99,270 partly paid shares began on May 7, 2024.
- Second and Final Call: The company made the Second and Final call of INR 30 per Rights Equity Share in March 2025, which included a reminder for the unpaid First call amount.
- Recent Receipts: During the quarter ended June 2026, the Company received INR 16 Lakhs, including INR 1 Lakh pertaining to interest earned on arrear call payments from investors. The net proceeds of INR 15 Lakhs were recorded in Q1FY27, resulting in a shortfall of INR 145 Lakhs remaining pending from shareholders as of June 30, 2026.
AURUM Stock Price Movement
At 1:02 PM today, shares of Aurum PropTech Limited are shedding slightly, trading at ₹239.1 after a minor decline of 0.08%. A total of 1.66 million shares have been traded in the market session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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