Aurum PropTech Limited Announces Key Board Changes Including Director Cessation and Auditor Appointment
Aurum PropTech Limited has made several significant appointments and changes to its board composition and operational oversight, as approved by the company's Board of Directors. The decisions cover the cessation of an independent director, the appointment of a Nodal Officer for investor protection coordination, and the engagement of a new internal auditor.The Board meeting confirmed that Dr. Padma Deosthali will cease to be an Independent Director of the company, effective July 22, 2026, upon completion of her tenure. Simultaneously, Pranali Desale, who holds the designation of Company Secretary and Compliance Officer, has been appointed as the Nodal Officer responsible for coordinating with the Investor Education and Protection Fund Authority and verifying claims.
For internal financial review, M/s Varma & Varma was formally appointed as the Internal Auditor for Aurum PropTech Limited for the financial year 2026-27.
Details regarding the cessations and appointments are presented below:
Independent Director Cessation Details
The details concerning Dr. Padma Deosthali's tenure conclusion are summarized in the following table:| Particulars | Details |
|---|---|
| Reason for change | Dr. Padma Deosthali (DIN: 09250994) cease to be an Independent Director of the Company |
| Date of cessation | With effect from July 22, 2026 |
Appointment of Nodal Officer
Pranali Desale has been appointed as the Nodal Officer under the Investor Education and Protection Fund. The details are:| Particulars | Details |
|---|---|
| Name of Nodal Officer | Pranali Desale |
| Designation | Company Secretary and Compliance Officer |
Internal Auditor Appointment
M/s Varma & Varma, a reputable firm in the auditing industry since 1935, has been appointed as the company's Internal Auditor for the financial year 2026-27.About M/s Varma & Varma:
The firm, established in 1935, possesses over nine decades of professional experience across audit, assurance, taxation, advisory, and risk consulting services. The organization operates a network comprising nine offices across five states, maintaining a team of over 600 professionals and 35 partners. The firm's extensive background includes providing internal audit, risk-based audit, process audit, compliance review, and internal financial control services to diverse sectors, including listed companies, manufacturing, infrastructure, real estate, information technology, and public sector undertakings. M/s Varma & Varma is also empanelled with various regulatory and statutory authorities, such as the Comptroller and Auditor General of India (CAG), the Reserve Bank of India (RBI), and the Serious Fraud Investigation Office (SFIO).
AURUM Stock Price Movement
As of 12:24 PM, shares of Aurum PropTech Limited are shedding value in live trading, slipping 1.33% to trade at ₹236.09. The stock trades near its intraday low of ₹236.02 as of the current session, having accumulated a volume of 744,639 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.