Aurum PropTech Limited has informed the Exchange about General Updates
AURUM · price
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Awaiting price reaction for this filing.
Aurum PropTech's Board, at its March 12, 2026 meeting, approved the sale of Buildings Q5 and Q6 located at MIDC, MBP-1, Mahape, Navi Mumbai (admeasuring ~1,25,893 sq. ft.) to M/s Deepman Infra Private Limited for approximately ₹112 Crores. The property contributes about 33% of the company's turnover/revenue and represents around 8% of its net worth (per FY25 audited financials). The buyer is an unrelated third party and the transaction is at arm's length, with the sale agreement to be executed within 90 days and completion expected by June 30, 2026. Shareholders had already approved this transaction via a special resolution on September 23, 2025, in compliance with Regulation 37A of LODR.
The ~₹112 Crore inflow will boost the company's cash position and is expected by Q1 FY27. However, since the asset generates 33% of revenue, investors should watch for a corresponding impact on future top-line, though net worth impact is modest (~8%).