Aurum PropTech Limited has informed the Exchange about Sale or disposal
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Awaiting price reaction for this filing.
Aurum PropTech's Board has approved the sale of Buildings Q5 and Q6 located at MIDC, Mahape, Navi Mumbai, covering about 1,25,893 sq ft, for an aggregate consideration of approximately ₹112 Crores. The buyer is Deepman Infra Private Limited, an unrelated third party, and the deal is expected to be completed by June 30, 2026. The property contributes around 33% of the company's turnover and represents about 8% of its net worth as per FY25 audited financials. Shareholders had already cleared the transaction via a special resolution on September 23, 2025, and the sale is outside any scheme of arrangement.
The ₹112 Crore inflow will strengthen the company's cash position and could be used to pare debt, fund growth, or return value to shareholders. However, since the property accounts for a third of revenue, investors should watch how the company plans to redeploy the proceeds and replace the lost income stream.