Aurum PropTech Limited has informed the Exchange regarding Outcome of Board Meeting held on March 12, 2026.
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The Board of Aurum PropTech, at its meeting on March 12, 2026, approved the sale of Buildings Q5 and Q6 located at MIDC, Mahape, Navi Mumbai (measuring ~1,25,893 sq. ft.) to M/s Deepman Infra Private Limited for an aggregate consideration of approximately ₹112 Crores. The property currently contributes about 33% of the company's turnover/revenue and represents around 8% of its net worth as per FY 2024-25 audited financials. Shareholders had earlier approved the transaction via a special resolution on September 23, 2025, and the sale agreement will be executed within 90 days, with completion expected on or before June 30, 2026. The buyer is an unrelated third party and the transaction is not a slump sale or related-party deal.
This is a meaningful asset divestment for shareholders — unlocking ~₹112 Cr in cash from a property that drives a third of the company's revenue, which could boost liquidity and be redeployed into the core PropTech business. The size of the sale (33% of revenue contribution) makes it material, and execution by June 2026 will be a key milestone to watch.