Monitoring Agency Report for the period ending March 31, 2025.
AURUM · price
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CARE Ratings, the Monitoring Agency for Aurum PropTech's Rs. 343.56 crore Rights Issue, filed its report for the quarter ended March 31, 2025. Out of the total issue, the company has so far called Rs. 203.08 crore from shareholders (initial subscription of Rs. 85.89 crore and first call of Rs. 121.19 crore), with a balance of Rs. 135.99 crore still pending to be called. There was a shortfall of Rs. 7.64 crore on the first call as some partly paid-up shareholders did not pay. No funds were utilised during Q4FY25, and the total deployed stands at Rs. 203.74 crore (including Rs. 0.66 crore from returns on idle funds). The Board has rescheduled the balance deployment to FY2025-26 and FY2026-27 via resolutions dated January 18, 2024 and January 20, 2025. The MA confirmed no deviation from stated objects but noted that not all government/statutory approvals related to the objects have been obtained, and the company has reported net losses for the last three years and 9MFY25.
For shareholders, this is largely a procedural compliance filing with no immediate positive or negative trigger. However, the persistent delays in deployment, rescheduling of timelines, losses, pending statutory approvals, and Rs. 7.64 crore shortfall on the first call signal weak execution and slow utilisation of raised funds, which is mildly negative for investor confidence.