Monitoring Agency Report for the period ending on September 30, 2025
AURUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings, the monitoring agency, confirmed that proceeds from Aurum PropTech's Rs. 343.56 crore Rights Issue (4.29 crore shares at Rs. 80 each) have been used in line with the disclosed objects, with no deviation. Of the Rs. 339.07 crore net proceeds, the company has received Rs. 337.16 crore (Rs. 1.91 crore still pending from shareholders) and utilised Rs. 267.79 crore as of September 30, 2025. Rs. 69.37 crore of unutilised funds are parked in mutual funds (Rs. 70.32 crore) and a bank account. The company has revised the original object-wise allocation several times via special resolutions, significantly cutting spend on Product Development (Rs. 37.50 cr → Rs. 13.87 cr) and Product Marketing (Rs. 31 cr → Rs. 10.41 cr), while boosting Identified Investments (Rs. 156.70 cr → Rs. 196.12 cr). Object heads have also been widened to include loan repayment and interest, and new investee entities like NestAway PropTech MENA, Monk Tech Ventures, Liv Real Solution, and PropTiger Marketing Services were added in August 2025.
For shareholders, this is a routine regulatory update but signals delayed and repeatedly revised deployment of the Rights Issue proceeds, with the bulk of the money now being directed toward identified investments and inorganic growth rather than the original product and marketing plans. The note that the company has reported net losses for four straight years and continues to do so in H1 FY26, combined with parked unutilised funds, may raise concerns about execution and capital allocation discipline.