Monitoring Agency Report for the quarter ended December 31, 2025 - in relation to the Rights Issue of Aurum PropTech Limited ( The Company )
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, has flagged a deviation of 10-25% in how Aurum PropTech deployed the unutilized portion of its Rs. 343.56 crore Rights Issue. The company had parked Rs. 57.56 crore of unutilized proceeds in debt mutual fund schemes, which is contrary to SEBI ICDR rules that require such funds to be parked only with scheduled commercial banks. The company subsequently moved the entire unutilized amount to scheduled commercial banks on January 23, 2026. Total net proceeds received stand at Rs. 337.16 crore, of which Rs. 280.95 crore has been utilized and Rs. 56.21 crore remains unutilized. The objects were revised multiple times via special resolutions, with the Identified Investments allocation increased to Rs. 196.12 crore (from Rs. 156.70 crore) to include entities like NestAway, Monk Tech Ventures, and PropTiger Marketing Services. The company has incurred net losses for four straight years and continued posting losses in H1 FY26.
Negative signal for shareholders — the SEBI guideline violation on parking Rights Issue funds in mutual funds raises governance concerns, and ongoing losses plus repeated revision of deployment timelines and objects suggest the company has struggled to deploy capital as originally promised. Investors should note that the use of proceeds has shifted significantly toward identified investments and loan repayments rather than the originally planned product development and marketing.