Monitoring Agency Report on Rights Issue utilization for Q4FY26
AURUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings filed the MA report for Aurum PropTech's Rs.343.56 crore Rights Issue for Q4FY26. Of Rs.337.47 crore net proceeds received (Rs.1.60 crore still pending), Rs.299.90 crore has been utilized and Rs.37.57 crore unutilized is parked in Axis Bank FDs. No fresh deviation from objects this quarter; a previous deviation where funds were deployed in mutual funds (not permitted) has been rectified. Multiple special resolutions have revised object amounts and added new investee entities. Company has reported net losses for 4 straight years.
Delays in full deployment, repeated object revisions, and ongoing net losses raise execution and governance concerns for shareholders.