Postal Ballot - Scrutiniser''s report
AURUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 0.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Aurum PropTech announced the results of its Postal Ballot conducted via remote e-voting (May 8 to June 7, 2025), with all five resolutions passed with overwhelming shareholder approval. Item 1 (Special Resolution) approved raising up to Rs. 600 crore through Equity Shares, convertible securities, NCDs or warrants via Rights Issue/FPO/QIP/Preferential Issue, with 99.99% votes in favor. Item 2 approved a QIP of up to Rs. 300 crore within the Rs. 600 crore ceiling (99.99% in favor). Item 3 approved variation in the objects of the earlier rights issue (99.97% in favor). Item 4 appointed Mr. Ashish Deora as a Non-Executive, Non-Independent Director (99.95% in favor). Item 5 approved material related party transactions (99.64% in favor). Promoters were marked as interested in Items 4 and 5.
Shareholders have given the company a wide mandate to raise up to Rs. 600 crore (including Rs. 300 crore via QIP), which could lead to equity dilution when actually executed, though the resolutions only grant approval capacity, not immediate issuance. The appointments and related party clearances are now formally in place.