Rights Issue16 Oct 2026, 07:30 pm
Aurum PropTech: No Deviation in Rights Issue Fund Use for Q3 FY27
AI Summary
Aurum PropTech Ltd has confirmed no deviation or variation in the utilization of proceeds from its Rights Issue dated April 08, 2022, for the quarter ended September 30, 2026. The total amount raised was Rs. 343.56 crore (net of expenses). Funds were allocated across Product Development (₹37.50 crore), Product Marketing (₹31.00 crore), Identified Investments (₹156.70 crore), and Funding Inorganic growth initiatives and general corporate purposes (GCP) (₹113.87 crore). As of September 30, 2026, a total of ₹303.89 crore has been utilized, with ₹28.56 crore unutilized, including ₹1.45 crore pending receipt. The Audit Committee has reviewed and found no issues.
Key Highlights
- No deviation reported in the use of Rights Issue proceeds for Q3 FY27.
- Total funds raised via Rights Issue amounted to ₹343.56 crore.
- ₹303.89 crore utilized, with ₹28.56 crore remaining unutilized.
- Audit Committee reviewed and confirmed no deviations.
- Utilisation aligned with stated objects as per Special Resolutions.
Price Impact
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