Aurum PropTech EGM 2026: Locon Deal, ₹118 Cr Warrants

What shareholders are being asked to vote on

Aurum PropTech has lined up shareholder approvals through an Extraordinary General Meeting (EGM) focused on two key proposals. The first relates to the acquisition of Locon Solutions Private Limited, while the second concerns a preferential issue of fully convertible warrants to its promoter. The company also issued a corrigendum to its EGM notice to modify disclosures linked to these preferential issues. The EGM matters because it combines a large acquisition proposal with fundraising through warrants, both of which can reshape the company’s capital structure and ownership mix.

EGM date, time, and how the meeting will be held

The EGM is scheduled for August 14, 2026, at 2:00 PM IST. Aurum PropTech has stated the meeting will be conducted through video conferencing or other audio-visual means (OAVM). It also clarified that there will be no physical attendance and no proxy facility. This format places greater emphasis on remote voting participation and the disclosed e-voting schedule.

Record date and e-voting window

For shareholders, the record date determines eligibility to participate in the e-voting process. Aurum PropTech disclosed August 7, 2026 as the record date for e-voting eligibility. The company also provided the remote e-voting start and end dates ahead of the EGM.

Key dates at a glance

The company’s disclosed schedule sets out when remote e-voting opens and closes, and when the EGM is held. This is important for investors who want their votes counted without relying on any physical attendance or proxy mechanism.

Corrigendum to EGM notice and what changed

Aurum PropTech issued a corrigendum to its EGM notice, modifying disclosures for two items: the preferential issue of shares for acquiring Locon Solutions Private Limited, and the preferential issue of ₹118.02 crore fully convertible warrants to its promoter. The disclosure update is relevant because preferential allotments and warrant issuances typically require detailed information to help shareholders evaluate dilution and control implications. The company’s corrigendum indicates it wanted to revise or clarify the information presented to shareholders before the vote.

Acquisition proposal: 100% stake in Locon Solutions

The EGM agenda includes approval for acquiring a 100% stake in Locon Solutions Private Limited. The disclosed deal value is ₹458.05 crore. The text also states that the EGM approved the acquisition of 100% stake in Locon Solutions Private Limited, valued at ₹458.05 crore. This places the acquisition as a central item tied to shareholder approvals and related disclosures.

Preferential issue: ₹118.02 crore fully convertible warrants

Aurum PropTech is seeking approval for a preferential issue of 51,00,000 fully convertible warrants to its promoter, Aurum RealEstate Developers Limited, to raise ₹118.02 crore. The proposal is explicitly positioned as a promoter-linked fundraising transaction. Because the instrument is described as “fully convertible warrants,” it implies that, upon conversion, the warrants could translate into equity shares, which can affect shareholding percentages.

Shareholding snapshot: promoter holding before and after

The notice content includes a promoter and promoter group shareholding comparison, showing both share count and percentage before and after the issue. While the broader shareholding table is not fully visible in the provided text, the promoter row is explicitly disclosed. Based on that row, the promoter and promoter group share count increases, while the percentage holding is shown lower post-issue.

Control and strategic context: REA India stake mention

The text notes that no change in control is expected despite REA India’s increased stake. While the underlying numbers for REA India’s holding are not included in the provided excerpt, the statement frames the company’s position on control and governance continuity. For shareholders reviewing preferential issues and acquisitions, such statements are typically read alongside shareholding changes and promoter actions.

Financial reporting update disclosed alongside the meeting

During its meeting held on August 14, 2026, the Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. This disclosure places a board-level financial approval event on the same date as the scheduled EGM. It signals that the company is also communicating financial reporting milestones around the shareholder meeting timeline.

Market and investor reference points disclosed

The excerpt provides a market price reference: AURUM stock price is ₹220.47 as of 15 Aug, 2026. It also mentions the latest dividend payout ratio as 0% and the 3-year average dividend payout ratio as 0%. Separately, the text includes a rights eligibility statement: “3 rights eligible for every 2 shares held.” The excerpt does not provide further operational details on the rights statement, but it is a material ratio disclosure that investors often track closely.

Meeting history referenced in the disclosure

The content lists past meeting entries including an AGM on 23 Sep, 2025 and EGMs on 21 Aug, 2025, 19 Oct, 2024, and 02 Nov, 2020 (with their respective announcement dates). This meeting history helps contextualise the company’s use of shareholder meetings as a governance mechanism, although no additional resolutions from those meetings are detailed in the excerpt.

Conclusion

Aurum PropTech’s August 14, 2026 EGM brings together shareholder voting on the ₹458.05 crore acquisition of Locon Solutions and approval for ₹118.02 crore worth of fully convertible warrants proposed for its promoter. With e-voting linked to an August 7, 2026 record date and the meeting held via video conferencing/OAVM without physical attendance or proxies, shareholders must rely on the disclosed remote voting window to participate. The company has also issued a corrigendum to revise disclosures around the preferential issues, and it has stated that no change in control is expected despite REA India’s increased stake.