Aurum PropTech Limited — Capital/Financing Update 2021

Dec 17, 2021

==> picture [179 x 67] intentionally omitted <==

Date: December 17, 2021

Listing Department BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001

Listing Department National Stock Exchange of India Limited Bandra Kurla Complex Bandra East Mumbai – 400 051

BSE Script Code: 539289

NSE Symbol: AURUM

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on December 17, 2021

Kindly note that the Board of Directors of Aurum PropTech Limited ("the Company") at its meeting held today i.e. December 17, 2021 has, inter-alia, approved the following –

1. Further to our intimation dated October 30, 2021, pertaining to Increase in authorized capital of the Company from Rs. 25,00,00,000/- consisting of 5,00,00,000 Equity Shares of Rs. 5/each to Rs. 50,00,00,000/- consisting of 10,00,00,000 Equity Shares of Rs. 5/- each, the Board of Directors of the Company have further revised the same and (i) approved the increase to Rs. 100,00,00,000/- consisting of 20,00,00,000 Equity Shares of Rs. 5/- each and (ii) alteration of Clause V of Memorandum of Association of the Company, subject to the approval of shareholders.

2. Further to our intimation dated December 14, 2021 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board, at its meeting held today, the issuance of equity shares of Rs. 5/- each of the Company on rights basis to eligible equity shareholders of the Company as on the record date (to be notified later), of an issue size of Rs. 343.56 crore (the “Issue”).

The Board also approved the following terms of the Issue:

• a. Rights Issue Price: Rs. 80/- per fully paid-up equity share (including a premium of Rs. 75/- per equity share).

• b. Terms of payment of Issue Price: 25% on application and balance in one or more calls as may be decided by the Board / Committee of the Board from time to time.

• c. Rights Entitlement Ratio: 3 equity shares for every 2 equity shares held by eligible shareholders as on the record date.

Further the Board constituted ‘Rights Issue Committee’ to decide the other terms and conditions of the Issue including the record date.

The promoter and promoter group of the Company have confirmed they will subscribe to the full extent of their aggregate rights entitlement. In addition, they will also subscribe to all the unsubscribed shares in the Issue.

www.aurumventures.in (formerly known as Majesco Limited) corporate@aurumproptech.in CIN: L72300MH2013PLC244874 +91-22-2778 1271 Registered Office: MNDC, MBP-P-136, Mahape, Navi Mumbai – 400 710, India

==> picture [179 x 67] intentionally omitted <==

The Board meeting started at 4:00 p.m. and concluded at 5:35 p.m.

You are requested to take the above on record.

Thanking you.

Yours faithfully, For Aurum PropTech Limited

KHUSHBU Digitally signed by KHUSHBU DILIP DILIP RAKHECHA Date: 2021.12.17 RAKHECHA 17:36:03 +05'30'

Khushbu Rakhecha Compliance Officer

www.aurumventures.in (formerly known as Majesco Limited) corporate@aurumproptech.in CIN: L72300MH2013PLC244874 +91-22-2778 1271 Registered Office: MNDC, MBP-P-136, Mahape, Navi Mumbai – 400 710, India