Aurum PropTech Limited — Capital/Financing Update 2025

Jan 20, 2025

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Date: January 20, 2025

To, 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 Scrip Code: 539289 NSE Symbol: AURUM

Sub: Statement of deviation or variation in the use of proceeds of Rights Issue.

Dear Sir/Madam,

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds, from the objects stated in the Letter of Offer for Rights Issue of the Company dated April 08, 2022. A statement confirming that there is no deviation or variation in the utilisation of these proceeds for the quarter ended December 31, 2024, duly reviewed by the Audit Committee, is attached.

You are requested to take the same on record.

Thanking you.

For Aurum PropTech Limited

Sonia Hitesh Digitally signed by Sonia Hitesh Jain Jain Date: 2025.01.20 19:45:03 +05'30'

Sonia Jain Company Secretary & Compliance Officer

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Statement of Deviation/ Variation in utilization of funds raised

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Name of listed entity Aurum PropTech Limited
Mode of Fund-Raising Rights Issue Rights Issue
Date of Raising Funds 17.5.2022 and 30.04.2024
(Application and first call)
Amount Raised Rs. 203.11 crore
Report filed for Quarter ended December 31, 2024
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of Not Applicable
funds raised
If yes, whether the same is pursuant to Not Applicable
change in terms of a contract or objects,
which was approved by the shareholders
If yes, date of Shareholder Approval Not Applicable
Explanation for Deviation / Variation Not Applicable
Comments of the Audit Committee after No Comments
review
Comments of the auditors, if any No Comments
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Objects for which funds have been raised and where there has been a deviation, in the following table

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Unutili
Funds
sed Amount
Utilize
amoun of
Original Modifie d at
t in Rs. Deviation/
Allocati the
Modified d
Original Object, if on allocati end of crore from Variation for the Remarks, if
Object the any
any (Rs.in on, if called quarter
quarter
crores) any amoun according
(Rs. in t till to
crores) date applicabl
(Rs. e object
Crore)
Product Not Nil utilisation
37.5 13.87 4.17 Nil
Development Applicable during the
quarter
There has
During
been no
Q3FY25, APL
deviation/v
has spent
ariation in
Rs.0.075 crore
utilization of
towards salary
funds
of marketing
raised
Product Not 31.00 10.41 0.82 Nil through Rs.0.048 crore team and
Marketing Applicable Right Issue towards
for the
vendor
quarter
payment for
‘Value 360
Communicatio
ns Private
Limited’.
Nil utilisation
Identified Not
156.70 196.12 82.03 Nil during the
Investments Applicable
quarter
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Funding
Inorganic
growth
Not
initiatives and Nil utilisation
general Applicable 113.87 118.67 116.73 Nil during the
quarter
corporate
purposes
Total 339.07 339.07 203.75 0.00 --
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Note: Difference, if any, in the amounts is due to rounding-off of the figures to two decimal places

Deviation or variation could mean:

a. Deviation in the objects or purposes for which the funds have been raised or b. Deviation in the amount of funds actually utilized as against what was originally disclosed or c. Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc.

Note:

The Right Issue Committee of the Company in their meeting dated March 5, 2024 made the first call of Rs.30 per partly paid equity share (comprising of Rs.1.87 towards face value and a premium of Rs. 28.13 per Rights Equity Share) on 4,29,44,533 partly paid-up equity shares of the Company. The Company received a total of Rs.121.19 crore on 4,03,99,270 partly paid-up equity shares.

* Out of the total Rs. 339.07 crores, the company has received Rs. 81.92 crores at the time of subscription of rights issue and Rs.121.16 crore as first call and balance of Rs.135.99 crore is pending to be called from the shareholders. The surplus amount of Rs. 0.66 crore (Rs.203.74 crore spent over Rs.203.08 crore called) utilised pertains to the return on investments of unutilised proceeds till December 31, 2024.

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• Till December 31, 2024, the company has called Rs.50 only (Rs.20 subscription + Rs.30 first call) per rights equity shares from total Rs.80 per rights equity shares. @ During Q1FY25, APL made its first call of Rs.30 per partly paid equity share (comprising of Rs.1.87 towards face value and a premium of Rs.28.13 per Rights Equity Share) on 4,29,44,533 partly paid-up equity shares of the company, translating to Rs.128.83 crore. However, only received money from 4,03,99,270 partly paid-up equity shares amounting to Rs.121.19 crore resulting in shortfall of Rs. 7.64 crore against the called amount.

For Aurum PropTech Limited

Kunal Karan Digitally signed by Kunal Karan Date: 2025.01.20 19:46:30 +05'30'

Kunal Karan Chief Financial Officer

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