Aurum PropTech Limited has announced that its Board of Directors approved the sale of two buildings located in Navi Mumbai for approximately ₹112 crore.

The decision was taken during the board meeting held on March 12, 2026, according to a regulatory filing submitted to BSE and the National Stock Exchange (NSE).

The transaction relates to Buildings Q5 and Q6 located at MIDC, MBP-1, Plot Nos. P-136 and 136/1 in the TTC Industrial Area, Mahape, Navi Mumbai.

Details of the Property Being Sold

The property being sold consists of two commercial buildings covering approximately 1,25,893 square feet of space.

According to the company’s disclosure:

• The property contributes around 33% of the company’s turnover or revenue.
• Its value represents about 8% of the company’s net worth, based on audited financial statements for FY2024-25.

This indicates that the asset plays a significant role in the company’s current operational revenue base.

Buyer of the Property

The buyer of the property is Deepman Infra Private Limited.

The company clarified in its filing that:

• The buyer does not belong to the promoter group.
• The transaction is not a related party transaction.

This means the deal has been structured as an arm’s-length commercial transaction between independent parties.

Timeline for the Transaction

The company also outlined the timeline for the sale process.

• The Agreement for Sale is expected to be executed within 90 days from the date of the board meeting, which was held on March 12, 2026.

• The completion of the transaction is expected on or before June 30, 2026.

• The sale consideration of about ₹112 crore is expected to be received by the same date.

This timeline suggests the deal will likely be completed within the first quarter of the next financial year.

Shareholder Approval Already Obtained

The company highlighted that shareholders had already approved the transaction earlier.

A special resolution was passed by shareholders on September 23, 2025, authorising the company to proceed with the sale.

The approval was granted in accordance with Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This regulation governs sale, lease, or disposal of significant assets by listed companies.

Not Part of Any Scheme of Arrangement

Aurum PropTech also clarified that the transaction:

• Is not part of any scheme of arrangement
• Does not involve a slump sale

Instead, the deal involves a straightforward sale of immovable property assets.

Board Meeting Details

The board meeting in which the approval was granted was relatively brief.

According to the filing:

• Meeting Start Time: 2:00 PM
• Meeting End Time: 2:18 PM

During this meeting, the board considered and approved the sale proposal as part of the company’s asset management strategy.

About Aurum PropTech Limited

Aurum PropTech Limited operates in the real estate technology and property services sector.

The company focuses on:

• Technology solutions for real estate
• Digital platforms for property management
• Real estate investments and development

The sale of certain physical real estate assets may be part of strategic portfolio management or capital reallocation as the company expands its proptech-focused business model.

Impact of the Transaction

The sale of the Navi Mumbai property could potentially:

• Unlock value from real estate assets
• Improve liquidity and cash flow
• Allow reinvestment in core proptech operations

However, given that the property currently contributes around 33% of revenue, the company may also need to rebalance its revenue sources after the transaction is completed.

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