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Resignation of Non-Executive Director and Appointments within Aurum PropTech Limited

Strategic Insights

— 2 min read

Mr. Srirang Athalye, a seasoned Non-Executive Director at Aurum PropTech Limited, has resigned from his position on the Board of Directors, effective July 31, 2025. This decision followed the appointment of Mr. Ashish Deora as a Non-Executive Director, prompting Mr. Athalye to step down. Despite the Board's initial reluctance to accept his resignation, it was mutually agreed that he would cease to be a Director and continue to support the Group in a different capacity. As a result, Mr. Athalye has been appointed as a Key Managerial Personnel of Bonds Brain Technologies Private Limited, a subsidiary of Aurum PropTech Limited.

Key Takeaways:

  • Mr. Srirang Athalye, a Non-Executive Director at Aurum PropTech Limited, has resigned from his position on the Board of Directors, effective July 31, 2025.
  • The resignation was triggered by the appointment of Mr. Ashish Deora as a Non-Executive Director.
  • Despite the initial reluctance, the Board accepted Mr. Athalye's resignation, and it was mutually agreed that he would continue to support the Group.
  • Mr. Athalye has been appointed as a Key Managerial Personnel of Bonds Brain Technologies Private Limited, a wholly owned subsidiary of Aurum PropTech Limited.
  • The subsidiary has received registration from SEBI as a Small and Medium Real Estate Investment Trust (SM-REIT) under the name Amsa Small and Medium Real Estate Investment Trust.
  • The requisite details of the resignation are enclosed as Annexure-A, and a copy of Mr. Athalye's resignation letter is enclosed as Annexure-B.
  • The information is also available on the company's website at https://www.aurumproptech.in/.

Statistics:

  • July 31, 2025: Effective date of Mr. Athalye's resignation.
  • August 05, 2025: Date on which the resignation was duly accepted by the Company.
  • 1: Number of wholly owned subsidiary, Bonds Brain Technologies Private Limited, that has received registration from SEBI.
  • 1: Number of Small and Medium Real Estate Investment Trust (SM-REIT) under the name Amsa Small and Medium Real Estate Investment Trust.
  • 1: Number of persons who have been appointed as Key Managerial Personnel of Bonds Brain Technologies Private Limited.
  • 1: Number of corporate announcements issued by the National Stock Exchange of India.

Sources:

  • Aurum PropTech Limited - A corporate announcement issued on [no date specified] and available on the National Stock Exchange of India website at https://www.nseindia.com/.
  • SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 - A circular issued by SEBI regarding the requirements of the SEBI Listing Regulations.
  • Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - A regulation that requires the disclosure of certain information by listed companies.

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