Keystone Realtors Ltd

Financial performance

• Standalone FY26 revenue ₹66,845 lakh; EBITDA ₹9,971 lakh; PAT ₹4,072 lakh; EBITDA margin 12%; PAT margin 3%.
• Consolidated FY26 revenue ₹271,685 lakh; PAT ₹9,495 lakh; PBT ₹11,050 lakh.
• FY26 pre-sales ₹4,022 crore; area sold 2.12 mn sq ft; 33% YoY.
• Net cash positive; gross secured debt-to-equity 0.26x; net debt nil.
• Dividend for FY26 not recommended.

Growth and pipeline

• FY26 new redevelopment additions: 7 projects; GDV ₹10,420 crore; launches GDV ₹9,813 crore.
• Ongoing portfolio: 17 projects; saleable 8.69 mn sq ft; GDV ₹19,242 crore; 49% sold.
• Forthcoming: 21 projects; GDV ₹42,698 crore; saleable area 21.44 mn sq ft.

Capital structure & liquidity

• Debt-to-equity (consolidated) 0.52; borrowings ₹1,50,800 lakh; cash ₹46,821 lakh; bank balances ₹41,409 lakh.
• Assets pledged ₹1,67,760; QIP proceeds ₹78,272 used for corporate purposes.

AGM Details

• 31st AGM to be held on 18 September 2026 at 04:00 PM IST via VC/OAVM.
• Annual Report for FY2025-26 and AGM notice available on the company website.

AGM Details

• AGM date/time: 18 Sep 2026, 04:00 PM IST, via VC/OAVM.
• Remote e-voting window: 14–17 Sep 2026; voting cut-off: 11 Sep 2026.
• VC/OAVM attendance capped at 1,000 Members on a first-come basis.
• Proceedings deemed at Registered Office; NSDL e-voting facility available.

Ordinary Business

• Adopt standalone financial statements for FY 2025-26.
• Adopt consolidated financial statements for FY 2025-26.
• Re-appoint Percy Chowdhry as Director, retiring by rotation.
• Appoint Walker Chandiok & Co. LLP as Statutory Auditor for five years.

Special Resolutions

• Ratify Cost Auditor remuneration for 2026-27: ₹1,05,000.
• Re-appoint Boman Irani as Chairman and MD for 2027–2032.
• Approve remuneration for Boman Irani: ₹5.15–7.50 Cr p.a. for 3 years.
• Re-appoint Chandresh Mehta as Executive Director for 2027–2032.
• Approve remuneration for Chandresh Mehta: ₹5.15–7.50 Cr p.a. for 3 years.
• Re-appoint Percy Chowdhry as Executive Director for 2027–2032.
• Approve remuneration for Percy Chowdhry: ₹3.08–4.50 Cr p.a. for 3 years.
• Re-appoint Ramesh Tainwala as Non-Executive Independent Director for 2027–2032.
• Re-appoint Rahul Divan as Non-Executive Independent Director for 2027–2032.
• Re-appoint Seema Mohapatra as Non-Executive Independent Director for 2027–2032.
• Approve commission payable to Non-Executive Directors: up to 1% net profit or ₹15 Lakh per director, 3 years.
• 15A. Additional ₹10 Lakh p.a. for Rahul Divan within cap.
• Authorize borrowings via NCDs/Bonds/other instruments up to ₹1,500 Crores in 1 year.

Auditor Appointments

• Statutory Auditor: Walker Chandiok & Co. LLP appointed for five years, to 2031.
• Remuneration for FY2026-27: ₹70 Lakh.
• Cost Auditor remuneration: ₹1,05,000 for FY2026-27.

Director Changes

• Re-appoint Percy Chowdhry as Executive Director for 2027–2032.
• Re-appoint Boman Irani as Chairman and MD for 2027–2032.
• Re-appoint Chandresh Mehta as Executive Director for 2027–2032.
• Re-appoint Ramesh Tainwala as Non-Executive Independent Director for 2027–2032.
• Re-appoint Rahul Divan as Non-Executive Independent Director for 2027–2032.
• Re-appoint Seema Mohapatra as Non-Executive Independent Director for 2027–2032.

Remuneration / Related Party Context

• Remuneration approvals involve promoter relatives; disclosures reference related-party considerations.

Rating Action Details

• Issuer rating reaffirmed at AA- with Stable outlook.
• Bank facilities rated Rs 1,000 crore total; AA- (Stable).
• Term loans Rs 395 crore; Overdraft Rs 4.10 crore; Unallocated Rs 600.90 crore.
• Non-convertible debentures reaffirmed Rs 245 crore and Rs 40 crore; Rs 385 crore assigned.
• Total NCDs rated Rs 670 crore.
• Annexure shows bank limits rated: ICICI term loans 95 and 300 crore; overdraft 4.10; unallocated 600.90.
• Surveillance due within one year; ratings may be reviewed on new information.
• Outlook across ratings: Stable.

Meeting Details

• Date: 26 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve the fund-raising proposal; other business.

Other Notes

• Intimation date: 21 August 2026; Issuer Keystone Realtors Limited, Scrip Code 543669, RUSTOMJEE.

Meeting Details

• Date: 13-08-2026.
• Type: One-on-One and Group Meetings.
• Place: Mumbai (physical).
• Event: Emkay Confluence - Investor Conference.

Participants

• Key company participants: Company Secretary & Compliance Officer.

Purpose

• Purpose: Analyst/Institutional investor interaction at Emkay Confluence.

Meeting Details

• Date and time: Tuesday, 4 August 2026 at 3:30 PM IST.
• Type and mode: group virtual conference call.
• Organizer: Keystone Realtors with call leader Axis Capital.
• Global times: 6:00 PM HK/SG, 11:00 AM UK, 6:00 AM EDT.

Participants

• Chairman and Managing Director to present.
• Executive Directors to participate.
• Group Chief Financial Officer to participate.

Purpose

• Discuss unaudited standalone and consolidated results for Q1 FY27 (quarter ended June 30, 2026).

Additional Notes

• Pre-registration to avoid wait time for the call.