Boman Rustom Irani, Percy Sorabji Chowdhry and Chandresh Dinesh Mehta have informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 45,76,000 Equity shares of face value of INR 10/- each of Keystone Realtors Limited. Date and time of the opening of the offer for Non-Retail Investors: October 15, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: October 15, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: October 16, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: October 16, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 550/- (Rupees Five Hundred and Fifty only)
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Three promoters of Keystone Realtors Limited — Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta — plan to sell up to 45.76 lakh equity shares through the stock exchange OFS route at a floor price of INR 550 per share. The offer opens for non-retail investors on October 15, 2025 (9:15 a.m. to 3:30 p.m.) and for retail investors on October 16, 2025 (9:15 a.m. to 3:30 p.m.). The sale will take place on a separate stock exchange window on each day. This is a promoter-driven share sale, allowing public and institutional investors to subscribe at or above the floor price.
The OFS increases the floating supply of Keystone Realtors shares in the market, which can put short-term downward pressure on the stock price depending on demand. Existing shareholders may see some dilution of promoter holding but the floor price provides a reference for valuation.