RUSTOMJEEBSEKeystone Realtors LtdMediumNeutral
Announced Wed, 1 Oct · 21:39 IST

Intimation under Regulation 30 - Appointment of SMP Appointment of Mr. Chetan Deshpande as SMP

Management Changes View source PDF

RUSTOMJEE · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Keystone Realtors Ltd (brand: Rustomjee) has appointed Mr. Chetan Deshpande as a Senior Management Personnel heading the HR function, effective October 1, 2025. He holds a B.Tech from G.I.T Belgaum, an MBA in HR from the University of Michigan's Ross School of Business, and has completed a Leadership Excellence Program at Harvard Business School. He brings over 25 years of HR leadership experience across industries including apparel, manufacturing, FMCG, technology, and pharmaceuticals, having previously worked at Texport Industries, Genus Power, Gabriel India, Ferrero (APAC), Hewlett Packard, and Sanofi Aventis. Most recently, he served as CHRO at Texport Industries, where he oversaw HR for over 13,000 employees across 13 manufacturing units in India, the US, Spain, and Hong Kong. No familial relationship with any director was disclosed.

Likely market impact

This is a routine mid-level senior management hire for the HR function and is unlikely to materially move the stock. It signals the company's continued investment in strengthening its people and organizational capabilities as it scales.