Keystone Realtors Limited has informed the Exchange about General Updates
RUSTOMJEE · price
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Keystone Realtors Limited (Rustomjee brand) has incorporated a wholly owned subsidiary named Keymidtown Developers Private Limited on July 23, 2025. The new entity will operate in the real estate and construction sector and has been set up specifically for the development of a new project. Keystone will hold 100% of the subsidiary, subscribing to shares at par value of Rs. 10 per share, with an initial paid-up capital of Rs. 10,000. No government or regulatory approvals were required for this incorporation, and the subsidiary is based in India.
This is a routine corporate action commonly used by real estate developers to ring-fence individual projects under separate entities. With minimal initial capital and no financial commitments disclosed, there is no immediate material impact on shareholders, though it signals Keystone's intent to launch a new project through this dedicated vehicle.