Keystone Realtors Limited has informed the Exchange about Board Comments on fine levied by the Exchange
RUSTOMJEE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.5 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Keystone Realtors Limited received a notice from BSE and NSE dated June 13, 2025, for not providing prior intimation of a board meeting that included a dividend declaration, as required under SEBI LODR Regulation 29. Each exchange imposed a penalty of Rs 10,000 for this non-compliance. The company explained that the dividend was not part of the original board agenda; the board, based on the recommendation of Independent Directors, decided to declare the dividend during the May 14, 2025 meeting. The board, in its meeting on August 5, 2025, acknowledged the oversight in not giving prior intimation and confirmed that the disclosure was made in the outcome filing of the board meeting.
The penalty amount of Rs 20,000 (Rs 10,000 from each exchange) is very small relative to the company's size and is unlikely to have any material impact on shareholders or the stock price. However, the disclosure highlights a minor compliance lapse in timely intimation to stock exchanges.