Keystone Realtors Limited has informed the Exchange regarding Notice of Postal Ballot
RUSTOMJEE · price
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Awaiting price reaction for this filing.
Keystone Realtors Limited (brand: Rustomjee) has issued a Postal Ballot Notice seeking shareholder approval to raise up to ₹1,500 crore in capital. The funds can be raised through one or more methods, including equity shares, Qualified Institutions Placement (QIP), Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs), warrants, or convertible preference shares/debentures — in one or more tranches. This requires a Special Resolution, meaning 75% shareholder approval is needed. Shareholders will vote via remote e-voting through NSDL between June 22, 2025 and July 21, 2025, with results expected by July 23, 2025.
If approved, the company gets broad flexibility to raise fresh capital, which could dilute existing shareholders depending on the size and pricing of any eventual issuance. The stock may see some short-term volatility around the postal ballot outcome, and investors should watch for further announcements on how much capital is actually raised and at what price.