Keystone Realtors Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
RUSTOMJEE · price
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Keystone Realtors Limited (Rustomjee) has notified the 30th AGM scheduled for Thursday, September 18, 2025 at 4:00 PM IST, to be held via video conferencing. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY 2024-25 and approve a final dividend of ₹1.5 per equity share (face value ₹10). The Board is seeking re-appointment of Mr. Chandresh Mehta (DIN: 00057575), Executive Director holding 2.39 crore shares, who retires by rotation. A key proposal is authorization to raise up to ₹1,500 Crores through Non-Convertible Debentures/bonds on a private placement basis, in one or more tranches over the next year. Other items include appointing DM & Associates as Secretarial Auditor for 5 years (FY26–FY30) and approving ₹1.05 lakh remuneration for M/s Joshi Apte & Associates as Cost Auditor for FY26. The record date for dividend entitlement was May 23, 2025, and e-voting will be facilitated by NSDL from September 13–17, 2025.
The ₹1,500 Crore NCD borrowing authorization is the most material item, giving the company significant headroom to raise debt for real estate operations without seeking fresh shareholder approval. The modest ₹1.5 per share dividend signals steady but conservative returns, while the AGM resolutions are largely procedural and unlikely to materially move the stock.