Keystone Realtors to hold meeting on September 10 consider and approve raising funds through debentures

Keystones Realtors, also known as Rustomjee, will hold a meeting on Wednesday, September 10, for consideration and approval to raise funds through debentures.

In an exchange filing, the company said that the meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, September 10, 2025, inter alia, to consider and approve raising funds through debentures.

Earlier this year, while speaking to CNBC-TV18, Chairman and Managing Director Boman Rustom Irani said the company has achieved more than 25% of its annual pre-sales guidance in the first quarter.

Irani said, “We’ve already locked in projects worth over ₹7,700 crore against our full-year guidance of ₹6,000 crore,” he said, adding that the April-June 2025 quarter of the financial year 2025-26 (FY26) also saw project launches worth nearly ₹4,000 crore."

In the first quarter, the company recorded a net profit of ₹14.5 crore, compared to the previous cycle's ₹26 crore, marking a 44% drop YoY. The company accrued revenue of ₹273 crore, compared to ₹422 crore, with a 35% decline YoY.

The company had an Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of ₹13.4 crore compared to ₹43.4 crore YoY. The company had a margin of 5% against 10% YoY.

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