Event Details

Keystone Realtors Limited will hold its 31st Annual General Meeting on Friday, September 18, 2026 at 04:00 PM (IST) through Video Conferencing/Other Audio Visual Means facility. The meeting will be conducted virtually in compliance with MCA circulars and SEBI regulations.

Ordinary Business Items

1. Adoption of Financial Statements

  • To receive, consider and adopt the audited standalone Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors
  • To receive, consider and adopt the audited consolidated Financial Statements for FY 2025-26 with Report of Auditors

2. Director Re-appointment

  • To appoint Mr. Percy Chowdhry (DIN: 00057529) who retires by rotation as Director

3. Statutory Auditor Appointment

  • To appoint M/s. Walker Chandiok & Co. LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) as Statutory Auditor for 5 years from conclusion of AGM until 2031 AGM
  • Proposed remuneration for FY 2026-27: ₹70 Lakh excluding applicable taxes and out of pocket expenses
  • Replaces M/s. Price Waterhouse Chartered Accountants LLP who completed two consecutive terms

Special Business Items

4. Cost Auditor Remuneration Ratification

  • To ratify remuneration of ₹1,05,000/- exclusive of applicable taxes and out of pocket expenses to M/s. Joshi Apte & Associates for cost audit for FY 2026-27

5. Re-appointment of Mr. Boman Irani as Chairman and Managing Director

  • Re-appointment for 5 years from May 11, 2027 to May 10, 2032
  • Not subject to retire by rotation
  • Remuneration approval sought for ₹5.15 Crores – ₹7.50 Crores per annum (excluding perquisites) for 3 years from April 01, 2026 to March 31, 2029
  • Perquisites include: company-provided car with maintenance/fuel/driver, accommodation with rent up to ₹5.52 Lakh per month plus utilities with 5% annual escalation
  • Current remuneration: ₹5.15 crore p.a. fixed plus ₹52 Lakh p.a. perquisites
  • Shareholding: 4,55,84,460 equity shares

6. Re-appointment of Mr. Chandresh Mehta as Executive Director

  • Re-appointment for 5 years from May 11, 2027 to May 10, 2032
  • Subject to retire by rotation
  • Remuneration approval sought for ₹5.15 Crores – ₹7.50 Crores per annum (excluding perquisites) for 3 years from April 01, 2026 to March 31, 2029
  • Same perquisite structure as Mr. Boman Irani
  • Current remuneration: ₹5.15 crore p.a. fixed plus ₹52 Lakh p.a. perquisites
  • Shareholding: 2,27,67,230 equity shares

7. Re-appointment of Mr. Percy Chowdhry as Executive Director

  • Re-appointment for 5 years from May 11, 2027 to May 10, 2032
  • Subject to retire by rotation
  • Remuneration approval sought for ₹3.08 Crores – ₹4.50 Crores per annum (excluding perquisites) for 3 years from April 01, 2026 to March 31, 2029
  • Perquisites include: company-provided car with maintenance/fuel/driver, accommodation with rent up to ₹2.76 Lakh per month plus utilities with 5% annual escalation
  • Current remuneration: ₹3.08 crore p.a. fixed plus ₹34 Lakh p.a. perquisites
  • Shareholding: 2,27,92,230 equity shares
  • Brother of Mr. Boman Irani

8. Re-appointment of Independent Directors

  • Mr. Ramesh Tainwala (DIN: 00234109) for second term of 5 years from May 11, 2027 to May 10, 2032
  • Mr. Rahul Divan (DIN: 00001178) for second term of 5 years from May 11, 2027 to May 10, 2032
  • Ms. Seema Mohapatra (DIN: 02608087) for second term of 5 years from May 11, 2027 to May 10, 2032
  • All three directors have no shareholding in the company

9. Commission to Non-Executive Directors

  • Approval sought for commission payment to Non-Executive Directors:
  • Upto 1% of net profit in aggregate, OR
  • ₹15,00,000/- per annum per Non-Executive Director, whichever is less
  • Additional commission of ₹10,00,000/- per annum to Mr. Rahul Divan for additional responsibilities as NFRA nodal officer and ESG Committee member
  • Payment period: April 01, 2026 to March 31, 2029

10. Borrowing Authorization

  • Approval sought for borrowing up to ₹1,500 Crores through issuance of Non-Convertible Debentures/Bonds/other instruments
  • Private placement basis in one or more tranches during 1 year from resolution date
  • Can be secured or unsecured, listed or unlisted
  • Within overall borrowing limits of the company

Financial Performance Reference

  • FY25-26 Total Income: ₹84,743 Lakhs (FY24-25: ₹75,575 Lakhs)
  • FY25-26 Total Expenses: ₹79,831 Lakhs (FY24-25: ₹62,707 Lakhs)
  • FY25-26 Profit after tax: ₹4,072 Lakhs (FY24-25: ₹9,345 Lakhs)

Voting Arrangements

  • Remote e-Voting period: September 14, 2026 (09:00 AM) to September 17, 2026 (05:00 PM)
  • Cut-off date for voting rights: September 11, 2026
  • Scrutinizer: Mr. Dinesh Kumar Deora (CoP No. 4119) of DM & Associates Company Secretaries LLP
  • VC/OAVM facility provided by NSDL with capacity for 1,000 members on first-come-first-served basis

Document Availability

  • Notice and Annual Report available on company website: https://www.rustomjee.com/investor-relations/
  • Also available on BSE (www.bseindia.com) and NSE (www.nseindia.com) websites
  • Physical copies available on request