Keystone Realtors Limited has informed the stock exchanges about the resignation of a key senior executive from its leadership team. The company filed the regulatory disclosure on April 14, 2026, detailing the departure of its President – Sales and Marketing.

Executive Departure Details

The resignation involves Mr. Rakesh Setia, who held the position of President – Sales and Marketing and was classified as Senior Managerial Personnel (SMP) of the company. His departure became effective from the close of business hours on April 13, 2026.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the intimation to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

Timeline and Documentation

According to the filing, Mr. Setia's resignation letter was dated January 27, 2026, indicating that advance notice was provided to the company management. The letter cited professional reasons for the resignation and requested relief by April 13, 2026. The company secretary, Bimal K Nanda, signed the regulatory filing and enclosed a copy of the resignation letter with the stock exchange notification.

Company Information

Keystone Realtors Limited operates under the Rustomjee brand and is registered in Mumbai. The company is listed on both major Indian stock exchanges with scrip code 543669 on BSE and symbol RUSTOMJEE on NSE. The regulatory filing ensures transparency regarding changes in senior management positions as required under listing regulations.

Keystone Realtors Limited has delivered outstanding operational performance for Q4FY26 and FY26, achieving record-breaking pre-sales and exceeding guidance targets across multiple parameters. The company's robust performance underscores its strong market position and execution capabilities in Mumbai's real estate sector.

Record-Breaking Pre-Sales Performance

The company achieved its highest-ever quarterly pre-sales performance in Q4FY26, demonstrating exceptional market traction and execution strength.

For the full fiscal year FY26, pre-sales reached Rs 40.22 billion compared to Rs 30.28 billion in FY25, marking a substantial 33% year-on-year growth. The company successfully achieved its pre-sales guidance for FY26, highlighting effective strategic planning and market execution.

Strong Collections and Annual Performance

Collections performance remained robust throughout FY26, with the company achieving record quarterly collections of Rs 8.53 billion in Q4FY26. Annual collections for FY26 totaled Rs 26.21 billion, representing a 13% increase from Rs 23.27 billion in FY25.

Exceptional Project Launch and Development Activity

The company launched 2 projects in Q4FY26 with a combined saleable area of 0.69 million square feet and estimated GDV of Rs 39.78 billion. These launches included "Bandstand Cama" at Bandra West and "Rustomjee Vista Bay" at Sewri.

For the full year FY26, Keystone Realtors launched 7 projects with an estimated GDV of Rs 98.13 billion, compared to Rs 50.19 billion in FY25, representing remarkable 96% year-on-year growth. The company achieved 140% of its full-year launch guidance of Rs 70 billion.

Strategic Business Development Achievements

Business development activities showed exceptional momentum, with the company adding 1 project in Q4FY26 having saleable area of 0.84 million square feet and estimated GDV of Rs 17.72 billion ("Om Nagar CHSFL" at Andheri East).

All new additions are redevelopment projects, aligning with the company's strategy to maintain leadership in Mumbai's redevelopment space. The projects include "GTB Nagar" at Sion, "Lokhandwala Cluster" at Andheri West, "Swarganga CHSL" at Dindoshi Nagar Cluster, "The Homestead CHSL" at Lokhandwala Cluster, and "Om Nagar CHSFL" at Andheri East.

Project Completions and Credit Rating Updates

The company completed 3 projects in Q4FY26 with construction area of 0.25 million square feet. For the full year FY26, 6 projects totaling 2.23 million square feet were completed.

Keystone Realtors received enhanced credit recognition, with India Ratings assigning a credit rating of "A+ (with Positive Outlook)" in addition to ICRA's existing "A+ (with Stable Outlook)" rating, reflecting the company's strong financial position and business prospects.