Keystone Realtors Limited appointed Walker Chandiok & Co. LLP as its statutory auditors for a five-year term. The appointment takes effect from the conclusion of the 31st Annual General Meeting held on September 18, 2026.

The firm will serve until the conclusion of the 36th AGM. This marks a change in statutory auditors for the company, following the completion of the second term by Price Waterhouse Chartered Accountants LLP.

Auditor Transition Details

The Board of Directors approved the appointment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was ratified by shareholders at the 31st AGM.

Price Waterhouse Chartered Accountants LLP completed its tenure at the conclusion of the meeting. The company acknowledged their contribution during their two-term engagement.

Profile of New Auditors

Walker Chandiok & Co. LLP is a Limited Liability Partnership established in 1935. Registered with the Institute of Chartered Accountants of India (ICAI), the firm holds Firm Registration No. 001076N/N500013.

The audit firm operates from its registered office in New Delhi and maintains 15 branch offices across India. It provides audit and assurance services to several large entities, including top 100 listed companies in India. No relationship between the new auditors and the company's directors was disclosed.

Keystone Realtors concluded its 31st Annual General Meeting on September 18, 2026. The meeting, held via video conferencing and other audio-visual means, saw shareholders approve all 16 ordinary and special resolutions. Key outcomes included the adoption of FY26 financial statements, the reappointment of key board members, and authorization for new borrowings.

Chairman and Managing Director Boman Irani chaired the proceedings. Members adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The statutory auditor report contained no qualifications or adverse remarks.

Director Appointments

Shareholders approved the reappointment of several board members through ordinary and special resolutions. Key appointments included:

• Reappointment of Mr. Percy Chowdhry as Executive Director
• Reappointment of Mr. Boman Irani as Chairman and Managing Director
• Reappointment of Mr. Chandresh Mehta as Executive Director
• Reappointment of independent directors Mr. Ramesh Tainwala, Mr. Rahul Divan, and Ms. Seema Mohapatra

The company also approved remuneration packages for these directors and commissions payable to non-executive directors.

Other Resolutions

Members ratified the remuneration of the cost auditor for the financial year 2026-27. The meeting authorized borrowings through the issuance of non-convertible debentures, bonds, or other instruments. A new statutory auditor was appointed for the company.

Voting Process and Results

Remote e-voting was administered by National Securities Depository Limited from September 14 to September 17, 2026. DM & Associates Company Secretaries LLP served as the scrutinizer for the e-voting process. The facility remained open for 15 minutes after the conclusion of the meeting proceedings.

Total shareholder participation was significant, with votes polled representing 86.79% of outstanding shares. The promoter group voted 99.98% of its holdings, while public institutional investors polled 66.31% of their shares.

All 16 resolutions were passed with the requisite majority. The highest level of dissent was recorded against Resolution No. 12 (reappointment of Independent Director Mr. Ramesh Tainwala), where 8.34% of votes cast were against, primarily driven by public institutional investors.