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.

Keystone Realtors has jointly incorporated One Landmark House LLP to expand its real estate business. The new limited liability partnership features a 50% profit-sharing ratio and an initial investment of ₹50,000.

The company disclosed the formation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the transaction is not a related-party deal and does not involve promoter or group company interests.

Transaction Details

One Landmark House LLP was incorporated on September 8, 2026. As a newly formed entity, its turnover is currently nil. The partnership is structured for real estate operations, aligning with Keystone Realtors' core business lines.

Strategic Context

The move represents a low-cost entry into a specific project or venture through the LLP structure. With no governmental approvals required and an arm's length nature confirmed by the disclosure, the setup allows for streamlined operational flexibility.

The initial capital contribution of ₹50,000 indicates that significant funding commitments are likely deferred until project execution phases or subsequent rounds of partnership contributions. This structure isolates project-specific risks while maintaining equal profit distribution rights between the partners.