Keystone Realtors has scheduled its 31st Annual General Meeting for September 18, 2026, at 4:00 pm via Video Conferencing or Other Audio Visual Means. The meeting will address board re-appointments and authorize significant debt capacity via Non-Convertible Debentures.

The company circulated the AGM notice and Annual Report for FY26 to members on August 25, 2026. The event is conducted in accordance with Ministry of Corporate Affairs and SEBI circulars. Shareholders holding shares as on the cut-off date of September 11, 2026, are eligible to vote.

Voting Schedule

Remote e-voting through the National Securities Depository Limited system will commence on September 14, 2026, at 9:00 am and end on September 17, 2026, at 5:00 pm. Members who cast their votes remotely will not be entitled to vote again during the meeting. The remote e-voting module will be blocked after the deadline.

Leadership Re-Appointments

The Nomination and Remuneration Committee recommended the re-appointment of Mr. Boman Irani as Chairman and Managing Director for five years from May 11, 2027. Mr. Irani will not be subject to retirement by rotation. Similarly, Mr. Chandresh Mehta and Mr. Percy Chowdhry are set for re-appointment as Executive Directors for five-year terms starting May 11, 2027, subject to retirement by rotation.

Independent directors Mr. Ramesh Tainwala, Mr. Rahul Divan, and Ms. Seema Mohapatra are also up for re-appointment for second five-year terms expiring in May 2032.

Remuneration Approvals

Shareholders will consider special resolutions to approve remuneration scales for the executive directors for three years from April 1, 2026, to March 31, 2029:

The proposed salary scales remain unchanged from those approved in September 2023, though certain perquisites will be discontinued. The company noted that these resolutions are passed as a matter of precaution given potential variability in future profitability.

Debt Authorization

A special resolution seeks shareholder consent for the Board to issue NCDs, bonds, or other instruments on a private placement basis. The total borrowing amount is capped at ₹1,500 crore over one year from the date of resolution passage. These borrowings must remain within the company’s overall borrowing limits approved by shareholders.

Auditor Appointment

M/s. Walker Chandiok & Co. LLP has been recommended as Statutory Auditor for five years until the 2031 AGM, replacing M/s. Price Waterhouse Chartered Accountants LLP. The proposed remuneration for FY26-27 is ₹70 lakh excluding taxes.

What the Numbers Show

The divergence between revenue growth and profit contraction highlights margin pressure. Total income rose 12% to ₹84,743 lakh in FY26, yet profit after tax fell 56% to ₹4,072 lakh. This indicates that total expenses grew faster than revenue, expanding by 27% to ₹79,831 lakh during the same period.

Keystone Realtors Limited has approved the issuance of non-convertible debentures (NCDs) aggregating up to ₹405 crore on a private placement basis. The Board of Directors sanctioned the fund-raising proposal during its meeting held on August 26, 2026.

Deal Structure

The company notified stock exchanges of the outcome, detailing that the instruments will be fully paid-up, senior, secured, redeemable, listed, and rated. The issuance is structured as a private placement, aimed at raising capital for corporate purposes.

Meeting Timeline

The Board meeting commenced at 5:30 pm and concluded at 6:00 pm on August 26, 2026. This session followed the intimation issued on August 21, 2026, which had scheduled the meeting under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bimal K Nanda, Company Secretary and Compliance Officer of Keystone Realtors, confirmed the approval and uploaded the details to the company's website.