Keystone realtors Limited has announced the allotment of 2,708 equity shares under its Employee Stock Option Plan 2022. The allotment was approved by the company's Stakeholders Relationship Committee on February 10, 2026, as communicated to the stock exchanges.

ESOP Allotment Details

The company has provided comprehensive details regarding the share allotment under its employee stock option scheme:

Share Characteristics and Rights

The newly allotted equity shares will carry identical rights and privileges as the existing equity shares of the company. These shares shall rank pari-passu in all aspects with the current equity shares, ensuring equal treatment for all shareholders regarding dividends, voting rights, and other corporate benefits.

Regulatory Compliance

Keystone Realtors Limited has fulfilled its disclosure obligations by informing both major stock exchanges about this allotment. The communication was sent to BSE Limited and National Stock Exchange of India Limited, requesting them to update their records with this information. The company secretary and compliance officer, Bimal K Nanda, signed the disclosure document on behalf of the company.

Corporate Communication

The formal communication was addressed to the listing departments of both exchanges, with BSE Limited identified by scrip code 543669 and National Stock Exchange by scrip symbol RUSTOMJEE. This ensures proper documentation and transparency in the company's equity allotment process under the employee stock option plan.

Keystone Realtors conducted its Q3FY26 earnings conference call on February 4, 2026, providing comprehensive insights into the company's financial performance and strategic initiatives. The real estate developer demonstrated resilience with strong presales performance while navigating market challenges during the quarter.

Strong Presales Performance

The company achieved encouraging presales performance during Q3FY26, with management highlighting significant growth momentum. The presales figures reflect the strategic choices made in business development and launches, supported by continued customer confidence in the Rustomjee brand.

Project Launches and Business Development

Keystone Realtors launched one project in Q3FY26 with an estimated GDV of INR 919 crores, bringing the total launches for the year to 5 projects worth INR 5,835 crores. This achievement represents 83% of the company's full-year launch target. The company has significantly improved its go-to-market timelines, with projects typically moving from development agreement to launch within 12 months.

Cluster Redevelopment Focus

The company added another project to its Lokhandwala Cluster during Q3FY26, bringing the total estimated GDV of this cluster to approximately INR 3,900 crores. For the nine months of FY26, Keystone added 4 projects with an estimated GDV of INR 8,650 crores, representing 1.44 times their annual guidance. The company's cluster redevelopment projects include Lokhandwala, GTB Nagar, Dindoshi, and Malad West, with a combined GDV of approximately INR 12,500 crores across all four clusters.

Financial Position and Liquidity

The company maintained a strong financial position with gross debt of INR 625 crores as of December 31, 2025, translating to a gross debt-to-equity ratio of 0.22:1. Keystone ended the quarter with free cash of INR 717 crores, maintaining its net cash positive status. Construction spend increased by 18% year-on-year to INR 718 crores for the nine months of FY26.

Commercial Real Estate Expansion

The company is expanding its focus on commercial real estate as a natural extension of its development capabilities. The successful launch of 33fifteen at Bandra West, a marquee commercial project with an estimated GDV of INR 950 crores, has seen 18% of launched inventory already sold. Another commercial launch is planned for the first half of FY27 at Prabhadevi with an estimated GDV of INR 1,150 crores.

Project Completions and Awards

During the nine months of FY26, Keystone completed 3 projects covering approximately 1.98 million square feet, including Rustomjee Belle Vue, Paramount F Wing, and Rustomjee Crown Tower C. The company received multiple awards, including the Green Champion Award from IGBC and three CREDAI awards for various projects, demonstrating its commitment to quality and sustainability.