Keystone Realtors Limited has been appointed as the developer for a major society redevelopment project in Mumbai's Andheri (East) area. The company announced on February 16, 2026, that it has been selected to redevelop the Om Nagar Co-operative Housing Society Federation Limited, marking a significant addition to its project portfolio.

Project Overview

The redevelopment project encompasses eight housing societies situated on strategically located land measuring approximately 20,569.90 square meters in Andheri (East), Mumbai, Maharashtra. This landmark project represents one of the larger society redevelopment initiatives in the western suburbs.

Strategic Significance

The project aligns with Rustomjee's strategy to expand its presence in prime suburban markets and build a diversified portfolio across micro-markets and ticket sizes. The development focuses on creating gated communities and holistic lifestyle offerings through large-layout redevelopments, reinforcing the company's position in Mumbai's high-growth western suburbs.

According to Mr. Boman Irani, Chairman and Managing Director of Keystone Realtors Limited, the project exemplifies the company's focus on scale, location, and value creation. He emphasized that this assignment underscores the confidence placed in Rustomjee's ability to execute large-scale, complex urban redevelopment projects and deliver well-planned communities.

Company Portfolio Strength

This addition further strengthens Rustomjee's project pipeline for the current financial year, continuing its momentum of adding strategically located, high-potential redevelopment projects in key urban clusters. The company has established itself as a leader in the redevelopment space with substantial experience in housing families through various redevelopment initiatives.

Market Position

Incorporated in 1995, Keystone Realtors Limited operates as one of the prominent MMR-based real estate developers. The company maintains a comprehensive portfolio spanning the Mumbai Metropolitan Region with projects covering all price points from mass market to luxury segments. Its strategic asset-light approach, integrated real estate development model, and focus on quality and detail provide competitive advantages in the market.

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.