Keystone Realtors Limited , a prominent player in the real estate sector, has announced a significant addition to its leadership team. The company has appointed Mr. Chetan Deshpande as Senior Management Personnel (SMP) and Senior Personnel in the Human Resources department, effective October 1, 2025.

A Wealth of Experience

Mr. Deshpande brings over 25 years of HR leadership experience to Keystone Realtors. His diverse background spans multiple industries, including apparel, manufacturing, FMCG, technology, and pharmaceuticals. This extensive experience is expected to be a valuable asset to Keystone Realtors as it continues to grow and evolve in the competitive real estate market.

Educational Background

Chetan Deshpande's educational credentials are impressive. He holds a B.Tech in Mechanical Engineering from G.I.T Belgaum and an MBA in Human Resources from the prestigious Ross School of Business at the University of Michigan, USA. Additionally, he has completed the Leadership Excellence Program at Harvard Business School, further enhancing his management and leadership skills.

Professional Journey

Throughout his career, Mr. Deshpande has held key leadership positions in several renowned organizations:

• Texport Industries
• Genus Power
• Gabriel India
• Ferrero (APAC)
• Hewlett Packard
• Sanofi Aventis

In his most recent role as Chief Human Resources Officer (CHRO) at Texport Industries, Deshpande was responsible for overseeing HR operations for more than 13,000 employees across 13 manufacturing units and international offices in the US, Spain, and Hong Kong.

Global Expertise

Mr. Deshpande's experience extends beyond national boundaries. He has successfully led end-to-end people functions, organizational transformations, global HR operations, and large-scale change management initiatives across India, Europe, the US, and Asia. This global perspective is likely to be particularly valuable as Keystone Realtors navigates the complexities of the real estate industry.

Independence and Compliance

In line with regulatory requirements, Keystone Realtors has confirmed that Mr. Deshpande has no relationship with the company's directors, ensuring independence in his role as Senior Management Personnel.

The appointment of Chetan Deshpande underscores Keystone Realtors' commitment to strengthening its leadership team with experienced professionals. As the company continues to expand its operations, Mr. Deshpande's extensive HR experience and global perspective are expected to play a crucial role in shaping the company's human resource strategies and supporting its growth objectives.

Keystone Realtors Limited, operating under the brand name Rustomjee, has announced a significant move to bolster its financial position. The company's board of directors has given the green light to a fundraising initiative worth ₹375.00 crore through the issuance of non-convertible debentures (NCDs).

Fundraising Details

The board approval outlines the following key points:

• Instrument: Fully paid up, senior, secured, redeemable, listed, rated non-convertible debentures (NCDs)
• Total Amount: ₹375.00 crore
• Face Value: ₹1,00,000 per NCD
• Placement: Private placement basis

Strategic Implications

This move by Keystone Realtors, a prominent player in the real estate sector, signals a strategic approach to capital raising. By opting for NCDs, the company is leveraging a debt instrument that allows it to raise funds without diluting existing shareholder equity.

Investor Perspective

For potential investors, this offering presents an opportunity to invest in secured, rated debentures from a listed real estate company. The private placement nature of the issuance suggests that the company may be targeting select institutional or high-net-worth investors for this fundraise.

Company Background

Keystone Realtors Limited, known for its Rustomjee brand, is a significant player in the Indian real estate market.

Market Impact

While the specific use of funds has not been detailed in the announcement, this substantial capital raise could potentially be directed towards ongoing projects, debt refinancing, or new land acquisitions. The market will likely be watching closely to see how this infusion of capital impacts the company's operations and financial health in the coming quarters.

The board meeting that approved this fundraising initiative commenced at 3:30 PM and concluded at 4:00 PM on the day of the announcement. As the real estate sector continues to evolve, moves like this by established players such as Keystone Realtors will be crucial in shaping the industry's financial landscape.