Keystone Realtors Limited — Others, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Keystone Realtors Limited has confirmed there is no deviation in the use of proceeds from their Qualified Institutional Placement (QIP), totaling ₹800 crore, as detailed in their Monitoring Agency Report for the quarter ended December 31, 2024. This report highlights that the net proceeds of ₹782.72 crore were utilized in alignment with the objectives outlined in the placement document. The positive outlook for investors remains as the firm efficiently adheres to its funding plans, maintaining strong governance over fund deployment, which can reinforce shareholder confidence amid the ongoing real estate landscape.