Keystone Realtors Limited — Others, 11-11-2024: Monitoring Agency Report

Keystone Realtors Limited has shared a monitoring agency report confirming that there were no deviations in the utilization of proceeds from its Rs. 800 crore Qualified Institutional Placement (QIP) for the quarter ended September 30, 2024. Of the net proceeds of Rs. 782.72 crore, Rs. 209.30 crore has been utilized, mainly for funding land acquisition and repayments of debt. This oversight provides reassurance regarding the company's capital management, supporting a positive outlook among investors as it aligns with its stated objectives. The report will be available on the company’s website for further review.