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Keystone Realtors LimitedOthers, 20-06-2025: Shareholders meeting

20-06-2025 | 07:21 pm

Keystone Realtors Limited has announced a board meeting regarding a Postal Ballot to seek shareholder approval for raising capital through issuance of equity shares and/or other eligible securities for an aggregate amount up to ₹1,500 Cr. The fundraise aims to support growth initiatives including deleveraging, debt repayment, funding ongoing and upcoming projects, acquisitions, and general corporate purposes. The Board is authorized to decide the timing, pricing, investor categories (including QIBs and foreign investors), and instrument types such as equity shares, convertible debentures, warrants, GDRs, ADRs, or FCCBs. The issuance will comply with applicable laws, and no promoter or related party will participate in the QIP portion. Proceeds deployment and detailed terms will be finalized by the Board without requiring further shareholder approval. Voting on the resolution will be conducted through remote electronic voting.

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