Keystone Realtors Limited — Others, 05-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Keystone Realtors has confirmed that all proceeds from its Rs. 800 crore Qualified Institutional Placement (QIP) have been fully utilized as per the stated objectives. The company and its monitoring agency, CARE Ratings, reported no deviation in the use of funds for the quarter ended June 30, 2025. The net proceeds of Rs. 782.72 crore were primarily used for part-funding land acquisition and development costs (Rs. 490 Cr), repaying borrowings (Rs. 110 Cr), and general corporate purposes (Rs. 182.72 Cr), which included landowner and vendor payments. This update assures shareholders of transparent fund deployment.