Keystone Realtors Limited — Others, 05-08-2025: Monitoring Agency Report

Keystone Realtors has received its QIP proceeds utilization report for the quarter ended June 30, 2025. The monitoring agency confirmed no deviation in how the Rs. 800 crore Qualified Institutional Placement funds were used. The net proceeds of Rs. 782.72 crore have been fully deployed. This includes Rs. 490 crore for land acquisition and development activities, Rs. 110 crore for debt repayment, and Rs. 182.72 crore for general corporate purposes, which covered landowner and vendor payments. This indicates the company is diligently adhering to its stated funding objectives, crucial for shareholder trust.