Keystone Realtors Announces Partial Redemption of NCDs, Reducing Face Value from ₹1,00,000 to ₹88,059.70

Keystone Realtors Announces Partial Redemption of Listed Debentures

Keystone Realtors Limited, operating under the brand 'Rustomjee', is a leading real estate developer in Mumbai Metropolitan Region. The company has announced a partial redemption of its listed non-convertible debentures (NCDs), a move that reflects its capital management strategy.

Redemption Details

The announcement involves a partial redemption of NCDs, reducing face value from Rs. 100,000 to Rs. 88,059.7 per debenture. The intimation complies with SEBI Listing Regulations and is available on the company's website.

About the NCD Issuance

In November 2025, Keystone Realtors raised funds through a listed NCD with the issue of INR 335 crores, which is proposed to be utilized for the growth of the company. This partial redemption represents the company's approach to managing its debt structure as it executes its expansion plans.

Company Performance and Scale

Keystone Realtors launched projects worth ₹10,000 crore in the past year. The company's Q4 pre-sales rose 53% year-on-year to ₹1,346 crore; collections grew 14% to ₹853 crore. Keystone Realtors posted record FY26 pre-sales of Rs 40.2B, collections Rs 26.2B.

Strategic Focus

The company was incorporated in 1995 and is based in Mumbai, India. Keystone Realtors has added 3 strategic Redevelopment projects with a combined GDV of INR 7,727 crores. The company's financial discipline and asset-light model continue to characterize its development strategy across the Mumbai Metropolitan Region.