Integrated Filing — IndAS



General information about company

Scrip Code 543669
NSE Symbol RUSTOMJEE
MSEI Symbol NOTLISTED
ISIN INE263M01029
Name of company KEYSTONE REALTORS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 12-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Real Estate and allied activities
Start date and time of board meeting 12-05-2026   12:30:00
End date and time of board meeting 12-05-2026   13:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,59,597.00 2,63,454.00
Other income 1,739.00 8,231.00
Total income 1,61,336.00 2,71,685.00
2 Expenses
(a) Cost of materials consumed 87,566.00 1,88,654.00
(b) Purchases of stock-in-trade 0.00 200.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 49,659.00 19,920.00
(d) Employee benefit expense 4,559.00 16,330.00
(e) Finance costs 3,294.00 7,908.00
(f) Depreciation, depletion and amortisation expense 580.00 1,786.00
(f) Other Expenses
1 Other Expenses 9,664.00 26,139.00
Total other expenses 9,664.00 26,139.00
Total expenses 1,55,322.00 2,60,937.00
3 Total profit before exceptional items and tax 6,014.00 10,748.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 6,014.00 10,748.00
6 Tax expense
7 Current tax 6,121.00 7,120.00
8 Deferred tax (5,758.00) (5,565.00)
9 Total tax expenses 363.00 1,555.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 5,651.00 9,193.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 714.00 302.00
16 Total profit (loss) for period 6,365.00 9,495.00
17 Other comprehensive income net of taxes 76.00 (97.00)
18 Total Comprehensive Income for the period 6,441.00 9,398.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 5,320.00 7,792.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 1,121.00 1,606.00
21 Details of equity share capital
Paid-up equity share capital 12,624.00 12,624.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2,73,708.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.15 6.25
Diluted earnings (loss) per share from continuing operations 4.12 6.21
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.15 6.25
Diluted earnings (loss) per share from continuing and discontinued operations 4.12 6.21
24 Debt equity ratio 0.5100 0.5100
25 Debt service coverage ratio 1.8500 0.9800
26 Interest service coverage ratio 2.1600 2.4900
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.TheaboveconsolidatedfinancialresultsforthequarterandfullyearendedMarch31,2026oftheKeystoneRealtorsLimited(''theCompany'')anditssubsidiaries(collectively''theGroup'')anditsinterestinassociates,jointventuresandjointlycontrolledentities(referannexure1),werereviewedbytheAuditCommitteeandapproved by the Board of Directors of the Company at their meeting held on May 12, 2026 2. heaboveunauditedconsolidatedfinancialresultshavebeenpreparedinaccordancewiththerecognitionandmeasurementprincipleslaiddownintheapplicableIndian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013, as amended, read with relevant rules thereunder 3. ThefiguresofthequarterendedMarch31,2026andMarch31,2025arebalancingfigurebetweenauditedfiguresinrespectofthefullfinancialyearandthepublishedyear to date figures up to the third quarter of the respective financial years. 4. TheGroupisexclusivelyengagedinthebusinessofrealestateandalliedactivities.ThisinthecontextofIndianAccountingStandard(IndAS108)“OperatingSegments, constitutes single operating segment. The Group does not have operations outside India, hence geographical segment is not applicable. 5. During the year ended March 31,2026, the company allotted 33,500 fully paid up, senior, secured, redeemable, listed, rated non-convertible debentures (NCDs) of INR100,000/- each amounting to INR 33,280 lakh (net of issuance expenses of INR 293 lakh and inclusive of premium on issue of INR 73 lakh) which has been listed on BSE Limited. The NCDs are secured against (i) a first ranking exclusive charge on unsold units, outstanding cash flows from sold units and related rights in Project 'Rustomjee Crown' of its wholly owned subsidiary, Real Gem Buildtech Private Limited (RGBPL) (ii) a first ranking exclusive charge by the Company over the Debenture Redemption Account, ISRA (Interest Service Redemption Account) Amount and (iii) secured by an irrevocable and unconditional corporate guarantee by RGBPL pursuant to the Deed of Guarantee. 6. On November 21, 2025, the Government of India notified the four consolidated Labour Codes, replacing multiple existing Labour laws. Based on the rules notified till date and available guidance, the Group has assessed the impact of the changes in accordance with Ind AS 19 and based on actuarial valuation, has recognised an increase in gratuity liability arising due to application of the New Labour Codes as a past service cost of Rs.452 lakhs under Employee benefit expenses in the financial statements for the year ended March 31, 2026. The Group will continue to monitor for additional impacts, if any in the period in which state rules are notified including any further clarifications/updates received in relation to new labour codes. 7. For Formula used for Calculation of Ratio and Financial Indicators and for other detailed note, please refer PDF of results uploaded on Stock Exchange website.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2,179.00
Capital work-in-progress
Investment property 799.00
Goodwill 31,824.00
Other intangible assets 1.00
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 29,951.00
Non-current financial assets
Non-current investments 24,304.00
Trade receivables, non-current
Loans, non-current 700.00
Other non-current financial assets
1 Other Financial Assets 2,149.00
2 Current Tax Assets (net) 7,515.00
3 Right of Use assets 1,758.00
Total of other non-current financial assets 11,422.00
Total non-current financial assets 36,426.00
Deferred tax assets (net) 5,941.00
Other non-current assets
1 Other non - current assets 1,948.00
Total of other non-current assets 1,948.00
Total non-current assets 1,09,069.00
2 Current assets
Inventories 3,66,936.00
Current financial asset
Current investments 375.00
Trade receivables, current 33,899.00
Cash and cash equivalents 46,821.00
Bank balance other than cash and cash equivalents 41,409.00
Loans, current 9,691.00
Other current financial assets
Total of other current financial assets 24,085.00
Total current financial assets 1,56,280.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 39,972.00
Total of other current assets 39,972.00
Total current assets 5,63,188.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 6,72,257.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 12,624.00
Other equity 2,73,708.00
Total equity attributable to owners of parent 2,86,332.00
Non controlling interest 3,112.00
Total equity 2,89,444.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 41,722.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 884.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 18,868.00
Total Trade payable 19,752.00
Other non-current financial liabilities
1 Lease Liabilities 1,381.00
Total of other non-current financial liabilities 1,381.00
Total non-current financial liabilities 62,855.00
Provisions, non-current 1,089.00
Deferred tax liabilities (net) 1,262.00
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 65,206.00
Current liabilities
Current financial liabilities
Borrowings, current 1,04,621.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,191.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,02,320.00
Total Trade payable 1,04,511.00
Other current financial liabilities
1 Other Financial Liabilities 16,139.00
2 Current Tax Liabilities (net) 3,824.00
3 Lease Liabilities 676.00
Total of other current financial liabilities 20,639.00
Total current financial liabilities 2,29,771.00
Other current liabilities 86,048.00
1 Other Current Liabilites 86,048.00
Total of other current liabilities 86,048.00
Provisions, current 1,788.00
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 3,17,607.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3,82,813.00
Total equity and liabilites 6,72,257.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit obligations 97.00 (95.00)
2 Income Tax Effect (25.00) 19.00
3 Share of other comprehensive loss of assoicates and joint ventures accounted for using the equity method (net of tax) 4.00 (21.00)
Total Amount of items that will not be reclassified to profit and loss 76.00 (97.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 76.00 (97.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 10,748.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 13,551.00
Adjustments for decrease (increase) in inventories 19,118.00
Adjustments for decrease (increase) in trade receivables, current (25,632.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 1,265.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (804.00)
Adjustments for other financial assets, current (5,037.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 25,739.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (82,810.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,851.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 105.00
Adjustments for provisions, current 569.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (1,409.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (1,100.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 82.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (54,512.00)
Net cash flows from (used in) operations (43,764.00)
Dividends received 0.00
Interest paid 4,897.00
Interest received (15.00)
Income taxes paid (refund) 4,023.00
Other inflows (outflows) of cash 1,794.00
Net cash flows from (used in) operating activities (50,905.00)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 52.00
Purchase of property, plant and equipment 858.00
Proceeds from sales of investment property 34,450.00
Purchase of investment property 40,998.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties (5,468.00)
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 11,009.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (17,000.00)
Net cash flows from (used in) investing activities (7,877.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 91.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 77,994.00
Repayments of borrowings 28,005.00
Payments of lease liabilities 0.00
Dividends paid 1,890.00
Interest paid 5,713.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (628.00)
Net cash flows from (used in) financing activities 41,849.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (16,933.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (16,933.00)
Cash and cash equivalents cash flow statement at beginning of period 63,754.00
Cash and cash equivalents cash flow statement at end of period 46,821.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse Chartered Accountants LLP Yes 30-11-2026