RUSTOMJEE2023-10-012023-12-31 RUSTOMJEE2023-10-012023-12-31 RUSTOMJEE2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member RUSTOMJEE2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member RUSTOMJEE2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543669 RUSTOMJEE NA Keystone Realtors Limited Equity 2023-04-01 2024-03-31 2024-01-30 2024-01-22 INR Lakhs Third quarter 11:30:00 13:30:00 2024-01-30 2024-01-30 Not applicable Single segment Real Estate and allied activities 2023-10-01 2023-12-31 Unaudited Standalone 603000000.00 348500000.00 951500000.00 1009200000.00 0.00 -646400000.00 194300000.00 124300000.00 15700000.00 153800000.00 850900000.00 100600000.00 0.00 100600000.00 35200000.00 -8000000.00 27200000.00 0.00 73400000.00 0.00 0.00 0.00 0.00 73400000.00 -800000.00 72600000.00 0.00 0.00 1138800000.00 10 0.64 0.64 0.00 0.00 0.64 0.64 Notes to the Unaudited Standalone Financials Results 1. The above unaudited standalone financial results for the quarter and nine months ended December 31, 2023 which includes the financial information of Keystone Realtors Limited ( the Company ) and 3 jointly controlled entities namely Rustomjee Evershine Joint Venture, Fortune Partners and Lok Fortune Joint Venture, were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on January 30, 2024 and have been subjected to limited review by the statutory auditors of the Company. 2. The above unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ( Ind AS ) as prescribed under section 133 of the Companies Act, 2013, as amended, read with relevant rules thereunder. 3. The Company is exclusively engaged in the business of real estate and allied activities. This in the context of Ind AS 108 “Operating Segments , constitutes single operating segment. The Company does not have operations outside India, hence there are no reportable geographical segment. 4. During the year ended March 31, 2023, the Company had completed its Initial Public Offer (IPO) and had received an amount of INR 52,446 Lakh (net off IPO expenses of INR 3,554 Lakh) from proceeds out of fresh issue of equity shares. The utilisation of net IPO proceeds is summarised as below: Objects of the issue: Repayment/prepayment, in full or part, of certain borrowings/ Overdraft availed by the Company and its Subsidiaries* Amount as proposed to be utilised: 34,160 Lakh Utilised upto December 31, 2023: 34,160 Lakh Un-utilised upto December 31, 2023: NIL Objects of the issue: Funding for acquisition of future real estate projects and general corporate purposes Amount as proposed to be utilised: 18,286 Lakh Utilised upto December 31, 2023: 18,286 Lakh Un-utilised upto December 31, 2023: NIL Total Amount as proposed to be utilised: 52,446 Lakh Total Utilised upto December 31, 2023: 52,446 Lakh Total Un-utilised upto December 31, 2023: NIL 5. The Company has converted its Jointly Controlled Entity ('Fortune Partners') into a Private Limited Company ('Key Fortune Relators Private Limited') on January 12, 2024, by virtue of which, it has become a subsidiary of the Company. The Board of Directors of the Company in its meeting held on January 30, 2024 has approved the Scheme of amalgamation between the Company and Key Fortune Relators Private Limited and it is in the process of filing the scheme with National Company Law Tribunal (NCLT). 6. In the quarter ended June 30, 2023, the Company had received the Hon’ble National Company Law Tribunal (NCLT) approval for the scheme of amalgamation (the Scheme) of Toccata Realtors Private Limited (TRPL) with the Company on May 4, 2023 and had filed the order copy with the Registrar of the Companies on June 16, 2023 (‘effective date’). The Company had accounted for the assets and liabilities of TRPL on a line by line basis after eliminating the intercompany receivable and payable balances between the Company and TRPL, and applying the principle of Ind AS 109 ‘Financial Instruments’, The Company had accounted for fair value of TRPL’s net assets amounting to INR 19,265 Lakh as return of capital as reduction of the cost of investment under ‘Investments’ and INR 1,208 Lakh as return on capital under ‘Other Income’. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 8964900000.00 897200000.00 9862100000.00 2816100000.00 0.00 4700200000.00 457200000.00 137000000.00 44100000.00 548600000.00 8703200000.00 1158900000.00 0.00 1158900000.00 255600000.00 20800000.00 276400000.00 0.00 882500000.00 0.00 0.00 0.00 0.00 882500000.00 -1000000.00 881500000.00 0.00 0.00 1138800000.00 10 7.75 7.74 0.00 0.00 7.75 7.74 Other Expenses 153800000.00 Other Expenses 548600000.00 -1100000.00 -1300000.00 -300000.00 -300000.00