RUSTOMJEE2024-01-012024-03-31 RUSTOMJEE2024-01-012024-03-31 RUSTOMJEE2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member RUSTOMJEE2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member RUSTOMJEE2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543669 RUSTOMJEE NA Keystone Realtors Limited Equity 2023-04-01 2024-03-31 2024-05-15 2024-05-06 INR Lakhs Yearly 12:15:00 13:50:00 2024-05-15 2024-05-15 true Cash Flow Indirect Declaration of unmodified opinion Single segment Real Estate and allied Activities 2024-01-01 2024-03-31 Unaudited Consolidated 8115600000.00 145900000.00 8261500000.00 3786400000.00 59400000.00 2777900000.00 320200000.00 197100000.00 26000000.00 650900000.00 7817900000.00 443600000.00 0.00 443600000.00 32600000.00 84100000.00 116700000.00 0.00 326900000.00 0.00 0.00 0.00 -22200000.00 304700000.00 -9100000.00 295600000.00 306800000.00 -2100000.00 297800000.00 -2200000.00 1138900000.00 10 2.69 2.68 0.00 0.00 2.69 2.68 0.00 0.00 0.00 1. The above consolidated financial results for the quarter and full year ended March 31 , 2024 of the Keystone Realtors Limited (the Company) and its subsidiaries (collectively the Group) and its interest in associates, joint ventures and jointly controlled entities (refer annexure 1 ), were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on May 15, 2024. 2. The above consolidated 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 figures of the quarter ended March 31, 2024 and March 31, 2023 are balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial years. 4. The Group is exclusively engaged in the business of real estate and allied activities. This in the context of Indian Accounting Standard (Ind AS 108) Operating Segments , constitutes single operating segment. The Group does not have operations outside India, hence geographical segment is not applicable. 5. During the previous year ended March 31, 2023, the Company had completed its Initial Public Offer (IPO) and had received an amount of INR 52446 Lakh (net off IPO expenses of INR 3554 Lakh) from proceeds out of fresh issue of equity shares. The utilisation of net IPO proceeds is summarised as below: Objects of the issue:RepaymenUprepayment, in full or part, of certain borrowings/ Overdraft availed by the Company: Amount as proposed to be utilised: Rs. 34160, utilised upto March 31, 2024: Rs. 34160: Funding for acquisition of future real estate projects and Rs. 18286 general corporate purposes: Rs. 18286, utilised upto March 31, 2024:Rs. 18286, Total Amount as proposed to be utilised: Rs. 52446 and utilised upto March 31, 2024: Rs. 52446, un-utilised upto March 31, 2024 is NIL. 6. In the quarter ended June 30, 2023, the Company had received the Hon'ble 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 Group has accounted for the assets and liabilities of TRPL on a line by line basis after eliminating the intercompany receivable and payable balances between the Group and the Group has accounted for fair value of TRPL's net assets as credit to investments accounted for using the equity method amounting to INR 20,473 Lakh. 7. On November 6, 2023, the wholly owned subsidiary of the Company, King maker Developers Private Limited (KDPL) acquired 100% stake in Real Gem Buildtech Private Limited (RGBPL). The acquisition has been accounted as a business combination using the acquisition method of accounting in accordance with Ind AS 103 'Business Combinations'. The purchase price has been provisionally allocated to the assets acquired and liabilities assumed based on the estimated fair values at the date of acquisition. The excess of the purchase price over the fair value of the net assets acquired has been allocated to goodwill. The Group believes that the information provides a reasonable basis for estimating the fair values of the acquired assets and assumed liabilities. The Group expects to complete the purchase price allocation not later than one year from the acquisition date. Details of amounts paid and payable, including allocation based on purchase price method is summarised below: (INR in Lakh) Total Consideration (includinq deferred consideration of INR 6,500): INR 23142 Inventory: INR191335 Other assets: INR 52934 Total assets: INR 244269 Borrowings: INR 40760 Other liabilities: INR 210612 Total liabilities: INR 251372 Goodwill: INR 30245 Single segment 2023-04-01 2024-03-31 Audited Consolidated 22222500000.00 533800000.00 22756300000.00 10630800000.00 59400000.00 7939800000.00 977900000.00 400800000.00 73100000.00 1519200000.00 21601000000.00 1155300000.00 0.00 1155300000.00 276600000.00 57700000.00 334300000.00 0.00 821000000.00 0.00 0.00 0.00 289300000.00 1110300000.00 -9500000.00 1100800000.00 1122100000.00 -11800000.00 1112700000.00 -11900000.00 1138900000.00 10 16838700000.00 9.85 9.82 0.00 0.00 9.85 9.82 0.00 0.00 0.00 Other Expenses 650900000.00 Other Expenses 1519200000.00 -35800000.00 278800000.00 0.00 88100000.00 3182400000.00 100000.00 0.00 0.00 3502200000.00 1019000000.00 0.00 0.00 195600000.00 1214600000.00 491400000.00 987500000.00 9745100000.00 37102500000.00 38700000.00 1047700000.00 2299400000.00 1364800000.00 1108700000.00 3229700000.00 9089000000.00 0.00 3779900000.00 49971400000.00 0.00 0.00 59716500000.00 1138900000.00 16838700000.00 17977600000.00 17941800000.00 6093000000.00 18500000.00 1902200000.00 8013700000.00 25100000.00 398700000.00 0.00 0.00 8437500000.00 4755700000.00 6422200000.00 2315700000.00 13493600000.00 19643700000.00 139100000.00 60800000.00 0.00 33337200000.00 0.00 0.00 41774700000.00 59716500000.00 1059300000.00 8003200000.00 -431300000.00 0.00 0.00 -494900000.00 -193400000.00 0.00 0.00 0.00 1489200000.00 -8979600000.00 0.00 78600000.00 27400000.00 36000000.00 0.00 1043500000.00 -193200000.00 0.00 0.00 357500000.00 0.00 0.00 0.00 0.00 0.00 -101800000.00 0.00 985500000.00 2140800000.00 0.00 0.00 0.00 401200000.00 94500000.00 1834100000.00 0.00 1483500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46400000.00 728500000.00 797600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 835000000.00 1472900000.00 0.00 0.00 0.00 817900000.00 0.00 -2631900000.00 0.00 -2775100000.00 0.00 0.00 5200000.00 0.00 0.00 0.00 0.00 0.00 8082100000.00 7498000000.00 0.00 38900000.00 0.00 933400000.00 0.00 0.00 -383000000.00 -1324000000.00 0.00 -1324000000.00 3623400000.00 2299400000.00 -11000000.00 -11400000.00 -1900000.00 -1900000.00