RUSTOMJEE2023-04-012023-06-30 RUSTOMJEE2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member RUSTOMJEE2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543669 RUSTOMJEE NA Keystone Realtors Limited Equity 2023-04-01 2024-03-31 2023-08-07 2023-07-28 INR Lakhs First quarter 12:30:00 13:50:00 2023-08-07 2023-08-07 Not applicable Single segment Real Estate and allied activities 2023-04-01 2023-06-30 Unaudited Consolidated 2719600000.00 108600000.00 2828200000.00 1253500000.00 0.00 393600000.00 157900000.00 65100000.00 14300000.00 281000000.00 2165400000.00 662800000.00 0.00 662800000.00 227700000.00 -25900000.00 201800000.00 0.00 461000000.00 0.00 0.00 0.00 4100000.00 465100000.00 -100000.00 465000000.00 469700000.00 -4600000.00 469600000.00 -4600000.00 1138800000.00 10 4.12 4.12 0.00 0.00 4.12 4.12 0.00 0.00 0.00 The above unaudited consolidated financial results for the quarter ended June 30, 2023 which includes the financial information of the Keystone Realtors Limied (''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 August 07, 2023 and have been subjected to limited review by the statutory auditors of the Company. The above unaudited 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. The results for the quarter ended March 31, 2023 are the balancing figures between audited figures in respect of the full financial year ended March 31, 2023 and reviewed figures for the nine months period ended December 31, 2022, which were neither audited nor subject to limited review by Statutory Auditors. The financial results for the quarters ended June 30, 2022 included in the above unaudited consolidated financial results were neither audited nor subject to limited review by the Statutory Auditors of the Company as the Company has got listed during the quarter ended December 31, 2022. The Group 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 Group does not have operations outside India, hence there are no reportable geographical segment. During the year ended March 31, 2023, the Company has completed its Initial Public Offer (IPO) and has 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 utilized: 34160, Utilised upto June 30, 2023: 34160, Un-utilised upto June 30, 2023: NIL Funding for acquisition of future real estate projects and general corporate purposes Amount as proposed to be utilized: 18286, Utilised upto June 30, 2023: 6504, Un-utilised upto June 30, 2023: 11782 *Unutilised IPO proceeds of INR 11,782 Lakh is invested in term deposits with a bank pending utilisation for the intended purpose. The Company has received the Hon’ble National Company Law Tribunal (NCLT) approval for the scheme of amalgamation of Toccata Realtors Private Limited (TRPL) with the Company ( the Scheme ) on May 4, 2023 and has filed the order copy with the Registrar of the Company on June 16, 2023 (‘effective date’). The Company has accounted for the assets and liabilities of TRPL on line by line basis after eliminating the intercompany receivable and payable balances between the Company and TRPL, the Company 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. other expenses 281000000.00 100000.00 0.00