New geochemical, mineralogical, and Rb–Sr and Sm–Nd isotopic data have been obtained on corundum plagioclasites–kyshtymites from the 5th Versta deposit (South Urals, Russia). The genetic link of miaskites and kyshtymites is shown. The formation of the kyshtymites is associated with the redistribution and accumulation of aluminum, calcium, HFSE, and LIL-elements at the stage of tectonic-metamorphic deformations of the Ilmenogorsky–Vishnevogorsky alkaline complex.