Crest Ventures Limited reported a 35% expansion in its consolidated balance sheet to ₹1,925 crore during its 44th annual general meeting held on August 22, 2026. Cash and cash equivalents more than doubled to ₹235 crore, reflecting strong liquidity amidst a challenging operating environment marked by geopolitical developments and elevated crude oil prices.

The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations. Mr. Mohindar Kumar, Chairman and Independent Director, presided over the proceedings. The requisite quorum was present throughout the meeting, with 62 members attending via VC/OAVM.

Business Performance Highlights

Managing Director Vijay Choraria highlighted significant progress across the company’s diversified portfolio. In the real estate segment, the company added two new projects: Crest Golfshire in Chembur and Crest Saidale in Breach Candy. Pre-construction work continued on Crest Legacy in Dadar.

Operational milestones included:

• Completion of external construction at Crest Oaks, with over 70% of units sold.
• Sell-out of the first phase at Crest Park, Jaipur.
• Handover of possession at Crest Link, along with leasing of the retail component.
• Receipt of Occupancy Certificate for One National Park in Chennai, with over 60% leasing achieved and annuity income commenced.

Choraria noted that Crest Oaks and Crest Uno are expected to contribute to revenues in the coming quarters, while Crest 4 Pali Hill, Crest Saidale, and Crest Golfshire will contribute over the next two to four years.

Financial Services Growth

The financial services business demonstrated robust growth during the year. Revenue from the Non-SLR desk grew by approximately 30%, while the Derivatives desk saw a 37% increase. The Non-SLR business is expected to continue gaining market share in FY26-27.

What the Numbers Show

The doubling of cash reserves to ₹235 crore alongside a 35% expansion in the overall balance sheet suggests a deliberate strategy to maintain high liquidity. This positioning allows the company to navigate currency volatility and capitalize on opportunities within its largest-ever project pipeline, without relying heavily on external debt financing for near-term obligations.

Governance and Resolutions

The members approved several ordinary resolutions, including the adoption of audited financial statements for FY25-26, declaration of dividend, and re-appointment of Ms. Sheetal Kapadia. Special business included approvals for material related-party transactions for both the company and its subsidiaries.

Statutory Auditors N.A. Shah Associates LLP and Secretarial Auditors M/s. Rathi & Associates expressed unmodified opinions in their respective reports. The voting results were to be declared within two working days of the meeting conclusion.

Crest Ventures has incorporated two step-down wholly owned subsidiaries to further its business objectives in the real estate sector. The listed company announced the formation of EZY Living Nest Private Limited on August 17, 2026, and EZY Living Spaces Private Limited on August 18, 2026. Both entities are wholly owned by Crest EZY Living Private Limited, which is itself a wholly owned subsidiary of Crest Ventures.

The new subsidiaries are structured to undertake real estate development and allied activities. Their scope includes the acquisition, development, leasing, and operation of residential, commercial, and purpose-built rental housing assets. Specifically, the companies will focus on build-to-rent (BTR) models, co-living spaces, and student housing. This expansion aligns with the company’s existing real estate business verticals.

Subsidiary Details

Both entities were incorporated under the Companies Act, 2013, with their registered offices in Maharashtra. They have not yet commenced business operations.

Regulatory Disclosure

Crest Ventures disclosed the incorporation under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company stated that the promoters, promoter group, and group companies have no interest in the newly incorporated entities. Consequently, the incorporation does not fall within the ambit of related party transactions. Crest Ventures holds 100% indirect shareholding in both subsidiaries through its 100% stake in Crest EZY Living Private Limited.