Crest Ventures has expanded its redevelopment footprint in Mumbai by entering a Development Agreement with Prafulla Co-operative Housing Society. The agreement was registered through the company's wholly owned subsidiary, Sutlej Housing Pvt. Ltd. (SHPL). This society is a constituent of a larger cluster redevelopment initiative located in Dadar East.

The project has an estimated Gross Development Value (GDV) of approximately Rs 2,200 Crore. Dadar is recognized as a principal multimodal transit and commercial hub, providing connectivity to the Western, Central, and Harbour railway networks. The location's proximity to central business districts and social infrastructure underpins its status as a resilient residential micro-market.

Strategic Expansion in Prime Locations

This move highlights Crest Ventures' strategy to grow by undertaking premium redevelopment projects in prime areas. The company focuses on central locations that offer excellent connectivity and strong buyer demand to ensure long-term value creation.

Project Details

The following table outlines the key aspects of the Dadar East redevelopment project:

Vijay Choraria, Managing Director of Crest Ventures Limited, stated that Dadar offers a rare combination of legacy value and strategic centrality. He emphasized that the company aims to contribute to urban renewal through disciplined growth and design excellence. The firm remains committed to strengthening its presence across high-potential urban corridors.

Crest Ventures Limited promoters have declared that no encumbrance was created on the shares held by them during the financial year 2025-2026. The declaration was submitted to the stock exchanges and the company's Audit Committee on April 07, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Vijay Choraria, a promoter of crest ventures , made the declaration on behalf of the promoter and promoter group. As on March 31, 2026, the group collectively holds 1,98,43,390 shares, representing a 69.75% stake in the company.

The filing confirms that neither the promoters nor the promoter group pledged or created any direct or indirect charge on these shares during the specified financial year. This disclosure provides shareholders with clarity regarding the leverage status of the company's primary owners.

The shareholding distribution within the promoter group includes Fine Estates Private Limited as the largest holder. The following table details the individual holdings as of March 31, 2026:

The declaration was signed by Vijay Choraria and addressed to BSE Limited, National Stock Exchange of India Limited, and the Audit Committee of Crest Ventures Limited.