Crest Ventures has fixed Friday, August 14, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the board on May 22, 2026, is subject to shareholder approval at the 44th Annual General Meeting scheduled for August 22, 2026. The company will pay the dividend on or before August 28, 2026.

The payment of the dividend is subject to tax deduction at source (TDS) under the Income-tax Act, 2025, and the Finance Act, 2026. The applicable withholding tax rate will depend on the shareholder's residential status and the validity of documents submitted to the company. To avoid deduction at a higher rate, shareholders must ensure their Permanent Account Number (PAN) is linked with Aadhaar and operative.

Shareholders are required to submit necessary tax documents, such as Form No. 121, Tax Residency Certificate, or Lower/Nil Tax deduction certificates, by August 10, 2026. Documents submitted after this date will not be considered for the current dividend payout. The company's Registrar and Share Transfer Agent (RTA) will verify the submitted documents to determine the applicable tax rate.

Beneficial tax treaty rates will not apply automatically and depend on a satisfactory review of the documents submitted by non-resident shareholders. In cases of ambiguity or incomplete documentation, the company reserves the right to apply the highest applicable tax withholding rate conservatively. Shareholders may claim a refund for any excess tax deducted while filing their income tax returns.

Following SEBI regulations, the company will not issue payable-at-par warrants, cheques, or demand drafts for dividend payments. Shareholders must update their bank account details with the RTA or depository participants prior to the record date to ensure timely receipt of funds. Those holding shares in physical form must also update their PAN, contact details, and specimen signature with the RTA to receive dividends.

Key Dates for Final Dividend

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.