Crest Ventures Limited has officially declared the voting results of its postal ballot process for the appointment of Mr. Rajeev Sharma as Non-Executive Director. The company announced the successful completion of the postal ballot on March 30, 2026, with shareholders demonstrating overwhelming support for the resolution through the remote e-voting facility.

Resolution Details and Appointment

The postal ballot sought shareholder approval for the appointment of Mr. Rajeev Sharma (DIN: 01102446) as Non-Executive, Non-Independent Director of the company. The resolution was classified as an Ordinary Resolution and conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations.

Voting Timeline and Process

The postal ballot process was conducted through remote e-voting facility provided by National Securities Depository Limited (NSDL). The company issued the postal ballot notice on February 26, 2026, following the board resolution dated February 13, 2026, with the record date set as February 13, 2026.

Comprehensive Voting Results

The voting results demonstrated exceptional shareholder support across all categories. A total of 21,211,583 shares were voted out of 28,449,775 eligible shares, representing 74.56% participation. The resolution was deemed passed on March 29, 2026, with remarkable consensus among shareholders.

Scrutinizer Report and Regulatory Compliance

M/s. Rathi & Associates, Practicing Company Secretaries, Mumbai (Firm Registration No. P1988MH011900) was appointed as the scrutinizer for conducting the postal ballot process. Himanshu S. Kamdar (Membership Number: 5171) submitted the scrutinizer's report on March 30, 2026, confirming the fair and transparent conduct of the voting process.

The postal ballot process was conducted in full compliance with regulatory requirements under Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. The company maintained transparency throughout the process, with all relevant documents being made available on the company's website at www.crest.in . The appointment becomes effective from January 7, 2026, as specified in the resolution.

Crest Ventures Limited has successfully concluded its postal ballot process for the appointment of an Independent Director, with shareholders demonstrating strong support for the corporate governance initiative. The company submitted the minutes of the postal ballot proceedings to stock exchanges on February 25, 2026, following the conclusion of the e-voting process on January 29, 2026.

Postal Ballot Process and Timeline

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and related rules. The company issued the postal ballot notice on December 18, 2025, seeking shareholder consent for the appointment of Mr. Jagdish Mohan Kirpalani as Non-Executive Independent Director.

Overwhelming Shareholder Approval

The special resolution for Mr. Jagdish Mohan Kirpalani's appointment received exceptional shareholder support, demonstrating confidence in the company's governance decisions. M/s. Rathi & Associates, Company Secretaries, served as the scrutinizer for the postal ballot process, while National Securities Depository Limited (NSDL) provided the remote e-voting platform.

Director Appointment Details

Mr. Jagdish Mohan Kirpalani (DIN: 01673553) was initially appointed as Additional Director (Non-Executive, Independent) with effect from November 01, 2025, following recommendations from the Nomination and Remuneration Committee and Board approval on October 30, 2025. The postal ballot formalized his appointment as a regular director.

Key aspects of the appointment include:

• Position: Non-Executive, Independent Director
• Term Duration: 5 consecutive years
• Term Period: November 01, 2025 to October 31, 2030
• Rotation Status: Not subject to retirement by rotation
• Independence Confirmation: Declaration submitted as per Section 149(6) of Companies Act, 2013

Regulatory Compliance and Documentation

The appointment process adhered to multiple regulatory frameworks including the Companies Act, 2013, SEBI Listing Regulations, and RBI directions for Non-Banking Financial Companies. The company ensured compliance with all applicable provisions related to director appointments and postal ballot procedures.

Ms. Namita Bapna, Company Secretary & Compliance Officer, was duly authorized by the Board to declare the postal ballot results. The company published public advertisements regarding the postal ballot on December 30, 2025, in Financial Express (English) and Mumbai Lakshadeep (Marathi) newspapers, ensuring proper shareholder communication.

The successful completion of this postal ballot process strengthens the company's board composition with the addition of an independent director, enhancing corporate governance standards and regulatory compliance.