Crest Ventures Limited has released its audited financial results for the year ended March 31, 2026, reporting a decline in annual net profit. On a consolidated basis, the company reported Q4 net profit of 84M rupees against 77M rupees in the same period last year, while Q4 consolidated revenue stood at 320M rupees compared to 476M rupees year-on-year. The board also approved the re-appointment of internal auditors and designated a new Chief Information Security Officer (CISO). Additionally, the company provided a general business update detailing its investment portfolio and ongoing real estate projects.

Financial Performance

For the financial year ended March 31, 2026, the company reported a standalone net profit of ₹3,949.63 lakh, compared to ₹7,882.43 lakh in the previous year. Total income for the year stood at ₹11,669.28 lakh, down from ₹16,414.03 lakh in the prior year. Revenue from operations decreased to ₹11,653.20 lakh from ₹16,410.31 lakh. The basic earnings per share (EPS) for the year was ₹14.00, compared to ₹27.96 in the previous year.

Consolidated Q4 Performance

On a consolidated basis, Crest Ventures reported Q4 net profit of 84M rupees, up from 77M rupees in the corresponding quarter of the previous year. However, Q4 consolidated revenue declined to 320M rupees from 476M rupees year-on-year, reflecting a contraction in top-line performance for the quarter despite the improvement in profitability.

Investment and Real Estate Portfolio

The company reported a consolidated value of investments at market value of ₹285.35 crore for FY26, up from ₹177.33 crore in FY25. This includes listed shares, unlisted shares, and mutual funds. The consolidated value of investments in real estate at cost stood at ₹998.30 crore for FY26, compared to ₹543.11 crore in the previous year. The consolidated ICD/Loan book (net off debt) was ₹115.81 crore, with cash and cash equivalents of ₹129.02 crore.

Ongoing and Upcoming Projects

Crest Ventures is currently executing several projects with a gross development value of ₹3,335 crore. Key ongoing projects include Crest 4 Pali Hill in Mumbai (GDV ₹300 crore) and Crest Saidale in Breach Candy (GDV ₹1,300 crore). Upcoming projects such as Crest Legacy in Dadar (GDV ₹2,200 crore) and Crest Aspen in Andheri (GDV ₹370 crore) are under various stages of planning.

Dividend Declaration

The board of directors has recommended a final dividend of ₹1 per equity share, representing 10% of the face value of ₹10 each, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming 44th Annual General Meeting (AGM).

Corporate Governance Updates

In its meeting held on May 22, 2026, the board approved the re-appointment of M/s. Mathur & Co., Chartered Accountants, as the internal auditors for the financial year 2026-2027. Additionally, Mr. Manish Jadhav has been designated as the Chief Information Security Officer (CISO) of the company for a term of three years commencing from May 22, 2026.

Annual General Meeting

The 44th AGM of the company is scheduled to be held on Saturday, August 22, 2026. The record date for determining the eligibility of members to receive the dividend, if declared at the AGM, has been fixed as Friday, August 14, 2026.

Crest Ventures Limited announced the outcome of its board meeting held on May 22, 2026. The board approved the re-appointment of internal auditors and the designation of a new Chief Information Security Officer (CISO) under Regulation 30 of the SEBI Listing Regulations.

Re-appointment of Internal Auditors

Based on the recommendation of the Audit Committee, the board approved the re-appointment of M/s. Mathur & Co., Chartered Accountants (FRN: 001952C), Mumbai. The firm will serve as the Internal Auditors of the Company for the Financial Year 2026-2027.

M/s. Mathur & Co., established in 1983, is a professionally managed firm with 44 years of experience. The firm specializes in audit, assurance, taxation, advisory, and regulatory services.

Appointment of Chief Information Security Officer

The board designated Mr. Manish Jadhav as the Chief Information Security Officer (CISO) of the Company. This appointment was made based on the recommendation of the Nomination and Remuneration Committee and is in accordance with the RBI Master Direction on Information Technology Governance dated November 07, 2023.

Mr. Jadhav has been identified and designated as Senior Management Personnel. He brings over 23 years of experience in Information Technology, Information Security, and Cyber Security Audit. He has been associated with the Company since 2005.

The board meeting commenced at 04:30 p.m. and concluded at 08:30 p.m. on May 22, 2026.