Crest Ventures has successfully completed the allotment of non-convertible debentures worth ₹100.00 crores following the Debenture Fund Raising Committee meeting held on December 23, 2025. The committee approved the allotment of 10,000 NCDs, each with a face value of ₹1,00,000, marking the completion of the fundraising process that was initially approved on December 12, 2025.

Committee Meeting and Allotment Details

The Debenture Fund Raising Committee meeting on December 23, 2025, commenced at 10:45 a.m. and concluded at 11:10 a.m. The committee formally approved the allotment of 10,000 units of 12% rated, listed, unsecured, senior, transferable, redeemable, non-convertible debentures on a private placement basis at par. The company has made appropriate regulatory disclosures to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI Listing Regulations.

NCD Structure and Timeline

The allotted debentures carry comprehensive specifications with defined maturity and payment schedules:

Credit Rating and Listing Framework

The NCDs have received credit rating from Care Ratings Limited through their credit rating letter dated December 10, 2025. The debentures carry a CARE BBB- rating, while the issuer rating has been reaffirmed at CARE BBB-. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited, providing institutional investors with a structured trading platform.

Redemption and Payment Structure

The debentures feature a structured payment mechanism with coupon payments scheduled on a quarterly basis from the deemed date of allotment. Principal repayment is scheduled upon completion of 18 months from the deemed date of allotment. The debentures are redeemable at par at the end of 18 months, specifically on June 23, 2027, subject to early redemption or acceleration pursuant to events of default as specified in the relevant documentation.

Regulatory Compliance

The allotment falls within the company's existing borrowing limits under Section 180(1)(c) of the Companies Act, 2013, as previously approved by members. The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Regulations and SEBI Circular dated November 11, 2024. The unsecured nature of the debentures means no specific charge or security has been created against company assets.

Crest Ventures Limited has successfully completed the full redemption of its Non-Convertible Debentures (NCDs) on December 20, 2025, fulfilling its debt obligations to investors. The company announced this development through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCD Redemption Details

Crest Ventures Limited successfully redeemed 9,300 NCDs worth ₹930.00 crores along with applicable interest on December 20, 2025, completing full repayment of principal and interest obligations. These instruments were listed on the Bombay Stock Exchange and have now been fully retired.

Regulatory Compliance

The company has disclosed this information in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement confirms that Crest Ventures Limited has fully repaid both the principal amount of ₹930.00 crores and the applicable interest on the specified redemption date.

Trustee Services

Mitcon Credentia Trusteeship Services Limited served as the trustee for these NCDs. The trustee company maintains its registered address at 1st Floor Kubera Chambers, Shivajinagar, Pune 411005, Maharashtra, with its corporate address located at 1402-1403, 14th Floor, B-Wing, Dalamal Tower, Free Press Journal Marg, 211, Nariman Point, Mumbai, Maharashtra 400021.

Corporate Information

Crest Ventures Limited, incorporated in 1982, operates from its registered office at 111, Maker Chambers IV, 11th Floor, Nariman Point, Mumbai-400021. The company secretary Namita Bapna signed the regulatory filing, confirming the successful completion of the NCD redemption process.

This redemption represents the complete settlement of the company's obligations under these debt instruments, providing closure to investors who held these 12% NCDs.