News Corporate Actions Crest Ventures Declares Postal Ballot Results for Independent Director AppointmentCrest Ventures Declares Postal Ballot Results for Independent Director Appointment
Crest Ventures Limited officially declared the results of its postal ballot process for appointing Mr. Jagdish Mohan Kirpalani as Non-Executive Independent Director, receiving overwhelming 99.91% shareholder approval. The voting process achieved 75.81% turnout with 21,567,128 shares voted out of 28,449,775 total shares, demonstrating strong support across all shareholder categories including 100% promoter backing and significant public participation.
*this image is generated using AI for illustrative purposes only.
Crest Ventures Limited has officially declared the voting results of its postal ballot process for appointing an Independent Director, demonstrating overwhelming shareholder support with 99.91% approval. The company announced the results on January 30, 2026, following the completion of the remote e-voting process that concluded on January 29, 2026.
Resolution Details and Appointment
The postal ballot sought shareholder approval for appointing Mr. Jagdish Mohan Kirpalani as Non-Executive Independent Director through a special resolution. The appointment received requisite majority approval from shareholders across all categories.
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Jagdish Mohan Kirpalani |
| DIN: | 01673553 |
| Position: | Non-Executive Independent Director |
| Term Duration: | 5 consecutive years |
| Effective Period: | November 01, 2025 to October 31, 2030 |
| Resolution Type: | Special Resolution |
Comprehensive Voting Results
The postal ballot demonstrated strong shareholder participation with 75.81% voter turnout. The voting process was conducted through NSDL's remote e-voting platform from December 31, 2025, to January 29, 2026.
| Voting Summary: | Details |
|---|---|
| Total Shareholders on Record: | 9,781 |
| Record Date: | December 19, 2025 |
| Total Shares Outstanding: | 28,449,775 |
| Shares Voted: | 21,567,128 |
| Voter Turnout: | 75.81% |
| Votes in Favor: | 21,548,704 (99.91%) |
| Votes Against: | 18,424 (0.09%) |
Category-wise Voting Analysis
The resolution received unanimous support from promoters and strong backing from institutional and public shareholders, with detailed participation across all shareholder categories.
| Category: | Shares Held | Participation | Support Rate |
|---|---|---|---|
| Promoter Group: | 19,843,390 | 100% | 100% in favor |
| Public Institutions: | 464,840 | 6.80% | 100% in favor |
| Public Non-Institutions: | 8,141,545 | 20.78% | 98.91% in favor |
Regulatory Compliance and Process
The postal ballot process was conducted in strict accordance with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. M/s. Rathi & Associates served as the appointed scrutinizer to ensure transparency and compliance.
| Process Details: | Information |
|---|---|
| Scrutinizer: | M/s. Rathi & Associates |
| Lead Partner: | Himanshu S. Kamdar (Membership No. 5171) |
| Appointment Date: | December 18, 2025 |
| Voting Platform: | NSDL Remote E-voting |
| Report Date: | January 30, 2026 |
| Compliance: | Regulation 44 of SEBI Listing Regulations |
Official Declaration and Documentation
The company has communicated the voting results to BSE Limited (Scrip Code: 511413) and National Stock Exchange of India Limited (Symbol: CREST) as mandated under Regulation 44 of SEBI Listing Regulations. The scrutinizer's report confirmed that all procedural requirements were properly followed, and complete documentation has been made available on the company's website at www.crest.in for stakeholder reference and regulatory compliance.
Historical Stock Returns for Crest Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.34% | -3.72% | -6.37% | -4.45% | -14.59% | +286.57% |
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