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.

Crest Ventures Limited's board of directors has approved a comprehensive scheme of arrangement to demerge its Financial Services Business into a separate listed entity. The board meeting held on December 18, 2025, considered and approved the draft scheme after recommendations from the Audit Committee and Committee of Independent Directors.

Demerger Structure and Share Exchange Ratio

The scheme involves transferring the Financial Services Business from Crest Ventures Limited (Demerged Company) to Crest Capital and Investment Limited (Resulting Company) as a going concern. The demerged undertaking encompasses all assets, liabilities, businesses, contracts, employees, and operations forming part of the Financial Services Business.

Financial Performance of Demerged Business

The Financial Services Business demonstrated significant contribution to the company's overall operations. The consolidated turnover figures highlight the business segment's substantial scale and growth trajectory.

Strategic Rationale for Demerger

The company outlined several strategic benefits driving the demerger decision. As a conglomerate with interests in multiple businesses, Crest Ventures identified the need for differentiated strategies aligned to industry-specific risks and market dynamics. The Financial Services Business requires distinct management approaches due to its unique competitive landscape and ability to attract different sets of investors, strategic partners, and lenders.

Key expected benefits include:

• Exclusive focus on Financial Services Business opportunities
• Attraction of sector-specific investors and strategic partners
• Simplified group structure creating enhanced stakeholder value
• Unlocking value of the demerged undertaking for shareholders

Regulatory Approvals and Listing Plans

The scheme requires comprehensive regulatory approvals before implementation. The resulting company plans to seek listing on both major Indian stock exchanges subject to receiving requisite approvals.

Shareholding Pattern Changes

The scheme will result in different impacts on shareholding patterns for both entities involved in the transaction.

The scheme will be undertaken in compliance with Sections 2(19AA) and other applicable provisions of the Income Tax Act, 1961. The board meeting commenced at 3:00 PM and concluded at 5:00 PM on December 18, 2025. The company has filed the outcome with stock exchanges under Regulation 30 of SEBI Listing Regulations.