Crest Ventures Limited has completed the transfer of 70,000 equity shares to eligible employees under its Employee Stock Option Plan 2022. The Nomination and Remuneration Committee approved this transfer on February 24, 2026, marking a significant milestone in the company's employee incentive program.

ESOP Transfer Details

The transfer involves 70,000 equity shares with a face value of ₹10 each, fully paid up, being transferred from the Crest Employee Welfare Trust to eligible employees upon exercise of their vested options. The company has confirmed that these transferred shares will rank pari-passu with existing equity shares.

ESOP Scheme Overview

The Crest Employees Stock Option Plan 2022 operates in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme demonstrates the company's commitment to employee participation in its growth story through equity ownership.

Financial Impact

The exercise of these options resulted in ₹1,40,00,000 being received by the Crest Employee Welfare Trust. Importantly, the company has clarified that there is no change in the paid-up equity share capital following this transfer, as the shares were transferred from the existing trust rather than being newly issued.

Regulatory Compliance

Crest Ventures has made the required disclosure pursuant to Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The disclosure follows SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, ensuring full regulatory compliance.

The company has confirmed that detailed information regarding this ESOP transfer will be made available on its official website at www.crest.in for stakeholder reference.

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.

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.

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.

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.

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.