Crest Ventures Limited has completed the acquisition of 100% of the issued and paid-up share capital of Crest Prime Limited for a total consideration of ₹1.53 lakh. The acquisition makes Crest Prime Limited a wholly owned subsidiary of the company, as disclosed under Regulation 30 of the SEBI Listing Regulations on January 7, 2026.

Acquisition Details

The transaction involved the purchase of 10,000 equity shares of ₹10.00 each, representing the complete shareholding in Crest Prime Limited. The acquisition was executed through a related party transaction with Fine Estates Private Limited, which serves as the holding company of Crest Ventures Limited.

Target Company Profile

Crest Prime Limited operates in the real estate development sector and related activities. The company was incorporated on September 24, 2021, and maintains its business presence in India.

Historical Performance

Crest Prime Limited has recorded nil turnover across the past three financial years, reflecting its status as a recently incorporated entity in the development phase.

Strategic Rationale

The acquisition aligns with Crest Ventures Limited's core business objectives in the real estate sector. The primary objective involves consolidating the company's interest in Crest Prime Limited, which has been earmarked for real estate activities. The transaction represents a strategic move to strengthen the company's position in real estate development and related activities.

Transaction Structure

The acquisition was conducted on an arm's length basis, supported by a valuation report obtained from an independent Chartered Accountant. The consideration was transferred through banking channels, ensuring compliance with regulatory requirements. No additional governmental or regulatory approvals are currently required for the transaction, though requisite approvals will be obtained as applicable in the future.

Crest Ventures Limited has announced the appointment of Mr. Rajeev Sharma as Additional Director (Non-Executive, Non-Independent) on its Board of Directors, effective January 07, 2026. The appointment has received prior approval from the Reserve Bank of India through its letter dated December 26, 2025.

Board Appointment Details

The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, approved Mr. Sharma's appointment through a circular resolution. The appointment is for a term of five consecutive years commencing from January 07, 2026, subject to approval by the company's shareholders.

Professional Background

Mr. Rajeev Sharma brings extensive qualifications and experience to the Board. He holds multiple professional certifications including Chartered Accountant, Company Secretary, Cost & Works Accountant, and is a Post Graduate in Law. Additionally, he is a Certified Information System Auditor and Certified Fraud Examiner.

With over 35 years of experience in the consulting, IT and outsourcing industry, Mr. Sharma has been involved in large IT projects and possesses deep domain knowledge. He serves as the promoter of Osource Global, a leading provider of B2B SaaS, outsourcing and technology solutions.

Recognition and Awards

Mr. Sharma has received notable industry recognition for his contributions:

• '30 Most Talented Leaders (Outsourcing Industry)' by Asia BPO Summit 2013-14
• 'Excellence & Leadership in Outsourcing' by Asia BPO Summit 2014-15

Regulatory Compliance

The appointment complies with Regulation 30 and other applicable regulations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Sharma is not related to any other Director of the company and is not debarred from holding the office of Director by virtue of any SEBI Order or other authority.

The appointment reflects the company's commitment to strengthening its Board with experienced professionals who can contribute to its strategic direction and governance framework.