Crest Ventures Limited , a prominent player in the financial services sector, has announced a significant addition to its board of directors. The company has appointed Jagdish Mohan Kirpalani as an Additional Director in the Non-Executive and Independent category, effective from November 1, 2025. This appointment, subject to shareholder approval, is for an initial term of five consecutive years.

Key Appointment Details

Professional Background

Kirpalani brings a wealth of experience to Crest Ventures, with nearly four decades of leadership across various financial sectors. His expertise spans:

• Private banking
• Wealth management
• Operational transformation
• Governance

Throughout his career, Kirpalani has held senior roles at several prestigious financial institutions, including:

• Standard Chartered Bank
• Barclays Bank
• Societe Generale
• ING Bank

Appointment Process and Governance

The appointment of Jagdish Mohan Kirpalani was approved by Crest Ventures' board on October 30, 2025, following a recommendation from the Nomination and Remuneration Committee. This decision aligns with the company's commitment to strong corporate governance and bringing diverse expertise to its leadership.

Expected Contributions

Kirpalani's extensive background is expected to add significant value to Crest Ventures in several areas:

• Enhancing the company's private banking and wealth management strategies
• Strengthening risk management and compliance frameworks
• Providing insights for potential multi-country technology integrations
• Contributing to the overall governance structure of the company

Additional Information

The company has confirmed that Jagdish Mohan Kirpalani is not related to any other directors on the board. Furthermore, he is not debarred from holding a directorship position by any regulatory authority, ensuring compliance with all relevant regulations.

This strategic appointment underscores Crest Ventures' commitment to enhancing its leadership team with experienced professionals, potentially positioning the company for growth and improved governance in the dynamic financial services landscape.

Crest Ventures Limited, a prominent player in the Indian financial services sector, has announced the formation of a new wholly-owned subsidiary, Crest Prime Projects Private Limited (CPPPL). This strategic move, disclosed in a regulatory filing, marks a significant expansion of the company's corporate structure.

Key Details of the New Subsidiary

Strategic Implications

The establishment of CPPPL aligns with one of Crest Ventures' main business verticals, potentially strengthening the company's position in the real estate sector. This move could enable Crest Ventures to streamline its operations and explore new opportunities within the real estate and construction domain.

Financial Considerations

Crest Ventures has subscribed to 10,000 equity shares of CPPPL, each with a face value of INR 10, for a total investment of INR 1,00,000. This initial capital injection demonstrates the parent company's commitment to its new subsidiary, although CPPPL is yet to commence business operations.

Regulatory Compliance

The incorporation of CPPPL has been duly registered with the Ministry of Corporate Affairs, Government of India. Crest Ventures has also complied with the disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its corporate actions.

Outlook

The formation of CPPPL suggests a strategic focus on expanding Crest Ventures' real estate portfolio. As CPPPL begins its operations, it will be interesting to observe how Crest Ventures leverages this new entity to strengthen its position in the real estate sector and potentially create new avenues for growth and value creation.