Crest Ventures Limited , a prominent player in the financial services sector, has initiated a postal ballot process to seek shareholder approval for the appointment of Jagdish Mohan Kirpalani as Independent Director. The company announced the postal ballot notice under Regulation 30, with e-voting scheduled from December 31, 2025, to January 29, 2026.

Postal Ballot Process Details

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to all shareholders. The postal ballot notice, dated December 18, 2025, has been dispatched electronically to shareholders whose email addresses are registered with the company.

Director Appointment Details

The postal ballot seeks shareholder approval through a special resolution for the appointment of Jagdish Mohan Kirpalani as Non-Executive, Independent Director. The appointment was initially approved by the board on October 30, 2025, following recommendation from the Nomination and Remuneration Committee.

Professional Background and Expertise

Kirpalani brings nearly four decades of leadership experience across India and international markets. His expertise spans private banking, wealth management, operational transformation, and governance. He holds a Certified Associate degree from the Indian Institute of Bankers and a Bachelor's degree in Commerce from the University of Mumbai.

Throughout his career, Kirpalani has held senior roles at prestigious financial institutions including Standard Chartered Bank, Barclays Bank, Societe Generale, and ING Bank. He has successfully led large-scale business integrations, technology transformations, and financial transitions while embedding strong risk, compliance, and governance frameworks.

Scrutinizer and Compliance

The company has appointed M/s. Rathi & Associates, Practicing Company Secretaries, Mumbai (Unique Identification No. P1988MH011900, Peer Review No. 6391/2025), as the scrutinizer to oversee the e-voting process in a fair and transparent manner.

Shareholder Information

Voting rights will be determined based on the paid-up value of shares registered in shareholders' names as on the cut-off date of December 19, 2025. The postal ballot notice is available on the company's website at www.crest.in , stock exchange websites, and NSDL's e-voting portal at www.evoting.nsdl.com .

Institutional and corporate shareholders are required to send authorization documents to the scrutinizer by January 29, 2026, at 5:00 PM IST. The resolution, if approved, will be deemed passed on the last date of e-voting, January 29, 2026.

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.