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.

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.