Crest Ventures Limited has issued a postal ballot notice seeking shareholder approval for a key board appointment through electronic voting. The company announced the postal ballot process on February 25, 2026, for the appointment of Mr. Rajeev Sharma as Non-Executive, Non-Independent Director.

Postal Ballot Details

The postal ballot notice, dated February 13, 2026, proposes one ordinary resolution for shareholder consideration:

E-Voting Schedule

The company has established a comprehensive timeline for the electronic voting process:

Director Profile and Background

Mr. Rajeev Sharma brings extensive experience to the board position. He is a qualified Chartered Accountant, Company Secretary, Cost and Management Accountant, and holds certifications as a Certified Information System Auditor and Certified Fraud Examiner. With over 35 years of experience in Consulting, IT and Outsourcing Industry, he has been involved in large IT projects and possesses deep domain knowledge.

Mr. Sharma previously served as an Independent Director of the company from November 02, 2015, completing his second term on November 01, 2025, upon reaching the maximum tenure permissible under the Companies Act, 2013. During his tenure, he served as Chairman/Member of various key committees including the Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, and Corporate Social Responsibility Committee.

Regulatory Approvals

The appointment has received necessary regulatory clearances:

Voting Process

Shareholders can participate in the voting process exclusively through electronic means. The company has engaged National Securities Depository Limited (NSDL) to provide the e-voting platform. M/s. Rathi & Associates, Practicing Company Secretaries, Mumbai, have been appointed as the Scrutinizer to oversee the voting process.

The postal ballot notice has been dispatched electronically to shareholders whose email addresses are registered with the company, registrar, or depositories as on the cut-off date of February 13, 2026. Physical copies of the notice will not be sent in compliance with Ministry of Corporate Affairs circulars.

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.