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Latest filing: 2026-08-13 18:43
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filings — grounded in each document, but not investment advice and possibly incomplete.
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23 announcements match the current filters (relevance ≥ 5).
Rs 155.3 Cr Deposits Highlighted in Crest Ventures Q1 FY27 Results Board Meeting
Crest Ventures approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. A significant 'Emphasis of Matter' was raised by auditors regarding deposits totaling Rs 155.30 crore (Rs 15,529.75 lakhs) with certain counterparties, which management deems recoverable based on mortgage charges and collateral. This deposit amount is substantial, representing approximately 96% of the company's TTM revenue of Rs 162 crore. Additionally, the board amended its Insider Trading Code and confirmed that all Non-convertible Debenture (NCD) proceeds have been fully utilized.
Confidence: HIGH
What changedApproval of Q1 FY27 financial results and formal amendment of the internal Code of Conduct for Prevention of Insider Trading.
Why it mattersThe results provide the first performance benchmark for FY27; however, the auditor's emphasis on large deposits indicates a significant concentration of assets that investors must track for potential credit or liquidity risks.
Deposits under Emphasis of Matter: Rs 155.30 CrDeposits vs TTM Revenue: ~95.8%Deposits vs Net Worth: ~13.2%LLP Share of Loss (Q1): Rs 2.36 lakhsTTM Revenue: Rs 162 Cr
📅 Short termThe stock may see volatility as the market digests the Q1 earnings performance and the auditor's specific note on the large deposit balance.
📈 Long termLong-term value depends on the execution of the Rs 7,920 Cr real estate pipeline and the successful scaling of GIFT City operations to diversify revenue beyond inter-dealer broking.
⚠ Risk flags
- Auditor Emphasis of Matter on Rs 155.3 Cr deposits
- Concentration of assets in joint venture/mortgaged deposits
- Real estate project execution risks
Key Highlights
Auditor highlighted Rs 155.30 crore in deposits as an 'Emphasis of Matter', representing ~96% of TTM revenue.
The deposits are secured by mortgage charges, joint venture agreements, and share pledges according to management.
Share of loss from investment in one LLP was recorded at Rs 2.36 lakhs for the quarter ended June 30, 2026.
The company confirmed 100% utilization of NCD proceeds, removing the need for deviation disclosures.
Board meeting concluded at 5:30 p.m. on August 13, 2026, after a 2.5-hour session.
👀 What to Watch
Investors should scrutinize the full Q1 FY27 P&L for revenue growth relative to the Rs 63.11 Cr reported in Jun 2025. Closely monitor any updates regarding the recovery or adjustment of the Rs 155.3 Cr deposits mentioned in the auditor's report.
Retirement of Mr. Parag Shah, President - Investments and Credit
Mr. Parag Shah, President - Investments and Credit, has retired from Crest Ventures effective July 31, 2026. As a Senior Management Personnel, he was responsible for the company's core investment and credit functions. Crest Ventures operates with a net worth of Rs 1,180 Cr and reported TTM revenue of Rs 162 Cr. The transition is a standard retirement, and the company has not yet named a successor in this filing.
Confidence: HIGH
What changedMr. Parag Shah has retired from his role as President - Investments and Credit and ceased to be a Senior Management Personnel.
Why it mattersThis is a key leadership role responsible for the company's core investment activities and credit oversight in a finance-heavy business model.
Effective Date: July 31, 2026Market Cap: Rs 1,094 CrTTM Revenue: Rs 162 CrNet Worth: Rs 1,180 Cr
📅 Short termNeutral; retirement is a routine administrative event and unlikely to impact the stock price immediately.
📈 Long termThe quality of the successor will be important for maintaining the company's investment performance and credit risk profile over the coming years.
⚠ Risk flags
- Succession risk
Key Highlights
Retirement of Mr. Parag Shah effective from the closure of business hours on July 31, 2026
Role involved oversight of Investments and Credit for a firm with Rs 1,180 Cr net worth
Company reported TTM PAT of Rs 48 Cr against a market cap of Rs 1,094 Cr
Mr. Shah ceases to be a Senior Management Personnel (SMP) as per SEBI regulations
👀 What to Watch
Monitor future filings for the appointment of a new head for the Investments and Credit division to ensure continuity in investment strategy.
₹1 Dividend Announced; Crest Ventures Schedules 44th AGM for August 22, 2026
Crest Ventures has issued the notice for its 44th Annual General Meeting (AGM) scheduled for August 22, 2026, via video conferencing. The company has fixed August 14, 2026, as the record date for a recommended final dividend of ₹1 per equity share. For FY 2025-26, the company reported a 35% growth in its consolidated balance sheet to ₹1,925 crore, with cash and cash equivalents doubling to ₹129 crore. The real estate segment is expanding its pipeline in Mumbai and Chennai, while the financial services division saw 30-37% growth in its Non-SLR and Derivatives desks.
Confidence: HIGH
What changedThe company has formalized the date for its annual shareholder meeting and established the timeline for its dividend payout.
Why it mattersThe filing confirms the dividend distribution and provides a detailed operational update on the company's shift toward a larger real estate portfolio and expanded financial services desks.
Dividend per share: ₹1Record Date: August 14, 2026Consolidated Balance Sheet: ₹1,925 crCash & Equivalents: ₹129 crNon-SLR Desk Growth: 30%Derivatives Desk Growth: 37%
📅 Short termThe stock may trade with a focus on the dividend record date of August 14, though the yield is relatively low at approximately 0.27% based on current prices.
📈 Long termStructural growth is tied to the execution of the high-value Mumbai real estate pipeline and the ability to maintain market share in the wholesale debt and forex markets.
⚠ Risk flags
- Real estate execution delays
- Liquidity risks from project exit cycles
- Currency and geopolitical volatility impacting financial services
Key Highlights
Recommended final dividend of ₹1 per equity share for FY 2025-26
Consolidated balance sheet grew 35% year-on-year to ₹1,925 crore
Cash and cash equivalents increased by over 100% to ₹129 crore
Financial Services Non-SLR desk revenue grew by approximately 30%
Real estate delivery exceeds 10 million sq. ft. with new projects added in Chembur and Breach Candy
👀 What to Watch
Investors should track the execution and sales velocity of the new Mumbai projects (Crest Golfshire and Crest Saidale) and the revenue ramp-up of the GIFT City unit in FY27.
Crest Ventures Receives NSE and BSE 'No Objection' for Demerger Scheme
Crest Ventures Limited (CVL) has received 'No Objection' from NSE and 'No adverse observations' from BSE on July 20, 2026, regarding its proposed Scheme of Arrangement with Crest Capital and Investment Limited (CCIL). This regulatory clearance follows the initial board approval from December 18, 2025. The company is now authorized to proceed with filing the scheme before the National Company Law Tribunal (NCLT). A critical requirement is that the resulting company, CCIL, must list and commence trading within 60 days of the final NCLT order.
Confidence: HIGH
What changedThe proposed demerger has cleared the stock exchange and SEBI review phase, moving from a board-approved proposal to a legally actionable scheme ready for NCLT filing.
Why it mattersFor a company with a Rs 1088 Cr market cap and diverse interests in finance and real estate, this demerger represents a significant structural change that could lead to independent valuations for its business verticals.
Approval Date: July 20, 2026Listing Deadline for CCIL: 60 days from NCLT orderObservation Letter Validity: 6 monthsMarket Cap: Rs 1088 Cr
📅 Short termThe stock may see positive sentiment as a major regulatory hurdle is cleared, though the actual demerger remains several months away pending NCLT approval.
📈 Long termThe demerger could lead to a more focused corporate structure, potentially improving capital allocation across its real estate and financial services segments.
⚠ Risk flags
- NCLT approval timeline uncertainty
- Requirement to disclose all ongoing legal/adjudication proceedings
- Execution risk in listing the resulting company within the 60-day window
Key Highlights
Received 'No objection' from NSE and 'No adverse observations' from BSE on July 20, 2026
Resulting company (CCIL) must commence trading within 60 days of the NCLT order
Observation letter remains valid for 6 months from the date of sectoral regulatory approval
Financials used for the valuation report must not be more than 6 months old at the time of filing
Company must disclose all ongoing adjudication and recovery proceedings against promoters/directors before NCLT
👀 What to Watch
Investors should monitor the timeline for the NCLT filing and subsequent approval, as this restructuring is intended to separate business undertakings for potential value unlocking.
Rs 2,200 Cr GDV: Crest Ventures signs agreement for Dadar cluster redevelopment project
Crest Ventures, through its 100% subsidiary Sutlej Housing Pvt. Ltd., has signed a Development Agreement with Prafulla Co-operative Housing Society in Dadar East, Mumbai. This society is a constituent of a larger cluster redevelopment initiative with an estimated overall Gross Development Value (GDV) of Rs 2,200 Crore. This project is highly material as the total GDV represents approximately 186% of the company's current net worth of Rs 1,180 Crore. The move aligns with the company's strategy to focus on premium, high-demand Mumbai micro-markets.
Confidence: HIGH
What changedCrest Ventures has formalized its entry into a large-scale cluster redevelopment project in Dadar East by registering a Development Agreement with a key constituent society.
Why it mattersThis project significantly expands the company's high-value Mumbai real estate pipeline, which is a core growth driver alongside its financial services business, and offers high revenue potential relative to the company's size.
Estimated Project GDV: Rs 2,200 CroreCompany Net Worth: Rs 1,180 CroreGDV to Net Worth Ratio: ~186%Subsidiary Stake: 100%
📅 Short termThe announcement is likely to be viewed positively by the market due to the scale of the project and its strategic location in a prime Mumbai micro-market.
📈 Long termSuccessful execution of this cluster redevelopment could significantly re-rate the company's valuation, though it depends on long-cycle real estate development timelines and regulatory approvals.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Complexity of cluster redevelopment involving multiple societies
- Potential regulatory and municipal approval delays
- Construction cost inflation
Key Highlights
Estimated overall Gross Development Value (GDV) of the cluster project is Rs 2,200 Crore
Agreement signed via wholly owned subsidiary Sutlej Housing Pvt. Ltd. (SHPL)
Project is located in Dadar East, a primary multimodal transit and commercial hub in Mumbai
Dadar (E) Redevelopment is scheduled for a Q2 FY27 launch as per the company's expansion pipeline
👀 What to Watch
Monitor the progress of other societies within the cluster joining the agreement and the timeline for obtaining RERA and municipal approvals for the Q2 FY27 launch.
Crest Ventures Promoters Declare Zero Encumbrance on 69.75% Stake for FY 2025-26
Vijay Choraria, on behalf of the Promoter and Promoter Group of Crest Ventures Limited, has declared that no shares were encumbered during the financial year ending March 31, 2026. The promoter group collectively holds 1,98,43,390 shares, representing a significant 69.75% stake in the company. The largest holder within the group is Fine Estates Private Limited with a 55.58% stake. This annual disclosure confirms that the promoter's shareholding remains free of any direct or indirect pledges.
Key Highlights
Promoter and Promoter Group hold a total of 1,98,43,390 shares, equivalent to 69.75% of the company.
Official declaration confirms zero encumbrances or pledges were made during the financial year 2025-2026.
Fine Estates Private Limited is the largest promoter entity with a 55.58% stake (1,58,11,467 shares).
Compliance filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
👀 What to Watch
Investors should view this as a sign of financial health as the high promoter stake is entirely unencumbered. No immediate action is required, but it reinforces confidence in the company's capital structure.
Crest Ventures Reports ₹1,307 Cr Net Worth and ₹998 Cr Real Estate Investment in FY26 Update
Crest Ventures reported a consolidated net worth of approximately ₹1,307 crore for FY26 with a low debt-to-equity ratio of 0.21. The company significantly increased its real estate investment value to ₹998.30 crore from ₹543.11 crore YoY, driven by major projects like Crest Saidale (GDV ₹1,300 cr) and Crest Golfshire (GDV ₹1,850 cr). However, Profit Before Tax (PBT) saw a decline to ₹64.54 crore in FY26 compared to ₹112.47 crore in FY25, primarily due to lower income from investing and financial activities. The company maintains an asset-light approach focusing on JDAs and redevelopment in premium Mumbai locations.
Key Highlights
Consolidated Net Worth stands at ~₹1,307 crore with a healthy Debt/Equity ratio of 0.21 as of March 2026.
Real Estate investment book nearly doubled to ₹998.30 crore in FY26 from ₹543.11 crore in FY25.
Major ongoing projects include Crest Saidale (GDV ₹1,300 cr) and Crest Golfshire (GDV ₹1,850 cr).
Profit Before Tax (PBT) decreased to ₹64.54 crore in FY26 from ₹112.47 crore in the previous year.
Crest Oaks project in Mumbai is over 70% sold with the RCC structure completed.
👀 What to Watch
Investors should monitor the execution timelines and monetization of high-GDV projects like Crest Saidale and Golfshire, which are key to future revenue. The significant drop in investment segment profits suggests volatility in their financial services arm that requires careful tracking.
Crest Ventures Recommends ₹1 Dividend; Sets Aug 14 as Record Date
Crest Ventures has recommended a final dividend of ₹1 per equity share (10% of face value) for the financial year ended March 31, 2026. The company has fixed August 14, 2026, as the record date to determine shareholder eligibility for the payout, subject to AGM approval. Along with the dividend, the board approved the FY26 audited financial results, which received an unmodified audit opinion. The company also strengthened its management by appointing Manish Jadhav as the Chief Information Security Officer.
Key Highlights
Recommended a final dividend of ₹1 per equity share of face value ₹10 (10% payout).
Fixed August 14, 2026, as the record date for dividend eligibility.
Approved audited financial results for FY26 with an unmodified auditor's opinion.
Auditors highlighted ₹15,529.75 lakhs in deposits as recoverable based on collateral and mortgage.
Appointed Manish Jadhav as Chief Information Security Officer (CISO) and Senior Management Personnel.
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the August 14 record date. While the audit report is clean, investors should monitor the recovery of the ₹155.3 crore deposits mentioned in the emphasis of matter.
Crest Ventures Recommends ₹1 Dividend; Sets Record Date for August 14, 2026
Crest Ventures Limited has recommended a final dividend of ₹1 per equity share (10% of face value) for the financial year ended March 31, 2026. The company has scheduled its 44th Annual General Meeting for August 22, 2026, and fixed August 14, 2026, as the record date for dividend eligibility. Alongside the dividend, the Board approved the audited financial results for FY26 and appointed Manish Jadhav as the Chief Information Security Officer. The auditors issued an unmodified opinion, though they highlighted ₹15,529.75 lakhs in deposits as recoverable based on collateral.
Key Highlights
Recommended a final dividend of ₹1 per equity share of face value ₹10 (10% payout).
Fixed August 14, 2026, as the record date for determining dividend eligibility.
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Appointed Manish Jadhav as Chief Information Security Officer (CISO) and Senior Management Personnel.
Auditors emphasized the recoverability of ₹15,529.75 lakhs in deposits based on mortgage charges and collateral.
👀 What to Watch
Investors seeking dividend income should ensure they hold shares before the August 14 record date. While the dividend is positive, investors should also review the full financial statements to assess the quality of the ₹155.3 crore in deposits mentioned in the auditor's emphasis of matter.
Crest Ventures FY26 Results: ₹1 Dividend Declared; ₹155 Cr Deposits Under Auditor Watch
Crest Ventures has approved its audited financial results for the quarter and year ended March 31, 2026, maintaining an unmodified audit opinion. The Board recommended a final dividend of ₹1 per equity share (10% of face value), with a record date of August 14, 2026. A significant 'Emphasis of Matter' was noted by auditors regarding the recoverability of deposits totaling ₹15,529.75 lakhs, which the management deems secure through collateral. The company also strengthened its leadership by appointing Mr. Manish Jadhav as the Chief Information Security Officer.
Key Highlights
Recommended a final dividend of ₹1 per equity share (10% of face value) for FY 2025-26.
Auditors highlighted ₹15,529.75 lakhs in deposits with counterparties as an 'Emphasis of Matter' regarding recoverability.
Appointed Mr. Manish Jadhav as Chief Information Security Officer (CISO) and Senior Management Personnel.
Fixed August 14, 2026, as the record date for dividend eligibility for the upcoming AGM.
Re-appointed M/s. Mathur & Co. as Internal Auditors for the Financial Year 2026-2027.
👀 What to Watch
Investors should closely monitor the status of the ₹155.30 crore in deposits highlighted by the auditors to ensure no future impairments occur. While the dividend provides a small yield, the primary focus should be on the company's ability to manage its credit exposures and regulatory compliance.
Crest Ventures Q3 Standalone Net Profit Declines 15.6% YoY to ₹9.50 Crore
Crest Ventures reported a decline in standalone revenue to ₹25.59 crore for Q3 FY26, down from ₹35.21 crore in the same quarter last year. Net profit followed a similar trend, falling 15.6% YoY to ₹9.50 crore. The nine-month performance shows a sharper decline in profit to ₹34.43 crore compared to ₹73.94 crore in the previous year, largely due to a high base effect from fair value gains in FY25. Despite the drop in earnings, the company maintains a very strong capital adequacy ratio of 77.12%.
Key Highlights
Standalone Revenue from Operations decreased by 27.3% YoY to ₹25.59 crore in Q3 FY26.
Net Profit for the quarter ended December 2025 stood at ₹9.50 crore, down from ₹11.25 crore in Q3 FY25.
Nine-month FY26 profit saw a significant drop to ₹34.43 crore from ₹73.94 crore in 9M FY25.
The company maintains a robust Capital Adequacy Ratio of 77.12% and a Net Worth of ₹1,154.33 crore.
Auditors highlighted ₹155.30 crore in deposits for joint developments, though management currently deems no impairment necessary.
👀 What to Watch
Investors should exercise caution due to the significant year-on-year decline in nine-month profitability and monitor the recovery of the real estate services segment. The high capital adequacy provides a safety buffer, but the auditor's emphasis on large deposits for joint developments remains a key watchpoint.
Crest Ventures Q3 FY26 Net Profit Declines 15.6% YoY to ₹9.50 Crore
Crest Ventures reported a standalone net profit of ₹9.50 crore for the quarter ended December 31, 2025, down from ₹11.25 crore in the corresponding quarter of the previous year. Total revenue for the quarter decreased to ₹25.59 crore compared to ₹35.22 crore YoY, impacted by lower real estate service income. For the nine-month period, the net profit saw a sharp decline to ₹34.43 crore from ₹73.94 crore, primarily due to a high base in the previous year which included significant fair value gains. Despite the drop in earnings, the company maintains a very strong capital adequacy ratio of 77.12% and a low debt-equity ratio of 0.18.
Key Highlights
Standalone Q3 FY26 revenue fell 27.3% YoY to ₹2,559.49 Lakhs from ₹3,522.13 Lakhs.
Net profit for the quarter decreased by 15.6% YoY to ₹949.76 Lakhs.
9M FY26 net profit dropped significantly to ₹3,442.51 Lakhs from ₹7,394.41 Lakhs YoY.
Auditors highlighted an 'Emphasis of Matter' regarding ₹15,529.75 Lakhs in deposits for joint developments.
Capital Adequacy Ratio remains robust at 77.12% with a low Debt-Equity ratio of 0.18.
👀 What to Watch
Investors should exercise caution due to the significant decline in nine-month profitability and the auditor's note on large deposits for joint developments. Monitor the company's ability to convert these deposits into revenue-generating projects without future impairments.
Crest Ventures Incorporates New Real Estate Subsidiary Crest EZY Living
Crest Ventures Limited has incorporated a new wholly-owned subsidiary, Crest EZY Living Private Limited, on February 11, 2026. The new entity will focus on real estate development and allied activities, specifically targeting niche segments like Build-to-Rent (BTR), co-living, and student housing. The company has initially subscribed to 1,00,000 equity shares at INR 10 each, totaling an investment of INR 10,00,000. This move is strategically aligned with Crest Ventures' core real estate business vertical and aims to capture growth in specialized rental housing assets.
Key Highlights
Incorporated Crest EZY Living Private Limited as a 100% wholly-owned subsidiary on February 11, 2026
Initial subscribed capital of INR 10,00,000 comprising 1,00,000 equity shares of INR 10 each
Target segments include residential, commercial, BTR, co-living, and student housing assets
The subsidiary is yet to commence business operations and is currently in the setup phase
Investment is made entirely in cash consideration for 100% control
👀 What to Watch
Investors should monitor the subsidiary's progress in the co-living and student housing sectors, which are high-growth niches. This expansion indicates a strategic shift towards modern rental-yielding assets.
Crest Ventures Appoints Rajeev Sharma as Additional Director for 5-Year Term
Crest Ventures Limited has appointed Mr. Rajeev Sharma as an Additional Director (Non-Executive, Non-Independent) for a five-year term effective January 07, 2026. The appointment received prior approval from the Reserve Bank of India (RBI) on December 26, 2025. Mr. Sharma is a highly qualified professional with over 35 years of experience in Consulting, IT, and Outsourcing, and is the promoter of Osource Global. This appointment is subject to the final approval of the company's shareholders.
Key Highlights
Appointment of Mr. Rajeev Sharma as Additional Director for a 5-year term starting January 07, 2026
RBI granted prior approval for the appointment on December 26, 2025
Mr. Sharma brings over 35 years of domain expertise in Consulting, IT, and Outsourcing industries
Professional qualifications include CA, CS, CWA, Post Graduate in Law, CISA, and CFE
The appointee is the promoter of Osource Global, a leading B2B SaaS and technology solutions provider
👀 What to Watch
Investors should view this as a positive step in strengthening the board with deep domain expertise in IT and outsourcing. No immediate action is required other than monitoring how this leadership addition impacts the company's long-term strategic direction.
Crest Ventures Allots 10,000 NCDs Worth ₹100 Crore at 12% Coupon
Crest Ventures Limited has successfully allotted 10,000 unsecured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis. The fundraise has a total size of ₹100 Crores with a face value of ₹1,00,000 per debenture. These NCDs carry a high coupon rate of 12% per annum, with interest payable on a quarterly basis. The instruments have a relatively short tenure of 18 months, with maturity scheduled for June 23, 2027.
Key Highlights
Raised ₹100 Crores through the allotment of 10,000 NCDs via private placement
High coupon rate of 12% per annum with quarterly interest payment frequency
Short-term tenure of 18 months with a maturity date of June 23, 2027
Assigned a 'CARE BBB; Stable' credit rating by CARE Ratings Limited
NCDs are unsecured and will be listed on the Wholesale Debt Market Segment of BSE
👀 What to Watch
Investors should monitor the company's debt-servicing capability given the high 12% interest rate and the unsecured nature of the debt. The short tenure suggests these funds might be used for immediate working capital or specific project financing.
Crest Ventures Allots INR 100 Crore Unsecured NCDs at 12% Interest Rate
Crest Ventures Limited has successfully allotted 10,000 Non-Convertible Debentures (NCDs) on a private placement basis to raise INR 100 Crores. These unsecured instruments carry a high coupon rate of 12% per annum, with interest payable quarterly over a relatively short tenure of 18 months. The issue has been assigned a 'CARE BBB; Stable' rating and will be listed on the Wholesale Debt Market segment of BSE. This capital infusion provides immediate liquidity but comes at a significant cost of capital for the company.
Key Highlights
Total fundraise of INR 100 Crores through the allotment of 10,000 NCDs with a face value of INR 1,00,000 each.
High coupon rate of 12.00% per annum with interest payments scheduled on a quarterly basis.
Short-term tenure of 18 months with a final maturity and redemption date set for June 23, 2027.
Assigned a credit rating of 'CARE BBB; Stable' by CARE Ratings Limited for the unsecured, senior instruments.
👀 What to Watch
Investors should monitor the company's interest coverage ratio and how it plans to deploy these high-cost funds to generate superior returns. The 12% interest rate reflects a high cost of borrowing which necessitates efficient capital allocation.
Crest Ventures Redeems 9,300 NCDs Worth INR 93 Crores Plus Interest
Crest Ventures Limited has successfully completed the full redemption of 9,300 Unsecured, Senior, Redeemable Non-Convertible Debentures (NCDs) on December 20, 2025. The company repaid a total principal amount of INR 9,300 Lakhs (93 Crores) along with the applicable interest. These NCDs carried a relatively high interest rate of 12%, and their retirement will likely reduce the company's future interest burden. This move reflects the company's strong liquidity position and commitment to meeting its debt obligations.
Key Highlights
Full redemption of 9,300 Rated, Listed, Unsecured NCDs (ISIN: INE559D08024)
Total principal repayment of INR 9,300 Lakhs (93 Crores) completed
NCDs carried a high coupon rate of 12% per annum
Payment of both principal and interest finalized on December 20, 2025
👀 What to Watch
Investors should view this as a positive sign of financial health and debt management. The reduction in high-cost debt is expected to improve the company's net interest margins in the coming quarters.
Crest Ventures to Demerge Financial Services Business; 1:2 Share Entitlement Ratio
Crest Ventures Limited has approved the demerger of its Financial Services Business into a separate entity, Crest Capital and Investment Limited (CCIL). Under the scheme, shareholders will receive 1 new share of CCIL for every 2 shares held in Crest Ventures. The demerged unit contributed INR 2,857.78 Lakhs in turnover for FY25, representing 16.49% of the company's total consolidated turnover in H1 FY26. This move is intended to unlock shareholder value and allow the financial services arm to pursue independent growth strategies and listing on BSE and NSE.
Key Highlights
Share entitlement ratio set at 1:2 (1 share of CCIL for every 2 shares of Crest Ventures)
Financial Services division turnover was INR 2,857.78 Lakhs in FY25 and INR 1,527.74 Lakhs in H1 FY26
The demerged undertaking accounts for 16.49% of the total consolidated turnover as of Sept 30, 2025
The resulting company, CCIL, will seek listing on both BSE and NSE
Scheme requires approvals from SEBI, RBI, NCLT, and shareholders
👀 What to Watch
Investors should hold the stock to participate in the value unlocking through the new entity listing. Keep a watch on the regulatory approval timeline and the announcement of the record date.
Crest Ventures to Demerge Financial Services Business; 1:2 Share Entitlement Ratio
Crest Ventures Limited has approved a Scheme of Arrangement to demerge its Financial Services Business into a new entity, Crest Capital and Investment Limited (CCIL). Eligible shareholders will receive 1 fully paid-up equity share of CCIL for every 2 shares held in Crest Ventures. The demerged undertaking contributed INR 1,527.74 Lakhs (16.49%) to the consolidated turnover in H1 FY26. The new entity, CCIL, is proposed to be listed on both BSE and NSE, aiming to unlock value and allow for a focused growth strategy in the financial sector.
Key Highlights
Demerger of the Financial Services Business into Crest Capital and Investment Limited (CCIL).
Share entitlement ratio fixed at 1 share of CCIL for every 2 shares of Crest Ventures.
Demerged division turnover was INR 2,857.78 Lakhs in FY25 and INR 1,527.74 Lakhs in H1 FY26.
The financial services segment represented 16.49% of the total consolidated turnover for H1 FY26.
CCIL will be listed on BSE and NSE subject to regulatory approvals from NCLT, SEBI, and RBI.
👀 What to Watch
Investors should maintain their positions to benefit from the value unlocking and the eventual listing of the specialized financial services entity. Monitor the progress of regulatory approvals from SEBI and NCLT which are critical for the completion of the demerger.
Crest Ventures Subsidiary Signs JDA for 11,000 Sq. M. Mixed-Use Project in Chembur
Crest Ventures' wholly-owned subsidiary, Crest Urban Living Private Limited, has entered into a Joint Development Agreement with Vensco Projects LLP. The partnership aims to develop a premium mixed-use project on an 11,000 sq. m. land parcel in Chembur, Mumbai. This project is highlighted as one of the largest single-parcel developments in the rapidly growing Chembur locality. The move signifies a strategic expansion of the company's real estate footprint in the Mumbai market.
Key Highlights
Joint Development Agreement signed with Vensco Projects LLP for a premium mixed-use project.
Project spans a significant land area of approximately 11,000 sq. m. in Chembur, Mumbai.
Development is positioned as one of the largest single-parcel projects in the neighborhood.
Executed through wholly-owned subsidiary Crest Urban Living Private Limited (formerly Escort Developers).
👀 What to Watch
Investors should monitor the project's development milestones and its impact on the company's real estate segment revenue. The scale of the project in a prime Mumbai location suggests significant long-term value creation.
