Crest Ventures 44th AGM Approves Dividend

Date: Saturday, August 22, 2026
Time: 11:00 a.m. IST
Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Type of Meeting: 44th Annual General Meeting

The following five resolutions, as set out in the notice dated May 22, 2026, were placed before members for voting:

Ordinary Business:

1. Adoption of Audited Financial Statements, along with Board's and Auditors' Report for Financial Year 2025-26 (Ordinary Resolution).

2. Declaration of Dividend for the Financial Year 2025-26 (Ordinary Resolution).

3. Re-appointment of Ms. Sheetal Kapadia (DIN: 03317767), who retires by rotation (Ordinary Resolution).

Special Business:

4. Approval for Material Related Party Transaction(s) of the Company (Ordinary Resolution).

5. Approval for Material Related Party Transactions of Subsidiaries of the Company (Ordinary Resolution).

The resolutions are deemed passed subject to the receipt of the requisite number of votes.

Methods Used: Remote e-voting and e-voting conducted during the AGM.
Remote E-Voting Period: Commenced on Wednesday, August 19, 2026, at 09:00 a.m. IST and concluded on Friday, August 21, 2026, at 05:00 p.m. IST.
At-Meeting E-Voting: The facility was kept open for an additional 15 minutes after the conclusion of the AGM proceedings for members present to vote.
Scrutinizer: M/s. Rathi & Associates, Practicing Company Secretaries, were appointed to scrutinize the entire e-voting process in a fair and transparent manner.

The final voting results, including total votes cast and percentage in favor/against, were pending at the time of this report, awaiting the Scrutinizer's Report.
The Scrutinizer's Report and detailed voting results were to be declared not later than 2 working days from the conclusion of the AGM and placed on the company's website (www.crest.in).
The results were also to be disseminated to the National Stock Exchange of India Limited and BSE Limited.

Chairman: Mr. Mohindar Kumar (Chairman and Non-Executive, Independent Director)
Other Directors: Mr. Jagdish Mohan Kirpalani, Mr. Sivaramakrishnan Iyer, Ms. Neha Mehta, Mr. Rajeev Sharma, Ms. Sheetal Kapadia, Mr. Vijay Choraria (Promoter and Managing Director)
Key Managerial Personnel: Ms. Radhika Bhakuni (CFO), Ms. Namita Bapna (Company Secretary and Compliance Officer)
Other Representatives: Representatives from N.A. Shah Associates LLP (Statutory Auditors) and M/s. Rathi & Associates (Secretarial Auditors and Scrutinizers) were also present.

Mr. Vijay Choraria, Managing Director, provided a comprehensive business update:

Financial Performance: The consolidated balance sheet grew by 35% to ₹1,925 crores; cash and cash equivalents more than doubled to ₹235 crores.
Real Estate Business: The company has its largest project pipeline to date in Mumbai, Chennai, Jaipur, and Raipur. New projects added include Crest Golfshire (Chembur) and Crest Saidale (Breach Candy). Progress updates were provided on Crest Oaks (external construction complete, >70% units sold), Crest Park, Jaipur (first phase sold out), Crest Link (possession handed over), and One National Park, Chennai (OC received, >60% leased).
Financial Services Business: Revenue from the Non-SLR desk grew ~30% and the Derivatives desk grew 37% during the year.
Organizational Growth: The Crest Group crossed 200 employees during the year.

The meeting was conducted in compliance with circulars from the Ministry of Corporate Affairs (MCA) and SEBI, and provisions of the Companies Act, 2013.
The Notice of the AGM and the Annual Report for FY 2025-26 were sent to members electronically on July 24, 2026.
The Reports of the Statutory Auditors and Secretarial Auditors, which contained unmodified opinions, were taken as read.
The facility for appointment of proxy was not available for this VC/OAVM meeting.
The meeting concluded at 11:33 a.m. IST.