Key Decisions and Approvals

a) Audited Financial Results

  • The Board approved the Audited Financial Statements (Standalone and Consolidated) for the year ended March 31, 2026.
  • Approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026, in accordance with Regulation 33 and 52 of SEBI Listing Regulations.
  • The Audit Committee reviewed and recommended the results.
  • Auditors' Report issued by N.A. Shah Associates LLP, Chartered Accountants, Statutory Auditors, with unmodified opinion (Annexure A).
  • Declaration pursuant to Regulation 33(3)(d) and 52(2)(a) confirming unmodified auditor opinion enclosed as Annexure B.
  • Disclosure regarding utilization of issue proceeds of non-convertible securities confirming no material deviation for quarter ended March 31, 2026 (Annexure C).

b) Dividend

  • Recommended final dividend of ₹1 per equity share of face value of ₹10 each (10% of face value) for financial year ended March 31, 2026.
  • Dividend payout is subject to approval of shareholders at the forthcoming 44th Annual General Meeting.

c) Annual General Meeting and Record Date

  • The 44th Annual General Meeting (AGM) is scheduled for Saturday, August 22, 2026.
  • Record date for determining members eligible to receive dividend is fixed as Friday, August 14, 2026, in compliance with Regulation 42 of SEBI Listing Regulations.
  • Annual Report for FY 2025-2026 along with Notice of AGM will be sent to members in due course.

d) Re-appointment of Internal Auditors

  • Based on Audit Committee recommendation, approved re-appointment of M/s. Mathur & Co., Chartered Accountants (FRN: 001952C), Mumbai as Internal Auditors for Financial Year 2026-2027.
  • Detailed disclosure enclosed as Annexure D.

e) Appointment of Chief Information Security Officer (CISO)

  • Based on Nomination and Remuneration Committee recommendation, Mr. Manish Jadhav designated as Chief Information Security Officer (CISO).
  • Appointment is in accordance with RBI Master Direction - Information Technology Governance, Risk, Controls and Assurance Practices dated November 07, 2023.
  • Mr. Jadhav identified and designated as Senior Management Personnel under SEBI Listing Regulations.
  • Detailed disclosure enclosed as Annexure E.

Financial Highlights (Standalone)

Assets and Liabilities (as at March 31, 2026)

  • Total Assets: ₹1,55,221.03 Lakhs (Previous year: ₹1,26,654.27 Lakhs)
  • Financial Assets: ₹1,20,610.86 Lakhs (Cash & Cash Equivalents: ₹8,403.66 Lakhs; Investments: ₹60,034.04 Lakhs; Loans: ₹32,657.45 Lakhs)
  • Non-Financial Assets: ₹34,616.17 Lakhs (Inventories: ₹25,546.71 Lakhs; Investment Property: ₹5,096.72 Lakhs)
  • Total Liabilities: ₹37,191.82 Lakhs (Financial Liabilities: ₹22,998.57 Lakhs; Non-Financial Liabilities: ₹14,193.25 Lakhs)
  • Equity: ₹1,18,029.21 Lakhs (Equity Share Capital: ₹2,826.68 Lakhs; Other Equity: ₹1,15,202.53 Lakhs)

Cash Flows (Year Ended March 31, 2026)

  • Cash from Operating Activities: ₹28,533.20 Lakhs
  • Cash from Investing Activities: (₹25,669.19) Lakhs
  • Cash from Financing Activities: ₹3,763.66 Lakhs
  • Net Increase in Cash: ₹6,627.67 Lakhs
  • Cash and Cash Equivalents at year-end: ₹8,403.66 Lakhs

Key Financial Metrics (Standalone)

  • Net Profit After Tax for FY26: ₹3,949.63 Lakhs
  • Basic EPS for FY26: ₹14.00 (Face Value ₹10)
  • Diluted EPS for FY26: ₹13.88
  • Debt-Equity Ratio: 0.17 times
  • Net Worth: ₹1,18,029.21 Lakhs
  • Net Profit Margin: 33.85%
  • Capital Adequacy Ratio: 64.40%

Important Notes to Financial Statements

Note 12: Deposits with Counterparties

  • Company had given unsecured deposits aggregating to ₹15,529.75 Lakhs with certain counterparties in connection with proposed joint development arrangements during FY 2022-23 and 2023-24.
  • Comprehensive security includes original title documents of underlying land parcels/properties, pledge of shares, and mortgage charge over properties created during Q3 FY26.
  • Company entered into joint venture agreement over part of land parcel establishing development framework for monetization.
  • Independent valuation confirms aggregate realizable and development value of security held is adequate to cover carrying value of deposits in full.
  • Management believes carrying value is fully recoverable and no additional provision for impairment is necessary.

Note 13: Scheme of Arrangement

  • Board approved Scheme of Arrangement under Sections 230-232 of Companies Act, 2013 between Crest Ventures Limited (Demerged Company) and Crest Capital and Investment Limited (Resulting Company) on December 18, 2025.
  • Scheme provides for demerger of Demerged Undertaking into Resulting Company on going concern basis.
  • Upon effectiveness, Resulting Company will issue equity shares to eligible shareholders of Company as per share entitlement ratio.
  • Scheme filed with concerned Stock Exchanges; pending regulatory approvals, no impact given in financial results.

ESOP Scheme

  • Company has "Crest-Employees Stock Option Plan 2022" administered by Crest-Employee Welfare Trust (ESOP Trust).
  • ESOP Trust treated as extension of Company; shares held by ESOP Trust treated as treasury shares.
  • As at March 31, 2026, 1,83,000 equity shares held by ESOP Trust.
  • During FY26, eligible employees exercised options reducing treasury shares by ₹7 Lakhs and increasing equity share capital by ₹7 Lakhs.

NCD Issuance

  • On December 23, 2025, Company issued 10,000 12% Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures of face value ₹1,00,000 each aggregating ₹10,000.00 Lakhs on private placement basis.
  • Entire proceeds fully utilized as on March 31, 2026 as per objects of issue.
  • NCDs listed on BSE Limited.

Meeting Details

  • Board meeting commenced at 04:30 p.m. and concluded at 08:30 p.m. on May 22, 2026.