Company Overview

Crest Ventures Limited (Scrip Code: 511413 & 977399, Symbol: CREST) filed comprehensive disclosures including its 44th AGM notice, standalone and consolidated financial statements for FY 2025-26 ending March 31, 2026.

Financial Performance

Consolidated Results: Revenue from operations stood at ₹159.14 crore (previous year: ₹204.29 crore) with profit after tax of ₹47.87 crore (down from ₹90.17 crore). Balance sheet grew 35% to ₹1,925.22 crore with cash equivalents more than doubling to ₹129.02 crore. EPS was ₹16.61 (basic) and ₹16.46 (diluted).

Standalone Results: Reported net profit of ₹394.96 crore (down from ₹788.24 crore) on revenue of ₹116.53 crore. Total assets reached ₹1,552.21 crore with investments totaling ₹600.34 crore in subsidiaries, associates, and other instruments.

AGM and Corporate Actions

The 44th Annual General Meeting will be held on August 22, 2026 via video conference. Key agenda items include adoption of financial statements, declaration of final dividend of ₹1 per equity share (10%), re-appointment of Ms. Sheetal Kapadia as director, and approval of material related party transactions with Fine Estates Private Limited, Priyanka Finance Private Limited, Starboard Hotels Private Limited, and other entities with proposed limits ranging from ₹500 lakh to ₹25,070 lakh.

Book closure dates are August 16-22, 2026, with record date for dividend set as August 14, 2026. E-voting will occur from August 19-21, 2026.

Business Segment Performance

Real Estate Business: Experienced significant expansion with largest project pipeline in company's history across Mumbai, Chennai, Jaipur and Raipur. Added two new Mumbai projects: Crest Golfshire (Chembur) and Crest Saidale (Breach Candy). Crest Oaks (Marol) completed construction with over 70% units sold, while Crest Park (Jaipur) sold out first phase.

Financial Services Business: Non-SLR desk grew approximately 30% while derivatives desk expanded 37%. GIFT City unit moved past setup phase and began generating revenue. The company maintains NBFC-ICC registration with RBI and CAR of 64.40% (well above 15% regulatory requirement).

Capital Structure and Financing

Paid-up equity share capital stands at ₹28.45 crore (28,449,775 equity shares). The company issued ₹100 crore in Non-Convertible Debentures (ISIN: INE559D08032) on December 23, 2025, while redeeming ₹93 crore NCDs on December 20, 2025. CARE Ratings reaffirmed issuer rating at CARE BBB with stable outlook.

Significant Transactions and Events

  • Business Combination: Acquired Sutlej Housing Private Limited on April 24, 2025, recognizing goodwill of ₹59.35 lakhs
  • Investment Portfolio: Includes significant holdings in The Phoenix Mills Limited (₹478.79 lakh), TBOF Foods Private Limited (₹1,175.37 lakh), and various mutual funds (₹868.20 lakh)
  • Deposits Recoverability: Auditors emphasized matter regarding ₹155.30 crore in unsecured deposits given for joint development arrangements
  • Proposed Demerger: Board approved scheme between Crest Ventures and Crest Capital and Investment Limited on December 18, 2025, pending regulatory approvals

Corporate Governance and Compliance

The board comprises 7 directors (4 independent, 2 non-executive, 1 managing director) and met 9 times during FY26. Company maintains 19 subsidiaries and 5 associates, with Crest Finserv Limited determined as Material Unlisted Subsidiary. CSR expenditure of ₹87.22 lakh met obligation requirements. No material orders from regulators/courts or fraud reported during the year.

Subsequent Events and Outlook

No significant events after reporting date that require adjustment. The company continues to expand both real estate and financial services segments while maintaining strong regulatory compliance and corporate governance standards.