Crest Ventures Limited has informed the Exchange regarding Submission of Minutes of Postal Ballot
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Awaiting price reaction for this filing.
Crest Ventures Limited has submitted the minutes of a postal ballot conducted via remote e-voting, which concluded on April 15, 2025. Two ordinary resolutions were put to shareholders for approval of material related party transactions — one with Sutlej Housing Private Limited and another with VK-21 Realty LLP — both valid till the 43rd Annual General Meeting in 2025. Both resolutions were passed with overwhelming shareholder support, receiving 99.998% votes in favor (30,53,705 valid votes) out of 30,53,773 valid votes received, with only 68 votes against each. The cut-off date for eligibility was February 28, 2025, with 10,608 members recorded as eligible shareholders.
This is a procedural filing confirming that shareholders have already approved (via prior voting results from April 16, 2025) material related party transactions with two related entities. With near-unanimous support, the company now has the green light to proceed with these transactions, which were already announced as being at arm's length. Minimal market impact expected as the voting outcome was previously disclosed.