Crest Ventures Limited has submitted the Exchange a copy Srutinizer s Report of Postal Ballot. Further, the Company has informed the Exchange regarding voting results.
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Crest Ventures Limited announced the results of its postal ballot conducted between March 17 and April 15, 2025, seeking shareholder approval for two material related party transactions. Resolution 1 relates to transactions with Sutlej Housing Private Limited, and Resolution 2 relates to transactions with VK-21 Realty LLP, both passed as Ordinary Resolutions. The promoter group, which holds around 19.66 lakh shares, did not participate in the voting as they were interested parties; only public non-institutions cast votes, with 30,53,705 shares (99.998%) voting in favour and just 68 shares against each resolution. Both resolutions passed with overwhelming majority, and 37 votes were declared invalid.
Shareholders have approved material related party transactions with two group entities, clearing the way for the company to proceed with these deals. Since promoters abstained from voting, the strong public support (over 99.99% in favour) reflects independent shareholder endorsement, though minority investors should review the terms of these related party dealings for arm's-length pricing.