Crest Ventures Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Crest Ventures Limited's promoter, Vijay Choraria, has filed the annual declaration required under SEBI's takeover regulations for FY2024-25 on behalf of the promoter and promoter group. The declaration confirms that no encumbrance (such as pledge, lien, or charge) was created directly or indirectly on the shares held by the promoters during the year. The promoter group collectively holds 1,97,60,867 shares, representing 69.46% of the company as on March 31, 2025. The holdings are spread across Vijay Choraria (4.98%), Fine Estates Private Limited (55.58%), AK Equities Private Limited (4.63%), and Priyanka Finance Private Limited (4.27%).
This is a routine but reassuring filing for shareholders — it confirms that promoters have not pledged or otherwise encumbered their shares during the year, reducing short-term governance risk. The promoter group remains comfortably above the 50% threshold at 69.46%, indicating no immediate takeover concerns.