Crest Ventures Share Price

Crest Ventures Limited, formerly known Sharyans Resources Limited was established on October 16, 1982 at Kolkata, West Bengal. Companys name was changed from Sharyans Resources Limited to Crest Ventures Limited w.e.f. September 01, 2014. The Company promoted by Pannalal Bengani, Motilal Sharma and Vijay Singh Dugar was initially engaged in trading of synthetic yarns and fabrics till Mar.93, it diversified into financial activities with emphasis on housing development and finance, lease financing, hirepurchase and investment in bonds and properties. Crest Ventures Limited is a NonBanking Finance Company registered with The Reserve Bank of India (RBI). The Company came out with a public issue at a premium of Rs 5 in Dec.93 to partfinance the diversification of the companys operations in the area of housing development and finance. Later the company has entered into a partnership with Kalpataru Homes for the execution of a large commercialcumresidential complex at Panvel.In 199596, it came out with Rights issue of 3510000 shares of Rs 10/ each for cash at a premium of Rs 25/ per share was fully subscribed and the money raised has also been deployed.During year 2007, the Company floated a 100% subsidiary, Tamarind Tours Private Limited to provide travel and related services. The Companys investments in Real Estate business saw efforts yield resulting with the opening of Phoenix Market City Mall at Velachery, Chennai as a major milestone in 201213.The Company tookover Fortune Financial Services (India) Limited (FFSL), resulting it in becoming one of the Promoters during 201314. Through the Composite Scheme of Amalgamation, ITI Securities Limited, subsidiary of ITI Capital Holdings Private Limited, merged with ITI Capital Holdings Private Limited from April 01, 2014 and through the same Scheme, the amalgamated ITI Capital Holdings Private Limited, subsidiary Company merged with the Company effective from April 02, 2014.During the year 201617, Crest Capital and Investment Private Limited was incorporated as a wholly owned subsidiary on September 16, 2016. Further, the Company increased its stake in Escort Developers Private Limited on March 31, 2017 from the existing 50% to 100% resulting into its becoming a wholly owned subsidiary company. However, the Company has acquired a further stake of 10% in Crest Wealth Management Private Limited in 201718. Similarly, it increased its stake in Crest Finserv Limited from 52% to 100% resulting Crest Finserv Limited to became whollyowned subsidiary of the Company during 201819. During 201920, the Company acquired 21% stake in TBOF Foods Private Limited, which resulted TBOF Foods in becoming an associate of the Company. The Company along with its wholly owned subsidiary, i.e., Escort Developers Private Limited sold their entire stake being 38,49,058 Equity Shares constituting 50% of the paid up equity share capital of Classic Mall Development Company Limited (CMDCL) for an aggregate consideration of Rs 936 Crore to The Phoenix Mills Limited (PML). Consequent to the sale/transfer of shares, the Companys and Escorts holding in CMDCL was reported Nil and CMDCL ceases to be an associate of the Company effective May 05, 2022.Mane Green Private Limited was made subsidiary effective August 16, 2022 Crest Habitat Private Limited was made subsidiary effective August 25, 2022 Crest Corner Private Limited was made subsidiary effective August 29, 2022. Further during the year 202324, Ramayana Realtors Private Limited became the subsidiary of the Company w.e.f. November 03, 2023 and ceased to be an associate w.e.f. November 02, 2023.Crest 4 Pali Hill in Bandra (West), Mumbai residential project got completed in May 2025 with demolition and commenced piling work, marking the official start of construction in 2025. Crest Legacy Dadar (East), Mumbai has taken over control to emerge as a transformative urban development in the Dadar skyline in 2025.A Scheme of Arrangement between the Company and Crest Capital and Investment Limited for the demerger of the Company into Crest Capital and Investment Limited, a wholly owned subsidiary has been approved by the Board of Directors of the Company on December 18, 2025 and is subject to statutory approvals in 2026.