Crest Ventures Limited — Important, 24-04-2025: General Updates

Crest Ventures Limited has completed the acquisition of 100% of Sutlej Housing Private Limited for a total consideration of INR 60,00,000, making Sutlej a wholly owned subsidiary. Sutlej, incorporated in 2010, operates in real estate development but has not reported any turnover as of March 31, 2024. The acquisition is part of Crest's strategy to consolidate its interests in an SPV intended for the development of the Crest Pantheon real estate project in Dadar. This deal aligns with Crest's growth initiatives in the real estate sector, enhancing its future project capabilities. The acquisition was carried out as a related party transaction, complying with the necessary approvals from the Audit Committee and shareholders. This strategic move may present positive implications for investors regarding potential growth opportunities in Crest's real estate ventures.