Crest Ventures Limited has approved a scheme to demerge its Financial Services Business into Crest Capital and Investment Limited. The move aims to streamline operations, enhance strategic focus, and attract sector-specific investors. Shareholders will receive 1 fully paid-up equity share of ₹10 in the resulting company for every 2 shares held in Crest Ventures.
In a key restructuring move, Crest Ventures Limited has approved the demerger of its Financial Services Business into Crest Capital and Investment Limited, its wholly owned subsidiary. The Board’s decision, taken at its meeting on December 18, 2025, follows recommendations from the Audit Committee and the Committee of Independent Directors.
The scheme will enable the Financial Services Business—a segment contributing 16.49% of Crest’s consolidated turnover in H1 FY2025—to operate independently with a focused growth strategy. The proposed reorganization aligns with applicable laws, including Section 2(19AA) of the Income Tax Act, 1961, and is subject to shareholder, creditor, market regulator, and NCLT approvals.
Notable Updates and Major Takeaways
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Demerger details: The Financial Services Business will transfer from Crest Ventures Limited (demerged entity) to Crest Capital and Investment Limited (resulting company) as a going concern.
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Share entitlement: Eligible shareholders to receive 1 fully paid-up ₹10 equity share in the resulting company for every 2 shares held in Crest Ventures.
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Valuation confirmation: M/s SSPA & Co. prepared the valuation report; Galactico Corporate Services Ltd. issued a Fairness Opinion deeming the ratio fair.
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Listing proposal: Crest Capital and Investment Limited will seek listing on both NSE and BSE post-approvals.
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Business rationale: The move enables sharper focus on financial services, simplifies group structure, and enhances long-term value for shareholders.
Sources: NSE Corporate Filings, BSE Corporate Announcements, Crest Ventures Limited Exchange Submission