CREST VENTURES LIMITED — AGM Information 2019

Sep 11, 2019

Ref: CVL\SE\19-20	11'" September,2019
IT0,	T0,
BSE Limited	ofLimitedNationalIndiaStock Exchange
Phiroze JeejeebhoyTowers,	Exchange Plaza, Bandra KurlaComplex,
Mumbai -Dalal Street,400 001	Mumbai -Bandra (East),400 051
Scrip Code: 511413	Symbol: CREST
ISIN:INE559D01011	Series:EQ

Dear Sir/Madam,

Sub: Summarv of the proceedings of the 37"l Annual General Meeting ("AGM") of the Company

Pursuant to the provisions of Regulation 30 ofthe Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a summary of the proceedings of the 37'h AGM of the Company held on Tuesday, 10'" September, 2019 at 3:00 pm. at MVIRDC, World Trade Centre, Centre-l, First Floor, Centrum Hall, Cuffe Parade, Mumbai — 400 005.

Kindly take the above information on your records.

Thanking you,

Yours faithfully, For Crest Ventures Limited

Namita Bapna Company Secretary

Encl: a/a

PROCEEDINGS OF THE 37" ANNUAL GENERAL MEETING OF

CREST VENTURES LIMITED

The 37'" Annual General Meeting ("AGM") of the Members ofthe Company was held on lOlh September, 2019 at MVIRDC, World Trade Centre, Centre-l, First Floor, Centrum Hall, Cuffe Parade, Mumbai - 400 005 at 3:00 pm.

Mr. Vasudeo Galkar, Chairman of the Company, had expressed his inability to attend the AGM. In his absence, the Directors of the Company had appointed Mr. Rajeev Sharma as Chairman ofthe meeting.

Following Directors and Key Managerial Personnels ofthe Company were present at the AGM:

DIRECTORS AND KEY MANAGERIAL PERSONNELS:

Mr. RajeevShanna	Independent Director,of&AuditNominationChairmanCommittee,RemunerationCommitteeStakeholder'sandRelationship Committee
Mr. VijayChoraria	Managing Director
Mrs. Ferzana Behram kamdin	Independent Director
Mr. Mohindar Kumar	Independent Director
Mr. ParagShah	Chief Financial Officer
Ms. Namita Bapna	Company Secretary &Compliance Officer

Mr. Ashutosh Jethlia, partner of M/s. Pathak H.D. & Associates, Chartered Accountants, Company's Statutory Auditors and Mr. Ajit Sathe, proprietor of M/s. A.Y. Sathe & Co., Practising Company Secretaries, Company's Secretarial Auditors were also present at the meeting.

The attendance ofthe shareholders at the meeting is mentioned below:

Category	Promoterand PromoterGroup	Public	Total
In person	5	85	90
ThroughProxy	'	-	-
Total	5	85	90

Crest Ventures Limited

Ms. Namita Bapna, Company Secretary, introduced all the Board Members on the dais. Mr. Rajeev Shanna, Chairman, after ascertaining the requisite quorum being present, presided over the meeting and welcomed the Members at the AGM ofthe Company.

The Members were informed the Company had provided the facility of remote e-voting for the resolutions set forth in the Notice ofthe AGM for the approval ofthe shareholders in accordance with the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 ofthe Companies (Management and Administration) Rules, 2014 and Regulation 44 of the 81381 (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting period had commenced on Saturday, 71]] September, 2019 at 9:00 am. and ended on Monday, 9'h September, 2019 at 5:00 pm. The e-voting module was disabled by NSDL for voting thereafter. E-voting facility had been arranged for those shareholders who could not cast their votes through remote e-voting.

Members were informed that the Company had appointed CS Ajit Sathe, Proprietor of M/s. A. Y. Sathe & Co., Practising Company Secretaries as the 'Scrutinizer' for the purpose of scrutinizing the voting process in a fair and transparent manner for the resolutions included in the Notice ofthe AGM.

With the permission of the Members, the Notice of the AGM and the Independent Auditors' Report on the financial statements ofthe Company for the financial year 201 8-19, as circulated was taken as read.

Mr. Vijay Choraria, Managing Director, gave an overview ofthe financial performance ofthe Company for the financial year ended 31Sl March, 2019. The Members were then given an opportunity to give suggestions, raise queries one by one and seek clarifications for the same.

The business transacted at the 37l|l AGM, as stated in the Notice dated 14'" May, 2019 is as detailed below:

Sr.	Particulars	Type ofResolution
No.
	ORDINARYBUSINESS:
	Adoption ofStatements ofAuditedFinancialthe Company	Ordinary Resolution
	for the yearended March 31,with the Reports2019 together
	Board ofoftheDirectors and Auditors thereon
2	Declaration ofdividendfor the financial year2018-19	Ordinary Resolution
3	Re-appointment ofMr. VijayChoraria (DIN:00021446) as	Ordinary Resolution
	Director	_
SPECIALBUSINESS:
4	Appointment ofMr. Mohindar Kumar (D1N:08444706)as an	Ordinary Resolution
	Independent Director oftheCompany

Thereafter, the Company Secretary announced voting to be taken electronically (e-voting) and requested CS Ajit Sathe, the Scrutinizer for the orderly conduct ofthe voting.

Crest Ventures Limited

The Members were informed that e-voting results along with the Consolidated Scrutinizer's Report shall be submitted to the Stock Exchanges and uploaded on the website of the Company at mm .crcsixniu.

The Chairman thanked the Members for attending the AGM and meeting then concluded at 3:30 pm. after the Members present at the meeting cast their vote.

For Crest Ventures Limited

llv/

Namita Bapna Company Secretary