CREST VENTURES LIMITED — Capital/Financing Update 2023

Mar 2, 2023

==> picture [67 x 68] intentionally omitted <==

Ref: CVL/SE/2022-23

02[nd] March, 2023

Ref: CVL/SE/2022-23	02nd March, 2023
To,BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai - 400 001.	To,National Stock Exchange of India LimitedExchange Plaza, Bandra Kurla Complex,Bandra(East),Mumbai - 400 051.
Scrip Code: 511413ISIN: INE559D01011	Symbol: CRESTSeries: EQ

Dear Sir / Madam,

Sub: Intimation of outcome of Debenture Fund Raising Committee Meeting held on 02[nd] March, 2023, to issue Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non- Convertible Debentures with a base issue size upto INR 75 Crore with a Green Shoe Option upto INR 25 Crore aggregating upto INR 100 crores on Private Placement Basis.

Ref: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In furtherance to our letter dated 27[th] February, 2023 and pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read together with Para A of Part A of Schedule III of the Listing Regulations, we hereby inform that at the meeting of Debenture Fund Raising Committee (“the Committee”) of the Board held today i.e., 02[nd] March, 2023, the Committee considered and approved issuance of, on a private placement basis, Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures (“NCDs”) each of face value INR 1,00,000/- (Rupees One Lakh only) , at par, with a base issue size upto INR 75 Crore with a Green Shoe Option upto INR 25 Crore aggregating upto INR 100 Crore.

Please note that the said issue is within the existing borrowings limits under section 180(1)(c) as approved by members and no fresh approval is required.

Further, disclosure under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 is enclosed as Annexure A .

The meeting commenced at 11.30 a.m. and concluded at 12.15 p.m.

Kindly take the same on your records.

Thanking you.

Yours faithfully ,

For Crest Ventures Limited

NAMITA Digitally signed by NAMITA BAPNA BAPNA Date: 2023.03.02 12:27:26 +05'30' Namita Bapna Company Secretary Enc: a/a

==> picture [427 x 28] intentionally omitted <==

==> picture [67 x 68] intentionally omitted <==

Annexure A

Disclosure under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015

==> picture [437 x 475] intentionally omitted <==

----- Start of picture text ----- Type of securities Rated, Listed, Unsecured, Senior, Transferable,Redeemable, Non-Convertible Debentures (“NCDs”)Mode of issuance Private PlacementSize of the issue Base issue size upto INR 75 Crore with a Green ShoeOption upto INR 25 Crore aggregating upto INR 100CroreWhether proposed to be listed? If Wholesale Debt Market Segment of BSE Limitedyes, name of the stockexchange(s)Tenure of the instrument; Deemed date of allotment – As per the relevant PrivatePlacement Offer Documentdate of allotment and date ofmaturity/ Details of redemption of Tenure - 15 (Fifteen) monthsdebenturesDate of maturity/ Details of redemption of debentures -15 (Fifteen) months from the Deemed Date of Allotment,subject to early redemption or acceleration pursuant toEvent of DefaultCoupon/interest offered, schedule As per the relevant Private Placement Offer Documentof payment of coupon/interestand principalCredit Rating Credit Rating Agency - Care Ratings Limited vide CreditRating letter dated February 21, 2023Instruments/Issuer RatingsNCDs CARE BBB; StableIssuer Rating CARE BBB; StableCharge/security, if any, created Not applicable. The debentures will be unsecured.over the assetsSpecial right/interest/privileges Not applicableDelay in payment of interest / As per the relevant Private Placement Offer Documentprincipal amount for a periodof more than three months fromthe due date or default in paymentof interest / principal----- End of picture text -----

==> picture [427 x 28] intentionally omitted <==