CREST VENTURES LIMITED — Capital/Financing Update 2024

Jun 20, 2024

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Ref: CVL/SE/2024-25

Ref: CVL/SE/2024-25	June 20, 2024
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.	To, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra(East), Mumbai - 400 051.
Scrip Code: 511413 ISIN: INE559D01011	Symbol: CREST Series: EQ

Dear Sir / Madam,

Sub: Outcome of Debenture Fund Raising Committee Meeting held on June 20, 2024

In furtherance to our letter dated May 24, 2024 and June 07, 2024 and pursuant to the provisions 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 held today i.e., June 20, 2024, the Committee has inter alia approved the allotment of 9300 (Nine Thousand Three Hundred) 12% Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures each of face value ₹1,00,000/- (Rupees One Lakh only) on a private placement basis, at par, for a period of 18 (Eighteen) Months.

Further, disclosure under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure A .

The meeting commenced at 11.00 a.m. and concluded at 11.20 a.m.

Kindly take the same on your records.

Thanking you.

Yours faithfully , For Crest Ventures Limited

Digitally signed NAMITA by NAMITA BAPNA BAPNA Date: 2024.06.20 11:21:26 +05'30' Namita Bapna Company Secretary Enc: a/a

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Annexure A

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Details pursuant to SEBI Circular dated July 13, 2023 of SEBI (Listing Obligations and Disclosures) Requirements, 2015

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Issuer Crest Ventures Limited
Type of securities Rated, Listed, Unsecured, Senior, Transferable,
Redeemable, Non-Convertible Debentures
(“Debentures”)
Type/ Mode of issuance Private Placement
Total Amount raised and total 9300 (Nine Thousand Three Hundred) 12% Rated,
number of securities allotted Listed, Unsecured, Senior, Transferable, Redeemable
Non-Convertible Debentures each of face value
₹1,00,000/- (Rupees One Lakh only)
Size of the issue ₹ 93 Crores
Whether proposed to be listed? If Wholesale Debt Market Segment of BSE Limited
yes, name of the stock
exchange(s)
Tenure of the instrument; Deemed date of allotment – June 20, 2024
Tenure - 18 (Eighteen) months
date of allotment and date of Date of maturity/ Details of redemption of debentures –
maturity/ Details of redemption of December 20, 2025 i.e.18 (Eighteen) months from the
debentures Deemed Date of Allotment, subject to early redemption
or acceleration pursuant to Event of Default.
Face Value ₹1,00,000/- (Rupees One Lakh only)
Issue Price per Debentures ₹1,00,000/- (Rupees One Lakh only), at par
Coupon/interest offered 12.00% p.a.
Schedule of payment of Coupon payment on quarterly basis from the date of
coupon/interest and principal deemed allotment and principal repayment on completion
of 18 (Eighteen) months from the Deemed Date of
Allotment.
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Credit Rating Credit Rating Agency - CARE Ratings Limited vide
Credit Rating letter dated June 06, 2024
Instruments/Issuer Ratings Rating
Action
Non-Convertible CARE BBB; Assigned
Debentures Stable
Issuer Rating CARE BBB; Reaffirmed
Stable
Charge/security, if any, created Not applicable. The debentures are unsecured.
over the assets
Special right/interest/privileges Not applicable
Delay in payment of interest / In case of default in monies due and payable in
principal amount for a period of connection with the Debentures on the respective due
more than three months from the dates, the defaulted amount thereof shall carry Default
Interest, at 2% (Two Percent) per annum over and above
due date or default in payment of
the Coupon rate, from the date of the occurrence of the
interest / principal
default until the default is cured or the Debentures are
redeemed pursuant to such default, as applicable.
Details of any letter or comments Not applicable
regarding payment / non-payment
of interest, principal on due dates
or any other matter concerning the
security and / or the assets along
with its comments thereon, if any
Details of redemption of Not Applicable
preference shares indicating the
manner of redemption (whether
out of profits or out of fresh issue)
and debentures
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