Crest Ventures Director Pick Gets Unanimous Shareholder Vote, Awaiting RBI

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AuthorAarav Shah|Published at:
Crest Ventures Director Pick Gets Unanimous Shareholder Vote, Awaiting RBI
Overview

Crest Ventures Ltd shareholders have overwhelmingly approved the appointment of Mr. Rajeev Sharma as a Non-Executive, Non-Independent Director. The resolution received 100% of valid votes in favour. Mr. Sharma's appointment, which is for a five-year term commencing January 7, 2026, is subject to final approval from the Reserve Bank of India.

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Crest Ventures Appoints Rajeev Sharma as Director, Awaiting RBI Approval

Crest Ventures Limited has received unanimous shareholder backing for the appointment of Rajeev Sharma as a Non-Executive, Non-Independent Director. The resolution passed with 100% of valid votes cast, totaling 2,12,11,583 votes, following recent postal ballot proceedings.

Sharma, who previously served as an Independent Director for Crest Ventures from 2016 to 2024, brings over 35 years of experience in consulting, IT, and outsourcing industries. His tenure as director is set for five years, commencing January 7, 2026, and concluding January 6, 2031.

This appointment, however, remains subject to final approval from the Reserve Bank of India (RBI). Interestingly, while a prior indication suggested RBI approval had been granted on December 26, 2025, the company's latest filing emphasizes the need for "necessary approvals including from the Reserve Bank of India."

The addition is poised to strengthen the board with experienced leadership, which is crucial for companies in the Non-Banking Financial Company (NBFC) sector like Crest Ventures. The primary risk lies in any potential delay or denial of the RBI's final clearance, which could halt the directorship.

Crest Ventures operates in the NBFC, financial services, and real estate sectors, alongside peers such as Aryaman Financial Services Ltd. and Finkurve Financial Services Ltd. Investors will be closely monitoring for the official RBI announcement and observing how Sharma's expertise influences the company's strategic direction and governance.

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