Crest Ventures Board Adds Rajeev Sharma for Five-Year Term

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AuthorVihaan Mehta|Published at:
Crest Ventures Board Adds Rajeev Sharma for Five-Year Term
Overview

Crest Ventures Limited announced shareholder approval for Rajeev Sharma's appointment as a Non-Executive, Non-Independent Director. The approval, secured through a postal ballot, confirms his five-year term on the company's board.

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Crest Ventures Limited shareholders have approved the appointment of Rajeev Sharma as a Non-Executive, Non-Independent Director. The approval was secured via a postal ballot process, confirming the resolution passed with the necessary majority.

Five-Year Director Term Confirmed

The postal ballot's e-voting period concluded on March 29, 2026. A scrutinizer's report, submitted on March 30, 2026, verified the shareholder support. Mr. Sharma's appointment is for a five-year term, effective from January 7, 2026, through January 6, 2031. This addition is expected to enhance the company's board oversight.

Rajeev Sharma's Extensive Experience

Mr. Sharma brings a wealth of experience, having previously served as an Independent Director for Crest Ventures (then Sharyans Resources Ltd.) from 2016 to 2024. He possesses over 35 years in consulting, IT, and outsourcing, holding qualifications including Chartered Accountant, Company Secretary, and a Post Graduate in Law. His directorship also received prior approval from the Reserve Bank of India.

Previous Regulatory Scrutiny

In 2022, SEBI conducted an investigation into allegations of market manipulation concerning Crest Ventures (then Sharyans Resources Ltd.) by entities associated with the Bharat Patel Group. The Securities and Exchange Board of India's final order found insufficient evidence and did not impose any penalties on the company.

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