Crest Ventures Limited announced that at its meeting held on May 24, 2024, the company approved the proposal to raise funds by way of issuance of Listed, Rated, Redeemable, Non-Convertible Debentures aggregating up to INR 1,000 million on a private placement basis ("Debentures"). Further, the Board empowered `Debenture Fund Raising Committee' to evaluate the terms and conditions for the issuance of the Debentures. The Debentures shall be within the borrowing limits as applicable to the Company under Section 180 (1)(c) of the Companies Act, 2013.

Further, on receipt of the required regulatory approvals, if any, the other details of said issue shall be duly intimated.