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Crest Ventures Ltd. Company History and Annual Growth Details

Sharyans Resources Ltd. (SRL) was incorporated on 16th
October 1982 It was promoted to carry on the business of
leasing, hire-purchase and investment in securities as its
primary objectives. However, the Company since inception
was carrying on the activity of trading in synthetic yarns
and fabrics till March 1993.

In 1993 SRL commenced operations in trading in securities.
SRL made its maiden Public Issue in February 1983 and the
equity shares of the Company were listed on the Calcutta
Stock Exchange. The Company subsequently made a Public
Issue in December 1993 to finance its fund based
activities. The shares of the company were subsequently
listed at Bombay, Jaipur and Ahmedabad Stock Exchanges.

In the year 1994-95 the Company diversified its operations
with emphasis on Real Estate Finance and Development,
Project Management & Investment and Lease Finance.

The Company is not a Non Banking Finance Company (NBFC) and
hence is not registered with RBI under the said law. By
virtue of being a Non NBFC, the Company would not be able
to borrow upto two/ten times the net owned funds as allowed
for NBFC's. The amount of deposits that can be raised by
the Company will be as per the limits laid down under
Section 58A of the Companies Act, 1956.

PRESENT BUSINESS

Real Estate Finance and Development is a fund based
activity. This involves purchase of property/development
rights for residential and/or commercial purposes either
solely or jointly in partnership with the
Owners/builders/investors. The property is then developed
in accordance with the approved plan from the statutory
authorities viz., local municipal bodies etc. The developed
property is then sold at various stages of completion in
whole or in parts at the then prevailing market rates. The
company also finances builders for their projects and
charges interest according to type of construction and risk
involved in the venture. These loans are sometimes secured
by lien/option to purchase the property.

The Company would be carrying on the business of Housing
Finance and would be lending to Corporates for providing
housing to its employees. The Company would not be involved
in retail housing finance and hence is not registered with
National Housing Bank (NHB). It won't be entitled for
refinance from NHB.

The Company has already entered into some such contracts,
the details of which are stated elsewhere in the offer
document.

Project Management and Investments is also a fund based
activity. Project Management involves identifying property
for development/restructuring, syndicating all resources
required for executing the project and finally making
arrangements for sale/disposal of the same. All the above
activities are done on behalf of the property owners. The
Company does not enjoy any ownership rights on such
property. The project may involve both residential and/or
commercial properties. For the above services Company
charges management fees in addition to cost of providing
resources, if any, for the same. In the year 1994-95 the
Company successfully managed a property development project
at Worli, belonging to S. Kumars group. In this project the
Company provided finance aggregating to Rs.210.00 lacs and
syndicated additional funds to the extent of Rs.140.00
lacs, for restructuring and development.

The Company also invests in real estate and securities both
for long term purposes as well as parking its funds for
short term. In 1994-95, the Company earned a sum of
Rs. 213.56 lacs through the above activities.

The Company has also tied up three properties under this
activity details of which are mentioned under the head
Business Prospects and Profitability.

Besides real estate activities, the Company has also
deployed Rs. 91.29 Lacs towards lease of plant and
machinery and earned Rs.10.81 Lacs as Lease income in
addition to tax benefits accruing from depreciation
shelter. The assets have been leased to M/s. Pradeep Metals
Ltd., Bombay. It is in the process of widening its client
base for lease operations.

The Company has been providing Corporate Advisory Services
in the areas of Corporate Finance, Loan Syndication etc. In
the year 1994-95, the Company earned a sum of Rs. 8.15 Lacs
from this activity. SRL has promoted Oracle Stocks &
Shares Ltd (OSSL). OSSL is a Trading Member of the National
Stock Exchange (NSE) for both the Wholesale Debt Market and
Capital Market Segment. OSSL was incorporated on 28th
April, 1994, with SRL as a dominant shareholder. This has
enabled SRL to have an access to dealing on the NSE for its
Investment trading activity.

2005

-Sharyans Resources has given the Bonus in the Ratio of 1:2

2011
-Registered Office of the Company has been shifted To 4th Floor, Kalpataru Heritage,127, M. G. Road, Fort, Mumbai - 400 001.

2012
- Sharyans Resources has recommended dividend Rs. 0.50 per share (@ 5%) .

2013
- Sharyans Resources has recommended dividend Rs. 0.50 per share (@ 5%).

2014
-The Company Changed it's name from Sharyans Resources Limited to "CREST VENTURES LIMITED".
-Crest Ventures has recommended dividend Rs. 0.50 per share (@ 5%).

2015
-Scheme of Amalgamation between ITI Capital Holdings Private Limited and ITI Securities Limited and Crest Ventures Limited.

2017
-Crest Ventures acquires shares from Fuhse River in CMDCPL

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