Crest Ventures Limited refer to the intimation of Outcome of the Board Meeting held on 04th February, 2023, which was filed by us on the Stock Exchanges on 04th February, 2023. In this regard, the company draw attention to the in-principle approval accorded by the Board of Directors of Crest Ventures Limited for raising of funds through issuance of NCDs up to INR 1,000 million in one or more series/tranches, on private placement basis, subject to receipt of the requisite approvals, if any and terms and conditions as may be finalised by the Debenture Fund Raising Committee ("the Committee") of the Board, constituted by the Board for the purposes of overseeing the capital/fund raising exercise of the Company. Pursuant to the provisions of Regulation 29(1)(d) of the Listing Regulations a meeting of the Committee of the Board of Directors of the Company will be held on 02 March, 2023, to consider and approve the terms and conditions and other matters in relation to the proposed issue of Rated, Listed, Senior, Unsecured, Redeemable, Non- Convertible Debentures having face value of INR 100,000 each aggregating upto INR 1,000 million on Private Placement basis in compliance with applicable provisions of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time and SEBI Electronic Book Mechanism Guidelines read with the BSE Operational Guidelines on Electronic book mechanism for issuance of debt Securities.

The above issuance shall be pursuant to the approval of the Board of Directors' resolution passed at its meeting held on 04th February, 2023 and within the existing borrowings limits under section 180(1)(c) of the Companies Act, 2013, as approved by the members.