Crest Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2015, inter alia, has considered and approved the following:<BR><BR>1. Increase in authorised share capital of the Company from Rs. 17.50 Crores to Rs. 23.5 Crores subject to approval of shareholders through postal ballot.<BR><BR>2. Approved the Postal Ballot Notice for:<BR><BR>a. Increasing authorised share capital<BR>b. Authorization to Board of direction u/s 180(1)(a) & (c) of Companies Act, 2013<BR>c. Approval of Related party transaction U/s. 188 (1) read with Clause 49 of Listing Agreement.<BR>d. Adoption of articles as per new Companies Act, 2013.
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