CREST VENTURES LIMITED - Outcome of Board Meeting

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.