Crest Ventures announced that the Board of Directors of the Company at its meeting held on 14 May 2019, has recommended a Final dividend of Rs.0.5 per share (i.e.5%), subject to the approval of the shareholders.

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Net profit of Crest Ventures declined 8.80% to Rs 10.26 crore in the quarter ended March 2019 as against Rs 11.25 crore during the previous quarter ended March 2018. Sales rose 28.36% to Rs 13.67 crore in the quarter ended March 2019 as against Rs 10.65 crore during the previous quarter ended March 2018.

For the full year,net profit declined 49.04% to Rs 47.91 crore in the year ended March 2019 as against Rs 94.01 crore during the previous year ended March 2018. Sales declined 46.97% to Rs 50.09 crore in the year ended March 2019 as against Rs 94.46 crore during the previous year ended March 2018.

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Vasudeo Galkar has been re-appointed as an Independent Non Executive Director on the Board of Crest Ventures for a second term of five years with effect from 08 May 2019.

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Crest Ventures will hold a meeting of the Board of Directors of the Company on 14 May 2019.

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