Crest Ventures Limited (NSE:CREST) disclosed on 18 August 2026 that its wholly owned subsidiary, Crest EZY Living Private Limited, has incorporated two new step-down subsidiaries, EZY Living Nest Private Limited and EZY Living Spaces Private Limited, both focused on real estate development activities in India.
Key Highlights
- EZY Living Nest Private Limited was incorporated on 17 August 2026 with an authorised capital of Rs 15 lakh and subscribed capital of Rs 10 lakh, and is yet to commence business operations.
- EZY Living Spaces Private Limited was incorporated on 18 August 2026 with identical capital structure of Rs 15 lakh authorised and Rs 10 lakh subscribed capital, also yet to commence operations.
- Both entities are step-down wholly owned subsidiaries of Crest Ventures Limited, held indirectly through Crest EZY Living Private Limited, giving CVL an indirect 100% stake in each.
- Neither incorporation involves a related party transaction, and no promoter or promoter group interest has been declared in either new entity, per the filing.
About the Company
Crest Ventures Limited (NSE:CREST), headquartered in Mumbai, Maharashtra, operates in the real estate and financial services sectors. The company is engaged in real estate development, leasing, and investment activities across residential and commercial asset classes in India. Its equity shares trade on both NSE and BSE under the scrip code 511413.
Announcement in Detail
Filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the intimation confirms that Crest EZY Living Private Limited, a wholly owned subsidiary of Crest Ventures Limited (NSE:CREST), has incorporated two new private limited companies. EZY Living Nest Private Limited bears CIN U68100MH2026PTC474795 and was incorporated on 17 August 2026, while EZY Living Spaces Private Limited bears CIN U68100MH2026PTC474822 and was incorporated on 18 August 2026, both registered in Maharashtra.
Both entities have been set up to undertake real estate development and allied activities, covering acquisition, development, leasing, and operation of residential, commercial, and purpose-built rental housing assets. The filing specifically references build-to-rent, co-living, and student housing as intended asset categories. The disclosure states these business lines are aligned with CVL's existing real estate verticals and are intended to further the company's stated business objectives.
Impact on Investors
Investors will note that neither incorporation required a cash outlay or share swap from Crest Ventures Limited directly, as the entities have been formed through the existing subsidiary Crest EZY Living Private Limited. The filing shows CVL holds an indirect 100% stake in both new companies by virtue of its complete ownership of Crest EZY.
The disclosed terms indicate that both companies are yet to commence operations, so no revenue or earnings contribution is expected at this stage. Shareholders will observe that the filing explicitly confirms no related party interest from the promoter or promoter group, which limits the governance concerns typically associated with subsidiary formations.
Sector / Market Context
India's residential real estate market has seen growing institutional interest in purpose-built rental housing formats, including co-living and student housing. According to data cited by industry bodies such as FICCI and CREDAI, demand for managed rental accommodation has expanded alongside urbanisation and rising student and working-age migration to metropolitan centres. This structural backdrop is relevant context for understanding the type of assets the two newly incorporated entities are intended to develop and operate within CVL's broader portfolio.