Quest Capital Markets Limited has accepted the resignation of Ms. Tanuja Mantri as Chief Executive Officer, effective from the close of working hours on September 15, 2026. The Kolkata-based financial services firm made the disclosure in a letter dated August 17, 2026, addressed to the Listing Department of BSE Limited.

Ms. Mantri submitted her resignation letter on August 17, 2026, stating her intention to pursue opportunities outside the company for her further professional growth. The Board of Directors confirmed that there are no other material reasons for her departure beyond those mentioned in her resignation letter.

Regulatory Disclosure

The intimation was issued pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026.

Bhawna Agarwal, Company Secretary and Compliance Officer of Quest Capital Markets Limited, signed the communication. The company has enclosed Ms. Mantri’s resignation letter along with the required additional details under Annexure-1 of the regulatory filing.

Quest Capital Markets Limited reported a net profit of ₹72.51 lakh for the first quarter ended June 30, 2026, marking a 52.8% year-on-year decline from the ₹153.63 lakh earned in Q1FY25. The drop was primarily driven by a sharp contraction in income from its venture capital fund and reduced profits on the sale of right entitlements. Despite the operational slowdown, the company recorded a substantial total comprehensive income of ₹24,901.72 lakh, largely fueled by unrealized gains in other comprehensive income. Shareholders must act via postal ballot to approve the appointment of two new non-executive directors.

The Board of Directors approved the unaudited financial results at its meeting held on August 11, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors V. Singhi & Associates, who issued an unmodified opinion. Mr. Sunil Kumar Sanganeria, Director (DIN: 03568648), was authorized to sign the results. An extract of the results will be published in newspapers with a QR code, while complete details are available on the BSE Limited and company websites.

Financial Performance

Revenue from operations fell by approximately 47% year-on-year to ₹115.07 lakh. Income from the venture capital fund dropped significantly to ₹0.27 lakh from ₹10.94 lakh in the corresponding period of FY25. Profit on the sale of right entitlements also contracted to ₹109.35 lakh from ₹204.65 lakh. However, dividend income rose to ₹5.44 lakh from ₹1.18 lakh. Net gain on fair value changes remained minimal at ₹0.01 lakh.

Total expenses increased slightly to ₹15.06 lakh from ₹12.10 lakh in Q1FY25, driven by higher employee benefits expense (₹7.29 lakh vs ₹5.81 lakh) and administrative costs (₹6.96 lakh vs ₹5.48 lakh). Tax expense for the quarter was ₹27.50 lakh, comprising entirely of deferred tax with no current tax provision.

Board Appointments

The Board approved the appointment of Mr. Alok Kalani (DIN: 03082801) and Mr. Gopal Rathi (DIN: 00553066) as Additional Directors (Non-Executive, Non-Independent) effective August 11, 2026. This follows prior approval from the Reserve Bank of India under the RBI (Non-Banking Finance Companies – Registration, Exemptions and Framework of Scale Based Regulation) Directions, 2025, dated November 28, 2025, read with RBI (Non-Banking Finance Companies- Governance Directions) 2025. The RBI granted approval via letter dated July 30, 2026, for their tenure until July 1, 2031.

Mr. Alok Kalani, Executive Director (Corporate Finance) at the RP-Sanjiv Goenka Group, brings over three decades of experience in corporate finance and governance. Mr. Gopal Rathi, a Chartered Accountant heading Strategy and M&A at the same group, has over 21 years of experience in acquisitions and corporate strategy. Both are liable to retire by rotation and seek shareholder approval via postal ballot for their continuation as Non-Executive Directors.

The cut-off date for determining voting eligibility for the postal ballot was fixed as August 7, 2026. M/s. K. Arun & Co., Practicing Company Secretaries, Kolkata, were appointed as the scrutinizer to conduct the e-voting process in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.