Quest Capital Markets approves ₹2.50 dividend, reappoints directors
Quest Capital Markets Limited concluded its 40th AGM on July 27, 2026, with shareholders approving a ₹2.50 per share final dividend for FY26 and adopting the unaudited financial statements. The meeting also saw the reappointment of independent directors Rusha Mitra and Trivikram Khaitan for five-year terms, along with the appointment of Sunil Kumar Sangneria. All resolutions passed with near-unanimous support, backed by 75% voter turnout.

*this image is generated using AI for illustrative purposes only.
Quest Capital Markets shareholders approved a final dividend of ₹2.50 per equity share for the financial year ended March 31, 2026, alongside the adoption of audited financial statements, at its 40th Annual General Meeting (AGM) held on July 27, 2026. The Kolkata-based stockbroking firm also secured shareholder approval for the reappointment of two independent directors, signaling continued stability in its governance structure.
The AGM, conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) pursuant to SEBI and Ministry of Corporate Affairs (MCA) guidelines, commenced at 11:00 a.m. and concluded at 11:46 a.m. Harish Toshniwal, Director of the company, presided over the meeting as Chairman. Twenty-seven members attended the proceedings, including two represented by authorized representatives. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the summary of proceedings to BSE Limited.
Voting was conducted through remote e-voting from July 24 to July 26, 2026, followed by e-voting during the AGM using the Central Depository Services (India) Limited (CDSL) platform. K. Arun & Co., appointed as the scrutinizer by the Board, certified that the voting process adhered to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. Out of 10 million total shares, 7,501,688 votes were polled, representing a 75.02% turnout.
All five resolutions placed before the members passed with overwhelming support. The promoter group, holding 7.5 million shares, voted in favor of all items. Public non-institutional shareholders also largely supported the agenda, with resolutions receiving between 99.29% and 100% of valid votes cast. No abstentions were recorded.
Key Resolutions Passed
| Resolution | Type | Votes in Favor | Votes Against | Support % |
|---|---|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | 7,501,677 | 11 | 99.99% |
| Declaration of ₹2.50 Final Dividend | Ordinary | 7,501,678 | 10 | 100.00% |
| Appointment of Sunil Kumar Sangneria | Ordinary | 7,501,677 | 11 | 99.99% |
| Re-appointment of Rusha Mitra | Special | 7,501,677 | 11 | 99.99% |
| Re-appointment of Trivikram Khaitan | Special | 7,501,676 | 12 | 99.99% |
Sunil Kumar Sangneria was appointed as a director liable to retire by rotation. Independent directors Rusha Mitra and Trivikram Khaitan were reappointed for a second term of five consecutive years each. The company confirmed that the Auditors’ Report did not contain any qualifications, and statutory registers were made available electronically for inspection during the meeting.
Historical Stock Returns for Quest Capital Markets
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.39% | +0.11% | -5.30% | +4.39% | -28.13% | +10.81% |
How does the ₹2.50 dividend per share compare to Quest Capital's historical payout ratios, and what does this signal about the firm's cash flow health and future capital allocation strategy?
With the reappointment of independent directors Rusha Mitra and Trivikram Khaitan for a second five-year term, how might their continued tenure influence the company's strategic direction and risk management framework?
Given the 75% voting turnout and overwhelming support from both promoters and public shareholders, what factors contributed to this high level of stakeholder confidence in the FY26 financial results?


































