Quest Flow Controls Limited (formerly Meson Valves India Limited) will hold its 10th Annual General Meeting on September 25, 2026, to approve financial results for the fiscal year ended March 31, 2026. The company reported a standalone profit after tax of ₹15.51 lakh, a significant decline from ₹627.60 lakh in the previous year.

The meeting is scheduled for 2:00 pm at the company's registered office in Chakan MIDC Phase II, Pune. Shareholders holding shares as of September 18, 2026, are eligible to vote via remote e-voting between September 22 and September 24, 2026.

Financial Performance Overview

Revenue from operations remained broadly stable at ₹5,857.57 lakh compared to ₹6,110.33 lakh in FY25. However, total expenses rose to ₹6,307.63 lakh from ₹5,365.52 lakh, driven by higher material costs and employee benefits.

On a consolidated basis, the company recorded a loss after tax of ₹428.23 lakh, reversing a profit of ₹679.51 lakh in FY25. This shift was primarily influenced by losses from associates and exceptional items.

What the Numbers Show

A divergence exists between the company's operational stability and its bottom-line performance. While revenue declined marginally by approximately 4%, expenses surged nearly 18%. The standalone profit before tax stood at ₹60.85 lakh after accounting for exceptional items of ₹259.08 lakh. In contrast, consolidated results were dragged down by a loss from associates of ₹344.43 lakh, highlighting the financial impact of recent international expansions.

Strategic Developments and Order Book

Management highlighted that bookings crossed ₹100 crore during FY26, with the order book standing in excess of this amount as of March 2026. Key wins included:

• Garden Reach Shipbuilders & Engineers Limited: ₹23.55 crore order for naval valves.
• BHEL Engineering Services Division: ₹19.89 crore order for remote-control valves.
• Mazagon Dock Shipbuilders Limited: Execution of submarine valve orders.

The company also entered cryogenic service with an order for Adani Dhamra LNG Terminal and established a US presence through a 45% acquisition of QFC LLC in Houston, Texas.

AGM Agenda Items

Shareholders will consider several ordinary and special resolutions:

• Auditor Appointment: M/s APRA & Associates LLP will be appointed as statutory auditors to fill the casual vacancy caused by the resignation of M/s Bilimoria Mehta & Co.
• Director Re-appointments: Re-appointment of Brijesh Madhav Manerikar as Managing Director and Swaroop Raghuvir Natekar as Whole-Time Director for three-year terms.
• Remuneration Approval: Approval for managerial remuneration exceeding limits prescribed under Section 197 of the Companies Act, 2013.
• Dividend: No dividend is recommended for FY26 to conserve resources for growth initiatives.

The board of Quest Flow Controls has approved the reappointment of its managing director and whole-time director for three-year terms, effective September 25, 2026.

Brijesh Madhav Manerikar will continue as managing director, while Swaroop Raghuvir Natekar retains his role as whole-time director. Both appointments require shareholder approval at the upcoming annual general meeting.

Key Board Resolutions

The board meeting held on September 2, 2026, concluded with several key corporate governance decisions:

• Reappointment of Mr. Brijesh Madhav Manerikar as Managing Director for three years from September 25, 2026
• Reappointment of Mr. Swaroop Raghuvir Natekar as Whole-Time Director for three years from September 25, 2026
• Appointment of M/s. APRA & Associates LLP as Statutory Auditor for five years (FY27 to FY31)
• Approval of director remuneration exceeding Section 197 limits under the Companies Act, 2013
• Notice of the 10th Annual General Meeting

Director Profiles

Mr. Manerikar oversees the entire management and administration of the company. Mr. Natekar handles financial aspects and supplier negotiations.

Auditor Appointment

M/s. APRA & Associates LLP (Firm Registration No. 011078N) was appointed as Statutory Auditor based on Audit Committee recommendation. The five-year tenure spans from the conclusion of the 10th AGM to the 15th AGM, subject to member approval under Section 139 of the Companies Act, 2013.

M/s Nikunj Kanabar & Associates, Practicing Company Secretaries, were appointed as Scrutinizer for the AGM voting process.