Meson Valves India Limited , now operating as Quest Flow Controls Limited, received the Special Jury Award at the SIDM Champion Awards 2026. The recognition honors its import substitution of mission-critical valves for Indian Navy warships and submarines.

The award was conferred by the Society of Indian Defence Manufacturers (SIDM) during its Annual Session in New Delhi on October 9, 2026. Shri Rajesh Kumar Singh, Defence Secretary, Government of India, presented the award in the presence of Defence Minister Rajnath Singh, Chief of Defence Staff General N. S. Raja Subramani, and Chief of Naval Staff Admiral Krishna Swaminathan.

Recognition for Indigenous Manufacturing

The company was recognized under Category 2: Import Substitution for Mission Critical Parts / Sub-Systems / Systems (SSI / Start-up). The specific product cited was the Series T Triple Offset Butterfly Valve (Wafer, Lug & Flanged | DN 80-DN 1200 | Class 150-600). This indigenously designed valve replaces imported equivalents in naval applications.

Strategic Importance to Defence Sector

Brijesh Manerikar, Chairman & Managing Director, stated that supplying these critical valves supports the nation’s Make in India and Aatmanirbhar Bharat initiatives. He emphasized the company’s commitment to investing in indigenous capability for the defence ecosystem. The company previously supplied the first indigenous valve for an Indian Navy submarine, INS Shankush, through Mazagon Dock Shipbuilders.

What the Numbers Show

While financial metrics are not disclosed in this announcement, the award highlights a strategic shift from import dependency to indigenous manufacturing in a high-barrier sector. Quest Flow Controls operates as an SSI/Start-up entity, indicating that this recognition validates the technical viability of smaller players in complex defence supply chains. The specific mention of replacing imported equivalents underscores a direct reduction in foreign exchange outflow for the Indian Navy’s procurement of critical flow-control components.

Quest Flow Controls Limited approved significant governance changes at its board meeting held on October 10, 2026. The decisions include the resignation of one Non-Executive Director, the appointment of a replacement with extensive oil and gas expertise, and a substantial increase in the Executive Director’s annual remuneration.

The board noted the resignation of Lalit Varshney (DIN: 10689838) from his position as Non-Executive Director, effective October 10, 2026. Varshney cited pre-occupation and personal reasons for his departure. Concurrently, the board appointed Jitendra Ramdas Bhosale (DIN: 09689357) as an Additional Non-Executive Director, subject to shareholder approval in the ensuing general meeting.

Remuneration and Governance Updates

The board approved an increase in the remuneration of Kishor Dhondhu Makvan, Executive Director, from ₹90 lakh per annum to ₹1.2 crore per annum. This revision is effective from August 1, 2026, and remains subject to shareholder approval. Additionally, the board fixed the cut-off date for the submission of the postal ballot notice and entitlement of shareholders for e-voting. Nikunj Kanabar was appointed as the scrutinizer for the e-voting process.

New Director Profile

Jitendra R. Bhosale brings over 21 years of experience in the global oil and gas, valves, quality, and supply-chain sectors. His background includes valve manufacturing, wellheads, X-trees, and drilling equipment. He has worked with major international standards such as API 6A, 6D, and 16C, and has exposure to global customers including Shell, ExxonMobil, Saudi Aramco, and ADNOC.

What the Numbers Show

The company’s disclosure highlights a strategic alignment between governance changes and operational needs. Quest Flow Controls operates a 35,000 sq. ft manufacturing facility and reports an order book exceeding ₹100 crore. The appointment of Jitendra Bhosale, whose profile emphasizes supply-chain risk management and supplier qualification (having conducted 150+ audits), directly addresses the operational demands of scaling production capacity following the company's IPO. This suggests a focus on strengthening technical governance and compliance capabilities to support the growing order backlog.