Quest Capital Markets Limited , a prominent player in the financial services sector, has announced significant changes in its leadership along with impressive financial results for the first quarter of fiscal year 2026.

Leadership Transition

The company's Board of Directors has accepted the resignation of Mr. Arun Kumar Mukherjee from the position of Chief Executive Officer, effective August 12, 2025. Mr. Mukherjee cited advanced age and health-related concerns as reasons for his departure. In his resignation letter, he expressed gratitude to the Board and Management for their support throughout his tenure.

To ensure a smooth transition, the Board has appointed Ms. Tanuja Mantri as the new Chief Executive Officer. Ms. Mantri, described as a young and dynamic professional with expertise in GST, Income Tax Compliances, and finalization of Annual Accounts, will assume her role on August 18, 2025, for a two-year term ending August 17, 2027.

Strong Financial Performance

Quest Capital Markets also released its unaudited financial results for the quarter ended June 30, 2025, showcasing robust growth:

The company's revenue from operations saw a significant year-on-year increase of 51%, rising from Rs. 143.62 lakhs in Q1 FY2025 to Rs. 216.80 lakhs in Q1 FY2026. This growth was primarily driven by a substantial increase in net gain on fair value changes, which stood at Rs. 204.65 lakhs for the quarter.

Quest Capital Markets' profit before tax grew by 40%, reaching Rs. 205.27 lakhs, while the profit for the period increased by 31% to Rs. 153.63 lakhs. The company's basic earnings per share (EPS) also saw a notable improvement, rising from Rs. 1.17 in Q1 FY2025 to Rs. 1.54 in Q1 FY2026.

Other Financial Highlights

• The company reported a marginal dividend income of Rs. 0.03 lakhs, consistent with the same period last year.
• Interest income decreased from Rs. 107.31 lakhs in Q1 FY2025 to Rs. 10.94 lakhs in Q1 FY2026.
• Total expenses increased slightly from Rs. 10.62 lakhs to Rs. 12.10 lakhs year-on-year.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 12, 2025. V. Singhi & Associates, Chartered Accountants, conducted an independent review of the unaudited financial results.

Quest Capital Markets Limited continues to operate with a strong financial position, as reflected in its Q1 FY2026 results. The company's performance, coupled with the strategic leadership change, positions it for potential growth in the coming quarters.

Quest Capital Markets Limited, a prominent player in the financial services sector, has announced significant developments that are set to impact the company's leadership and financial disclosure timeline.

CEO Resignation

Mr. Arun Kumar Mukherjee, the Chief Executive Officer of Quest Capital Markets Limited, has submitted his resignation letter to the company. The resignation, dated August 4, 2025, will be effective upon acceptance by the Board of Directors. This move marks a potential shift in the top leadership of the company, which could have implications for its future strategic direction.

Upcoming Board Meeting

The company has scheduled a crucial board meeting for August 12, 2025. This meeting will address two primary agenda items:

1. Consideration of CEO's Resignation: The board will deliberate on Mr. Mukherjee's resignation, determining the terms and timing of his departure.

2. Financial Results Approval: Directors will review and potentially approve the unaudited financial results for the quarter ended June 30, 2025.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations 2015 and the company's Insider Trading Prohibition Code, Quest Capital Markets has implemented a trading window closure. This restriction applies to all designated employees and their immediate relatives. The trading window will remain closed until 48 hours after the declaration of the unaudited financial results, ensuring fair disclosure and preventing insider trading.

Regulatory Compliance

Quest Capital Markets, formerly known as BNK Capital Markets Limited, has made these announcements in adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company continues to prioritize transparency and regulatory compliance in its operations.

Investors and market watchers will be keenly observing the outcomes of the upcoming board meeting, particularly regarding the leadership transition and the quarterly financial performance of Quest Capital Markets Limited.