Quest Flow Controls Limited has announced a strategic disinvestment decision involving its subsidiary operations. The company's Board of Directors approved the complete divestment of its stake in TAMR Alloys Private Limited during a board meeting held on March 04, 2026.

Disinvestment Details

The transaction involves the sale of Quest Flow Controls Limited's entire 70.33% stake in its subsidiary TAMR Alloys Private Limited, previously known as Milindpra Castings Private Limited. The board meeting, which commenced at 5:00 P.M. and concluded at 5:30 P.M., formally approved this disinvestment decision.

Financial Performance of Subsidiary

The subsidiary's financial position reveals minimal operational activity in the recent financial year. TAMR Alloys Private Limited reported nil net revenue for FY 24-25, while maintaining a net worth of 28,916.14 during the same period.

Buyer Information and Transaction Structure

The purchaser of the stake is Mr. Milind Mohan Prabhu, who resides at Shrinivas Apartment GP 106 Flat No 101 Shahunagar Near Hanuman Temple G Block MIDC Chinchwad-411019. The buyer brings relevant industry expertise, particularly in the field of casting of valves, which aligns with the subsidiary's business operations.

Importantly, Mr. Milind Mohan Prabhu is not associated with Quest Flow Controls Limited's promoter or promoter group, ensuring the transaction maintains independence. The company has confirmed that this transaction is being conducted on an arm's length basis, adhering to regulatory requirements for related party transactions.

Regulatory Compliance

The disinvestment has been announced in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not fall under any scheme of arrangement, and the company has provided all necessary disclosures as required under the regulatory framework. The announcement was signed by Swaroop Raghuvir Natekar, Whole Time Director (DIN – 05154850), representing the company's commitment to transparent corporate governance.

Quest Flow Controls Limited has secured a substantial purchase order worth ₹9,001,594.87 from the Ministry of Defence for supplying naval and critical valves. The order, disclosed under Regulation 30 of SEBI listing regulations, marks a significant business development for the company formerly known as Meson Valves India Limited.

Order Details and Specifications

The purchase order encompasses the supply of naval and critical valves, including triple offset butterfly valves, to a Government of India Undertaking under the Ministry of Defence. The contract represents a strategic engagement with India's defense sector, highlighting the company's capabilities in manufacturing specialized valve systems for critical applications.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made on March 4, 2026, by Whole Time Director Swaroop Raghuvir Natekar, ensuring transparency with stakeholders and regulatory compliance.

Key compliance aspects include:

• No promoter or group company interest in the awarding entity
• No related party transaction implications
• Arms-length transaction nature confirmed
• Domestic entity classification

Company Operations

Quest Flow Controls Limited operates from its factory located at Gat No. 324, Chakan MIDC Phase-II, Village Bhamboli, Tal, Dist, Khed, Maharashtra. The company's registered office is situated in Verna Industrial Estate, South Goa. The organization specializes in manufacturing valve systems for various industrial applications, with particular expertise in naval and critical valve solutions.

Strategic Significance

This defense sector order demonstrates Quest Flow Controls Limited's technical capabilities and quality standards required for critical naval applications. The three-month execution timeline indicates the company's operational readiness to deliver specialized valve systems within stringent defense sector requirements.