Quest Capital Markets Limited , formerly known as BNK Capital Markets Limited, has announced the appointment of Ms. Dhara Agarwal as an Additional Director in the Non-Executive Independent category. This strategic move, approved by the company's Board of Directors, aims to strengthen the corporate governance structure of the organization.

Key Appointment Details

Professional Background

Ms. Agarwal brings a wealth of experience to her new role:

• Education: B.Com degree, Qualified Company Secretary, MBA in Finance
• Experience: Over 15 years in various corporate domains
• Expertise Areas:
  • Corporate and Secretarial Affairs
  • Corporate Compliance
  • Due Diligence
  • CSR Activities
  • Tax Audit
  • Drafting legal documents

Appointment Process and Compliance

The appointment of Ms. Agarwal was made based on the recommendation of the Nomination and Remuneration Committee. Quest Capital Markets has confirmed that Ms. Agarwal meets all eligibility criteria for the position of Independent Director as per applicable statutes.

Importantly, the company has affirmed that Ms. Agarwal is not debarred from holding the office of Director by any order from SEBI or any other authority, in compliance with BSE Circular LIST/COMP/14/2018-19 dated June 20, 2018.

Corporate Governance Implications

This appointment underscores Quest Capital Markets' commitment to maintaining a robust and diverse board composition. The addition of Ms. Agarwal, with her extensive experience in corporate affairs and compliance, is expected to contribute significantly to the company's governance practices and strategic decision-making processes.

The appointment is subject to shareholder approval, reflecting the company's adherence to regulatory requirements and commitment to transparency in corporate actions.

Quest Capital Markets Limited, listed on the BSE, continues to evolve its leadership structure to meet the dynamic challenges of the financial markets sector. This appointment marks another step in the company's ongoing efforts to enhance its corporate governance framework and bring diverse perspectives to its board.

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.