Quest Flow Controls Limited reported substantial progress across multiple business segments during Q3FY26, marking significant milestones in international certifications, export growth, and defence sector participation. The company, operating from its 35,000 sq. ft manufacturing facility in Chakan, demonstrated strong momentum in expanding its global footprint while strengthening domestic capabilities.

API Monogram License Initiative

The company initiated the process to secure the American Petroleum Institute (API) Monogram License during Q3FY26, representing a critical regulatory milestone for global Oil and Gas project participation. This certification would position Quest Flow Controls among the select few listed Indian valve manufacturers with API recognition, enhancing its ability to participate in international tenders as a global supplier for critical Oil & Gas applications.

International Market Expansion

Quest Flow Controls achieved meaningful progress in international markets during the quarter, demonstrating its growing global reach and certification capabilities.

The Russia supply represents a significant milestone, executed with proper EAC/EACU certification and delivered through an established Indian EPC partner, showcasing the company's ability to navigate complex international certification requirements.

Defence and Shipbuilding Sector Developments

The company strengthened its position in strategic defence and shipbuilding programs through several key developments. Quest Flow Controls successfully developed and supplied its first submarine valve for a submarine refit project at Mazagon Dock Limited, marking its entry into critical submarine applications.

The development of fogway valve capability places Quest Flow Controls among a select group of global manufacturers with the expertise to design, manufacture, and test such critical components. The Government of India's Shipbuilding Financial Assistance Policy (SBFAP) announced on December 26, 2025, mandates 40% local content for commercial ships built in India, creating structural advantages for domestic manufacturers like Quest Flow Controls.

Operational Infrastructure Enhancement

During Q3FY26, Quest Flow Controls significantly strengthened its manufacturing and testing capabilities through strategic asset additions and facility expansion.

The installation of four fully automatic, four-station test benches resulted in improved productivity, enhanced quality control, and higher testing accuracy. The company received an order from BHEL for a remote-control valve program for the IPMS system, which is currently operating at full capacity.

R&D Expansion and Leadership Strengthening

Quest Flow Controls made substantial investments in research and development capabilities and operational leadership during the quarter. The company onboarded 18 new members to its R&D team, including a specialized valve design expert with comprehensive experience across butterfly, ball, globe, and gate valves to enhance and expand the existing product portfolio.

The establishment of a new office in Pune houses R&D and back-office functions, improving engineering support, documentation efficiency, and project turnaround times. Mr. Sudhir Ghalot was appointed as Vice President - Operations, bringing extensive experience in large-scale operational transformation within the manufacturing sector.

Product Development and Technology Independence

The company continued its transition toward greater technological independence through continued progress in Double Offset Valve development and deployment. This strategic shift away from royalty-based global technologies enables greater control, margin improvement, and enhanced compliance capabilities. The removal of historical limitations associated with royalty-based technologies now permits participation in shipbuilding and gas sector applications previously restricted.

Meson Valves Limited, a company listed on the BSE SME Platform, has announced a significant corporate action. The company's Board of Directors has approved the complete disinvestment of its 48.95% stake in its associate company, Nibe Meson Naval Limited. This strategic move comes as part of Meson Valves' efforts to restructure its investment portfolio.

Transaction Details

The divestment transaction involves the sale of Meson Valves' entire stake in Nibe Meson Naval Limited for a consideration of Rs. 4,89,500 (Indian Rupees Four Lacs Eighty-Nine Thousand Five Hundred only). This decision was disclosed in a regulatory filing dated November 21, 2025, in compliance with SEBI regulations.

Key Points of the Divestment

Buyer Information

The buyer, Nibe Limited, is a company registered under the Companies Act, 2013, with the Corporate Identification Number L34100PN2005PLC205813. Its registered office is located at Plot No. E-2/2, Phase III MIDC Industrial Area, Nanekarwadi CT, Taluka - Khed, Chakan, Pune, Maharashtra-410501.

Related Party Aspects

The transaction involves related party elements, as two directors, Mr. Brijesh Madhav Manerikar and Mr. Swaroop Raghuvir Natekar, serve on the boards of both Meson Valves Limited and Nibe Meson Naval Limited. However, the company has stated that the proposed transaction is being conducted on an arm's length basis, ensuring fairness and transparency in the deal.

Financial Impact

According to the disclosure, the net revenue contribution from Nibe Meson Naval Limited to Meson Valves was nil for the financial year 2024-25. Additionally, the net worth of the associate company was reported as negative during the same period.

Conclusion

This divestment marks a significant change in Meson Valves' investment strategy. As the transaction progresses towards its expected completion date of December 31, 2025, stakeholders will be keen to observe how this move impacts the company's financial position and future growth strategies.