Quest Capital Markets Ltd Approves Q1 Results and Announces Appointment of New Directors

Quest Capital Markets Ltd Approves Q1 Results and Announces Appointment of New Directors​

Quest Capital Markets Limited announced key outcomes from its Board meeting held on August 11, 2026, including the approval of its unaudited financial results for the quarter ending June 30, 2026, and the appointment of two new directors.

The Board reviewed and approved the Unaudited Financial Results for the first quarter ended June 30, 2026, alongside a Limited Review Report issued by the Statutory Auditors, who provided an unmodified opinion on the results. The company's Audit Committee reviewed and recommended these results prior to board approval.

The results were formally approved, authorizing Mr. Sunil Kumar Sanganeria, Director, to sign the documents. The company is required to publish an extract of these financial results in newspapers along with a QR code.

Financial Performance Overview​

Based on the unaudited financial statements for the quarter ended June 30, 2026, and year ended March 31, 2026, the company reported significant figures across various income streams and expenses.

Key financial details are summarized below:

Appointment of New Directors​

The Board approved the appointments of Mr. Alok Kalani and Mr. Gopal Rathi as Additional Directors (Non-Executive, Non-Independent), effective August 11, 2026. This appointment follows prior approval sought from the Reserve Bank of India (RBI), which granted approval for their positions up to July 1, 2031.

The company also approved a Postal Ballot Notice seeking shareholder approval for these appointments. The cut-off date for determining voting eligibility was set as August 7, 2026, and M/s K. Arun & Co., Practicing Company Secretaries, Kolkata, was appointed as the Scrutinizer for the postal ballot e-voting process.

Mr. Alok Kalani’s Profile:
Mr. Alok Kalani, Executive Director (Corporate Finance) at RP-Sanjiv Goenka Group, is a distinguished finance professional and holds qualifications including B.Com. (Hons.) from St. Xavier's College, Kolkata. He has over three decades of leadership experience in corporate finance, taxation, legal, treasury, and governance, serving as a Director on the boards of several companies, including two listed entities.

Mr. Gopal Rathi’s Profile:
Mr. Gopal Rathi, who is a Chartered Accountant, heads the Strategy and M&A function at the RP-Sanjiv Goenka Group. He possesses over 21 years of experience in leading acquisitions, corporate strategy, and expansion initiatives. Mr. Rathi also serves as a Director on the boards of several companies, including one listed entity.

The appointments are subject to shareholder approval via Postal Ballot, with both directors being liable to retire by rotation for a maximum period up to July 1, 2031.

Stock Price Movement​

As of 13:45, Quest Capital Markets Ltd. is edging lower, posting shares at ₹267.80, marking a 0.07% decline. The stock remains completely locked in its intraday range, with the high and low both standing firmly at ₹267.80.