Quest Flow Controls Ltd. Announces Disinvestment of Subsidiary Stake
Quest Flow Controls Limited (formerly Meson Valves India Limited) announced on March 30, 2026, that its Board of Directors has approved the divestment of its entire stake in subsidiary, H2O DYNAMICS INDIA LIMITED. The decision was made at a board meeting held on March 30, 2026, which commenced at 5:30 P.M. and concluded at 6:00 P.M.The transaction involves the sale to Stellarin Research and Development Private Limited, a company incorporated under the Companies Act, 2013, with Corporate Identification Number U37100CT2016PTC002159.
Key details of the transaction are summarized below:
| Particulars | Details |
|---|---|
| Net revenue and net worth contribution (FY 24-25) | Net revenue of 811.31 Lakhs and Net worth of 134.96 Lakhs. |
| Date of agreement | March 30, 2026 |
| Expected completion date | Within 2 months |
| Consideration | Rs. 7,35,00,000 (Indian Rupees Seven Crore Thirty-Five Lakh only) |
| Buyer details | Stellarin Research and Development Private Limited, registered office at L.I.G. MESNET-1, Sector 1, Shankar Nagar, Raipur, Chhattisgarh, India, 492001. |
| Related party transaction | H2O Dynamics India Limited is a related party due to its subsidiary status. The transaction will be conducted at arm’s length. |
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