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Quest Flow Controls Ltd has announced the disinvestment of its entire 70.33% stake in subsidiary TAMR Alloys Pvt Ltd. The board approved the sale on March 4, 2026, with completion expected by March 6, 2026. The transaction, valued at Rs. 70,330, is on an arm’s length basis.
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Quest Flow Controls Ltd, formerly known as Meson Valves India Ltd, has formally notified the BSE SME Platform of its decision to divest its majority stake in TAMR Alloys Pvt Ltd. The move aligns with regulatory disclosure requirements under SEBI’s Listing Obligations and Disclosure Regulations.
Key Highlights
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The board approved the disinvestment of 70.33% stake in TAMR Alloys Pvt Ltd on March 4, 2026
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The agreement for sale was signed on March 4, 2026, with completion scheduled for March 6, 2026
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Consideration received from the sale amounts to Rs. 70,330
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TAMR Alloys reported nil revenue and a net worth of Rs. 28,916.14 in FY 2024-25
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The buyer, Mr. Milind Mohan Prabhu, is an industry expert in valve casting and not part of the promoter group
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The transaction is conducted on an arm’s length basis and does not fall under related party arrangements
This development marks a strategic restructuring for Quest Flow Controls Ltd, reinforcing its compliance with SEBI’s disclosure norms while streamlining its subsidiary portfolio.
Source: Quest Flow Controls Ltd, BSE SME Platform filing
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