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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Quest Flow Controls Ltd

Quest Flow Controls Board Approves Director Resignation and Remuneration Hike

BOARD ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 10 Oct 2026, 03:41 PM IST  ·  BSE ID: 8307ca3e-818d-4b72-b397-7fa3cb3ca070
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's directors accepted a director's resignation and appointed a new one, also raising an executive's pay pending shareholder votes.
🤖 AI Summary
  • Board accepted Non-Executive Director Lalit Varshney's resignation effective October 10, 2026.
  • Appointed Jitendra Ramdas Bhosale as Additional Non-Executive Director, subject to shareholder approval.
  • Approved executive director Kishor Dhondu Makvan's remuneration increase to Rs. 1,20,00,000 per annum.
  • Approved draft postal ballot notice and set e-voting record date.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Previous Executive Director Remuneration
Rs. 90,00,000 per annum
New Executive Director Remuneration
Rs. 1,20,00,000 per annum
Remuneration Increase
Rs. 30,00,000 per annum
🏢 How This Affects the Company
💰
Financial Impact
The approved remuneration increase for the Executive Director will raise annual payroll expenses by Rs. 30,00,000, effective August 1, 2026.
⚙️
Operational Impact
Management structure changes with a director's resignation and a new appointment, subject to shareholder ratification.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will need to vote on the appointment of the Additional Non-Executive Director and the remuneration increase for the Executive Director via postal ballot.
👤
Who Is Affected
All shareholders of Quest Flow Controls Ltd. will be affected by the proposed changes requiring their vote in the ensuing general meeting.
🔍
Management Signal
Management is signalling a willingness to adjust executive compensation and board composition, contingent on shareholder consent.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Shareholder approval for director appointment.
Shareholder approval for remuneration hike.
Outcome of postal ballot process.
MEDIUM RISK Decisions require shareholder approval, introducing uncertainty in their final implementation.
💡 Investor Takeaway
Quest Flow Controls' board accepted a director's resignation and approved a Rs. 30,00,000 annual pay hike for an executive director, both pending shareholder approval.
❓ Frequently Asked Questions
Who resigned from Quest Flow Controls board and when was it effective?
Mr. Lalit Varshney, Non-Executive Director, resigned effective October 10, 2026.
What is the new remuneration for Quest Flow Controls' Executive Director?
The Executive Director's remuneration increased from Rs. 90,00,000 to Rs. 1,20,00,000 per annum, effective August 1, 2026.
Who was appointed as an Additional Non-Executive Director at Quest Flow Controls?
Mr. Jitendra Ramdas Bhosale was appointed as an Additional Non-Executive Director, subject to shareholder approval.
What is the total annual increase in remuneration for Quest Flow Controls' Executive Director?
The annual remuneration increase for the Executive Director is Rs. 30,00,000.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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