Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Investment and acquisition of 45% ownership of Quest Flow Controls, LLC a ....
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Quest Flow Controls Ltd has acquired a 45% ownership stake in Quest Flow Controls, LLC, a US-based (Texas) company in the same line of business — valves, actuators, and flow control systems for oil & gas, marine, defence, mining, and water sectors. The deal was approved by the Board on November 6, 2025, for a cash consideration of $600,000. The target's owner's funds stood at just $43,880 as of December 31, 2024, and turnover details were not disclosed. The Board also reviewed the business in light of US sanctions and preparedness to execute orders based on changes therein. The acquisition is not a related party transaction, and the company is negotiating to acquire an additional stake over the next six months, which could push it toward a controlling interest.
For shareholders, this is a cross-border expansion move into the US market in the company's core business, but the small size of the target ($600K deal, minimal owner's funds) limits immediate financial impact. The plan to potentially increase the stake within six months could be a longer-term growth driver, though execution risk remains given the modest deal size and ongoing US sanctions uncertainty.