Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of disinvestment of stake in subsidiary of the company.
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Quest Flow Controls Ltd has approved the sale of its entire 100% stake in subsidiary H2O Dynamics India Limited to Stellarin Research and Development Private Limited (based in Raipur, Chhattisgarh) for a total consideration of Rs. 7.35 crore. In FY24-25, H2O Dynamics contributed net revenue of Rs. 811.31 lakhs and had a net worth of Rs. 134.96 lakhs, meaning the sale price is roughly 5.4 times the subsidiary's net worth. The board approved the deal on March 30, 2026, and the transaction is expected to be completed within two months. Since H2O Dynamics is a related party (being a subsidiary), the company has confirmed the deal is being done on an arm's length basis.
This is a clean exit from a subsidiary that contributed meaningful revenue, and the sale price well exceeds the subsidiary's net worth, which is positive for shareholders. The Rs. 7.35 crore cash inflow could strengthen the company's balance sheet, though investors should watch for any post-completion updates on how the proceeds will be deployed.