Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are enclosing herewith the Press Release of the Company.
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Quest Flow Controls Ltd has won an order worth approximately ₹46.26 lakhs from Mazagon Dock Shipbuilders Limited (MDL), a government-owned defence shipbuilder. The order is for high-precision critical valves to be used in a submarine fuel system and marks the company's first-ever project in the submarine segment. The order followed a strict vendor evaluation by MDL, validating the company's technical and quality capabilities. While small in value (less than 1% of the company's FY25 total income of ₹67.94 crore), it is positioned as a stepping stone for larger submarine and defence contracts. The company views this as a strategic entry into India's defence indigenization efforts.
Short-term financial impact is negligible given the order size relative to revenue, but it strengthens the company's credibility in the defence sector and could open doors to higher-value submarine and defence contracts in the future.