Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are enclosing herewith the Press Release of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.