The company has informed the stock exchange regarding receipt of In-Principle approval for issue of share on preferential basis.
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Quest Flow Controls Ltd has received in-principle approval from BSE (SME platform) for a preferential issue of securities. The issue comprises 97,561 equity shares (face value Rs. 10 each) and 9,85,080 convertible warrants, both to be issued at a price of not less than Rs. 410 per share. The securities will be allotted to promoters as well as non-promoter investors. The approval is dated July 23, 2025, and was disclosed on July 24, 2025. The company is now required to complete allotment and file a separate listing application within 20 days of allotment. BSE has also reminded the company to obtain undertakings from allottees to prevent insider trading around the allotment date.
This preferential allotment will lead to equity dilution for existing shareholders, with up to ~10.8 lakh new shares plus another ~9.85 lakh shares potentially issuing upon warrant conversion. The capital infusion (minimum ~Rs. 44 crore at floor price) may strengthen the company's balance sheet, but short-term stock price may face pressure due to dilution. Shareholders should watch for the final allotment price and identity of allottees.