Divestment31 March 2026 at 08:10 am
Quest Flow Controls Ltd. Divests Subsidiary H2O Dynamics India Ltd. for ₹ 7,35,00,000
AI Summary
Quest Flow Controls Limited, a manufacturer of valves and flow control solutions, has approved the divestiture of its entire stake in H2O Dynamics India Limited to Stellarin Research and Development Private Limited for a consideration of ₹ 7,35,00,000. The transaction is expected to be completed within two months. H2O Dynamics contributed net revenues of ₹ 811.31 Lakhs and carried a net worth of ₹134.96 Lakhs in FY 2024-25. The Board's decision represents a strategic move to refocus the Company's portfolio on its core strength in valves and valve control systems, while also targeting export markets in response to the growing global demand for oil and gas infrastructure.
Key Highlights
- Quest Flow Controls Ltd. is divesting its entire stake in H2O Dynamics India Limited for ₹ 7,35,00,000 to Stellarin Research and Development Private Limited.
- H2O Dynamics contributed net revenues of ₹ 811.31 Lakhs and carried a net worth of ₹134.96 Lakhs in FY 2024-25.
- The divestiture is a strategic move to refocus the Company's portfolio on its core strength in valves and valve control systems.
- The Company is targeting export markets in response to the growing global demand for oil and gas infrastructure.
- The transaction is expected to be completed within two months.