StockWatch
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Other Industrial Products
Investment4 Mar 2026, 07:21 pm

Quest Flow Controls Ltd to Disinvest Entire 70.33% Stake in Subsidiary TAMR Alloys Private Limited

AI Summary

Quest Flow Controls Ltd has approved the disinvestment of its entire 70.33% stake in its subsidiary, TAMR Alloys Private Limited (Previously known as Milindpra Castings Private Limited). The decision was made at a Board of Directors meeting held on March 04, 2026. The transaction is expected to be completed by March 06, 2026, with the consideration received being Rs. 70,330 (Indian Rupees Seventy Thousand Three Hundred and Thirty only). The buyer, Mr. Milind Mohan Prabhu, is not part of the Promoter and Promoter group. The transaction is on an arm's length basis and does not fall under related party transactions.

Key Highlights

  • Quest Flow Controls Ltd to disinvest entire 70.33% stake in TAMR Alloys Private Limited
  • Transaction amount is Rs. 70,330 (Indian Rupees Seventy Thousand Three Hundred and Thirty only)
  • Transaction is on an arm's length basis
  • Buyer, Mr. Milind Mohan Prabhu, is not part of Promoter and Promoter group
  • Expected completion date of sale/disposal is March 06, 2026