📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
Latest filing: 2026-10-10 15:41
0 analysed today
FollowTelegram
0
Today
151,853
All-time analysed
43,533
Positive
6,742
Negative
92,741
Neutral
8,769
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
1 announcement match the current filters (relevance ≥ 5).
Quest Flow Controls Appoints New Director, Raises ED Salary to ₹1.2 Cr, Order Book Tops ₹100 Cr
Quest Flow Controls announced that its Board of Directors met on October 10, 2026, approving the appointment of Mr. Jitendra Ramdas Bhosale as Additional Non-Executive Director following the resignation of Mr. Lalit Varshney. The Board also approved an increase in remuneration for Executive Director Mr. Kishor Dhondu Makvan from ₹90 Lakhs to ₹1.20 Crore per annum effective August 1, 2026, subject to shareholder approval. Concurrently, the company highlighted that its order book has crossed ₹100 Crore, representing approximately 77% of TTM revenue (₹130 Crore), supported by an expanded 35,000 sq. ft manufacturing facility in Chakan, Pune.
Confidence: HIGH
What changedLalit Varshney resigned as Non-Executive Director, replaced by Jitendra Bhosale; ED Kishor Makvan's remuneration was hiked to ₹1.2 Cr/year.
Why it mattersBrings in technical expertise in global oil & gas valves, while ED remuneration increases fixed overheads despite recent quarterly losses.
Revised ED Remuneration: Rs. 1,20,00,000 per annumPrevious ED Remuneration: Rs. 90,00,000 per annumDisclosed Order Book: exceeds ₹100 CroreOrder Book vs TTM Revenue: ~76.9%Facility Size: 35,000 sq. ft
📅 Short termAdministrative impact with focus shifting to the postal ballot notice and shareholder approval for the executive pay increase.
📈 Long termMr. Bhosale's 21+ years of technical experience with global energy majors (Aramco, Shell, ADNOC) may help support export expansion and quality governance.
⚠ Risk flags
- Hiking executive remuneration during a period of recent quarterly losses (₹-5.4 Cr in Mar 2026).
- Shareholder scrutiny on executive compensation relative to TTM PAT of ₹3 Cr.
Key Highlights
Executive Director remuneration increased by 33.3% from ₹90 Lakhs to ₹1.20 Crore per annum, effective August 1, 2026.
Order book reported to exceed ₹100 Crore, supported by a 35,000 sq. ft facility in Chakan, Pune.
Mr. Jitendra Ramdas Bhosale (21+ years of oil & gas valve experience) appointed as Additional Non-Executive Director.
Mr. Lalit Varshney resigned as Non-Executive Director effective October 10, 2026 citing personal reasons.
Postal ballot process initiated with Mr. Nikunj Kanabar appointed as scrutinizer for shareholder voting.
👀 What to Watch
Track the upcoming postal ballot voting results for the director appointment and remuneration hike, as well as revenue conversion from the ₹100+ Crore order book in upcoming quarterly results.
