Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015.

October 26, 2026 The Manager, BSE SME Platform Department of Corporate Services 25th Floor, P.J. Towers, Dalal Street Fort, Mumbai - 400 001 BSE Scrip Code: 543982 Reference: Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) Sub: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015. Dear Sir/Madam, Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e., Monday, 26th October, 2026, has inter alia considered and approved: 1. The Standalone and consolidated Unaudited Financial Statements for the Half year ended September 30, 2026. as per recommendation of the Audit Committee; Further, pursuant to Regulation 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the following: 1. Unaudited standalone and consolidated Financial Results of the Company for the Half year ended September 30, 2026. 2. Limited Review Report thereon, issued by the Statutory Auditors, M/s APRA & Associates LLP, Chartered Accountants on the Unaudited Financial Results of the Company. The Board Meeting commenced at 9:30 PM. and concluded at 10:00 PM. We request you to kindly take the above on record and bring to the notice of all concerned. Thanking You, Yours Faithfully, FOR QUEST FLOW CONTROLS LIMITED (Formerly Known as Meson Valves India Limited) SWAROOP RAGHUVIR NATEKAR WHOLE TIME DIRECTOR DIN: 05154850 Independent Auditor's Review Report on the Half Yearly Unaudited Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors of Quest Flow Controls Limited, 1. We have reviewed the accompanying standalone statement of unaudited financial results ('the Statement') of Quest Flow Controls Limited ('the Company') for the Half Year ended September 30, 2026 attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25, Interim Financial Reporting (' AS 25'), prescribed under Section 133 of the Companies Act, 2013 ('the Act') and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Act and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. For M/s A P R A & Associates LLP Chartered Accountants Firm Registration Number: 011078N/N500064 Arpit Khandelwal. Partner Membership No: 600090. Place: Mumbai Date: 26-10-2026 UDIN: 26600090PREEWF8021 QUEST FLOW CONTROLS LIMITED (Formerly known as Meson Valves India Limited) CIN - L29299GA2016PLC012972 Balance Sheet as on September 30, 2026 (All amounts in Indian Rupees Lakhs, except as otherwise stated) As at As at Particulars 30 September 2026 31 March 2026 (Unaudited) (Audited) EQUITY AND LIABILITIES Shareholders' funds Share capital 1 ,025.76 1 ,025.76 Reserves and surplus 4 ,663.49 6,033.34 Money Received Against Share Warrant 1 ,475.04 1,475.04 7 ,164.29 8,534.14 Non-current liabilities Long-term borrowings 1 16.84 514.64 Deferred tax liability (net) - Long term Provisions 6 5.19 5 6.48 1 82.03 571.12 Current liabilities Short-term borrowings 1 86.54 3 3.04 Trade payables - total outstanding dues to micro enterprises and small 886.37 5 25.00 enterprises - total outstanding dues to creditors other than micro 1,994.54 2 ,559.03 enterprises and small enterprises Current Tax Liabilities (Net) 1 0.74 2 46.07 Other current liabilities 2 24.82 2 87.59 Short-term provisions 6 1.86 1 16.77 3 ,364.87 3,767.49 1 0,711.20 12,872.75 ASSETS Non-current assets Property, plant and equipment 1 ,472.44 2134.51 Intangible assets 1 28.55 1 39.84 Capital Work In Progress - - Deferred tax Assets (net) 1 23.53 1 06.88 Non-current investments 5 42.04 5 42.04 Other non-current assets 1 ,157.08 1 ,089.49 3 ,423.65 4 ,012.75 Current assets Inventories 1 ,663.07 1 ,773.49 Trade receivables 4 ,701.66 5 ,035.28 Cash and bank balances 1 4.72 7 08.69 Other Bank Balances 4 8.25 9 .49 Short-term loans and advances 1 81.24 8 37.34 Other current assets 6 78.60 4 95.71 7 ,287.55 8 ,859.99 1 0,711.19 1 2,872.75 This is the Balance Sheet referred to in our report of even date. FOR A P R A & Associates LLP For and on behalf of the Board of Directors CHARTERED ACCOUNTANTS Quest Flow Controls Limited CA Arpit Khandelwal Brijesh Madhav Manerikar Partner (Chairman and Managing Director) Membership no.: 600090 DIN: 05154847 FRN: 011078N/N500064 Place: Mumbai Date: 26 October, 2026 UDIN: 26600090PREEWF8021 QUEST FLOW CONTROLS LIMITED (Formerly known as Meson Valves India Limited) CIN - L29299GA2016PLC012972 Statement of unaudited financial results for the half year ended September 30, 2026 (All amounts in Indian Rupees Lakhs, except as otherwise stated) For the Year Half Year Ended Half Year Ended Half Year Ended Particulars ending 30th September 2026 31st March 2026 30th September 2025 31st March 2026 Unaudited Unaudited Unaudited Audited Income I. Revenue from operations 2,258.52 3,439.10 2,418.47 5 ,857.57 II. Other Income 36.75 757.43 1 2.56 7 69.99 III. Total Income (I + II) 2,295.28 4,196.53 2,431.04 6 ,627.56 IV. Expenses: (a) Cost of Material Consumed and Direct Expenses 1,773.94 3,673.82 1 ,045.45 4 ,719.27 (b) Changes in Inventories 110.42 - 949.50 - 48.07 - 997.57 (c) Employee benefit expense 546.11 496.77 3 44.63 841.40 (d) Financial costs 30.39 4 0.56 2 6.57 67.13 (e) Depreciation and amortization expense 222.38 288.35 1 97.23 485.58 (f) Other expenses 998.26 747.21 4 44.60 1 ,191.81 V. Total Expenses 3,681.49 4,297.22 2,010.41 6 ,307.63 V [Showing first 8,000 characters — download PDF for full document]