Quest Flow Controls Postal Ballot Director Remuneration Appointment

BENPOS Date for Sending Notice: October 23, 2026
Date of Completion of Dispatch: October 26, 2026
Cut Off Date: October 23, 2026
Remote e-Voting Start Date: October 27, 2026 at 09:00 AM
Remote e-Voting End Date: November 25, 2026 at 5:00 PM
Date of deemed Meeting for approval: November 25, 2026 (last day of E-voting)
Results Declaration: On or before November 27, 2026

Resolution Type: Special Resolution

Director Details: Kishor Dhondu Makvan (DIN: 10041830), Executive Director and CEO

Current Remuneration: ₹90,00,000 (Ninety Lakhs) per annum

Proposed Remuneration: ₹1,20,00,000 (One Crore Twenty Lakhs) per annum

Effective Date: August 1, 2026

Key Provisions:

Approval based on recommendation of Nomination and Remuneration Committee and Board of Directors
Remuneration may exceed maximum admissible limits prescribed in Section 197 of the Companies Act, 2013
In case of inadequacy or absence of profits, Mr. Makvan shall be entitled to receive remuneration as minimum remuneration
Board authorized to vary remuneration within prescribed limits in case of statutory amendments
Expenses incurred for company purposes will be reimbursed at actuals and not form part of remuneration

Background on Mr. Makvan:

Age: 45 years
Education: Diploma in Mechanical Engineering (2001), B.Tech in Mechanical Engineering (2010), PG Diploma in Management (2013)
Experience: 10 years in sales & marketing, business development, quality assurance, and works department
Previous companies: Electromech Engineering Enterprises, Shreeji Wire Industries, Desh Wire Products Wire Private Limited

Resolution Type: Ordinary Resolution

Director Details: Jitendra Ramdas Bhosale (DIN: 09689357), Additional Director (Non-Executive)

Initial Appointment Date: October 10, 2026 under Section 161 of the Companies Act, 2013

Proposed Role: Director (Non-Executive), liable to retire by rotation

Background on Mr. Bhosale:

Age: 39 years (Date of Birth: February 14, 1987)
Qualification: Business
Experience: 21+ years in oil & gas, valves, quality and supply-chain management
Expertise: High-pressure valves, wellheads, Christmas trees, BOPs, choke manifolds with exposure to API 6A, 6D, 16C, 17D, 20E standards
International exposure across India, Southeast Asia, Middle East, China, Italy, and USA
Worked with global customers including Shell, ExxonMobil, Saudi Aramco, ADNOC
Skills: Manufacturing governance, product validation, pressure testing, QMS implementation, supplier qualification

Directorships in Other Companies:

1. Jay Technologies O&G Private Limited (Director)

2. JRV Global Testing Solutions Private Limited (Director)

3. Jay Tech Advisory LLP (Designated Partner)

Remuneration: Entitled to sitting fees for Board/Committee meetings, reimbursement of expenses, and commission as determined by NRC and Board

Shareholding: Holds no shares in the company

Scrutinizer: M/s. Nikunj Kanabar & Associates, Practicing Company Secretary
E-voting Service Provider: NSDL
Voting Rights: Proportional to shareholding as on October 23, 2026 cut-off date
Results Publication: Company website (https://www.questflowcontrols.com/) and NSDL e-voting system
Document Inspection: Available electronically until last date of e-voting via email to investor@questflowcontrols.com