In a recent filing with the Bombay Stock Exchange (BSE), Quest Capital Markets Limited (formerly known as BNK Capital Markets Limited) announced the resignation of Mr. Sunil Bhandari (DIN: 00052161) from his role as Non-Executive Director of the Company. His resignation, effective from May 1, 2025, comes due to personal reasons and other professional commitments.

Overview of the Resignation

Mr. Bhandari's resignation was formally submitted via a letter dated April 28, 2025. In his communication, Mr. Bhandari expressed his gratitude to the members of the Board for their support during his tenure as Director of the Company. The resignation will also lead to his cessation as a member of several key committees, including the Nomination and Remuneration Committee, Risk Management Committee, Asset Liability Committee, and the Investment Committee.

Implications of the Resignation

The resignation of Mr. Sunil Bhandari brings an end to his involvement with the Board and its committees, marking a significant leadership change for the company. This change is expected to have an impact on the corporate governance structure, and the company has assured that the process of finding a replacement will be undertaken.

Quest Capital Markets Limited, as per the Regulations of the Securities and Exchange Board of India (SEBI), is required to disclose the resignation of its directors under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). As part of this disclosure, the company also attached Annexure-A, containing all the necessary details of the resignation, including the reason for the change and the effective date.

Letter of Resignation

The resignation letter, signed by Mr. Sunil Bhandari, was addressed to the Board of Directors of Quest Capital Markets Limited. In his letter, Mr. Bhandari thanked the Board for the support provided during his tenure and expressed his well-wishes for the company’s future success. He requested that the notice of his resignation be sent to the concerned Registrar of Companies at the earliest.

This disclosure is part of the company's ongoing compliance with the SEBI LODR regulations. The company has assured that it will take all necessary steps to ensure a smooth transition and continued governance standards.

Additional Information

• Company: Quest Capital Markets Limited (formerly BNK Capital Markets Limited)

• CIN: L34202WB1986PLC040542

• Regd. Office: Duncan House, 31, Netaji Subhas Road, Kolkata — 700 001

• Contact: Tel: (033) 2230 8515; Telefax: (033) 22306844; Email: secretarial.qcml@rpsg.in

• Website: www.qcml.in

This resignation is another step in the ongoing governance evolution at Quest Capital Markets. As the company moves forward, it will likely focus on appointing a new director to fill the vacancy left by Mr. Bhandari’s departure. Stakeholders and investors are advised to stay tuned for further updates from the company.

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