Quess Corp Allots 1,13,847 Equity Shares Under ESOP 2020
Quess Corp Limited allotted 1,13,847 equity shares under its Stock Ownership Plan 2020 on March 24, 2026. This increases the company's paid-up share capital to 14,93,31,454 equity shares.
The allotment of shares under an ESOP is a routine event and involves a relatively small number of shares compared to the total outstanding equity, thus having a minimal impact on the company's market valuation or operational dynamics.
The announcement details the routine allotment of equity shares under an existing ESOP plan, which is a standard corporate action and does not significantly impact the company's financial outlook or operational performance.
Quess Corp Limited announced the allotment of 1,13,847 equity shares of ₹10 each to the holders of Restricted Stock Units (RSUs) who exercised their options under the Quess Stock Ownership Plan 2020 (QSOP 2020). This allotment, approved by the Nomination and Remuneration Committee on March 24, 2026, will rank pari-passu with the existing equity shares of the company.
Following this allotment, the company's paid-up share capital has increased from 14,92,17,607 equity shares aggregating to ₹1,49,21,76,070 to 14,93,31,454 equity shares aggregating to ₹1,49,33,14,540.
The company is submitting the required information under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, for the listing and trading of these shares. This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.
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Quess Corp Limited filed this with the NSE as a statutory disclosure, categorised under designated person disclosures. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Quess Corp Limited. Read the original for the full detail.