Quess Corp approves ₹11 per share dividend, board changes at 19th AGM
- Shareholders approved FY26 standalone and consolidated financial statements with no audit qualifications
- Total dividend payout set at ₹11 per share, comprising interim, special interim, and final components
- Ajit Isaac re-appointed as director; Anish Thurthi appointed as Non-Executive Director
- Meeting held via OAVM with 56 members present to meet quorum requirements
*this image is generated using AI for illustrative purposes only.
Quess Corp Limited shareholders approved the company’s financial results for FY26 and a total dividend payout of ₹11 per equity share at its 19th Annual General Meeting held on August 25, 2026. The assembly also ratified key boardroom appointments, including the re-appointment of Non-Executive Chairman Ajit Isaac.
The meeting was conducted via Video Conferencing / Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars and SEBI Listing Regulations. A total of 56 members were present to satisfy the quorum requirement under Section 103 of the Companies Act, 2013. Mr. Gopalakrishnan Soundarajan, Non-Executive Director, was absent.
Key Resolutions Passed
Shareholders voted to adopt both the standalone and consolidated audited financial statements for the financial year ended March 31, 2026. The independent statutory auditor’s report contained no qualifications or material observations. Similarly, the secretarial audit report for FY25-26 reported no material issues.
The dividend structure approved by the members includes:
| Component | Amount Per Share |
|---|---|
| Interim Dividend | ₹5 |
| Special Interim Dividend | ₹3 |
| Final Dividend | ₹3 |
| Total Payout | ₹11 |
Board Appointments
The AGM addressed two director-related resolutions:
- Re-appointment of Mr. Ajit Isaac (DIN: 00087168) as a director liable to retire by rotation.
- Appointment of Mr. Anish Thurthi (DIN: 08713000) as a Non-Executive Director.
Meeting Proceedings
Mr. Ajit Isaac chaired the session, which commenced at 3:30 pm and concluded at 4:45 pm IST. Members participated in remote e-voting via the Central Depository Services (India) Limited (CDSL) platform. The voting window opened on August 21, 2026, and closed on August 24, 2026.
Key managerial personnel present included CFO Neeraj Jain and Company Secretary Kundan K Lal. Statutory auditors from Deloitte Haskins & Sells LLP and secretarial auditor Parameshwar G Bhat also attended. Scrutinizer Pradeep B Kulkarni oversaw the e-voting process.
The company provided electronic access to statutory registers for member inspection during the meeting. Proxy appointments were not applicable due to the virtual format.
Historical Stock Returns for Quess Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.48% | +0.90% | +17.47% | +73.57% | +27.64% | -57.79% |
How might the ₹11 per share dividend payout impact Quess Corp's free cash flow and capital allocation strategy for FY27?
What strategic initiatives is Quess Corp planning to pursue under the new leadership structure with Anish Thurthi joining the board?
Will the re-appointment of Ajit Isaac signal continuity in corporate governance, or are investors expecting shifts in long-term strategic direction?
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