Quess Corp Limited disclosed on April 06, 2026, that its promoter Ajit Abraham Isaac and designated Persons Acting in Concert (PACs) have not created any encumbrance on shares held by them during the financial year ended March 31, 2026. This declaration ensures that the shares held by these key stakeholders remain free from charges or liens, providing clarity on the holding structure for investors.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates the declaration of any encumbrance created on shares by promoters or PACs during a financial year.

Parties to the Disclosure

The filing identifies the specific individuals and entities covered under this disclosure. The table below details the names of the persons and their classification within the promoter group.

quess corp confirmed that neither Ajit Abraham Isaac nor the listed PACs, including Isaac Enterprises LLP and Net Resources Investments Private Limited, made any direct or indirect encumbrance on the company's shares during the specified period. The document was signed and submitted from Bengaluru.

Quess Corp Limited has secured in-principle approval from BSE Limited and National Stock Exchange of India Limited to list up to 52,50,000 equity shares under the Quess Stock Ownership Plan 2026 (QSOP 2026). The exchanges granted the approval via letters dated June 17, 2026, covering equity shares with a face value of ₹10 each. This move facilitates the listing of shares that will be allotted to employees upon the exercise of stock options granted under the scheme.

The approval is subject to the company fulfilling specific conditions, including the payment of listing fees and compliance with guidelines issued by statutory authorities such as SEBI, RBI, and MCA. The allotment of shares can be executed through the primary market route or by way of secondary acquisition via the Quess Corp Limited Employees Welfare Trust. In cases where shares are acquired through secondary means, the approved quantity for listing will be reduced proportionately.

Listing Conditions and Compliance

The exchanges have outlined several mandatory conditions that Quess Corp must adhere to before the shares are admitted for trading. The company is required to notify the exchanges as per Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, only after the shares are allotted and credited to the beneficiaries' accounts or share certificates are dispatched.

The exchanges reserve the right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, or misleading, or if there is any contravention of the exchange's rules and regulations. Trading permissions will be issued from time to time upon receipt of the necessary notifications and subject to compliance with the stated conditions.

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.