Quess Corp Limited has announced a senior management personnel change with the resignation of its Chief Business Officer from the Origint division. The company has disclosed this development to stock exchanges in compliance with regulatory requirements.

Senior Management Departure

Mr. Mohit Mathur, who served as Chief Business Officer - Origint, has tendered his resignation from the position effective from the close of business hours on January 05, 2026. The resignation has been attributed to personal reasons, as stated in the official communication.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted the requisite information to both BSE Limited and National Stock Exchange of India Limited.

The filing references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring compliance with the latest regulatory guidelines for senior management personnel changes.

Official Communication

In his resignation letter addressed to Quess Corp Limited, Mr. Mathur confirmed that there are no other material reasons beyond personal circumstances for his decision to step down from the position. He expressed gratitude to colleagues and management for their support during his tenure and extended best wishes for the company's future endeavours.

The resignation letter was submitted on January 05, 2026, coinciding with the effective date of his departure from the senior management role. Company Secretary & Compliance Officer Kundan K Lal (Membership No.: F8393) has signed the regulatory disclosure on behalf of the company.

Corporate Information

The information regarding this senior management change is also available on the company's official website at www.quesscorp.com . Quess Corp Limited operates from its headquarters at Quess Tower, Sky Walk Avenue, Bengaluru, Karnataka, and maintains its commitment to transparent corporate governance practices through timely regulatory disclosures.

Quess Corp has received a significant regulatory order from the Dispute Resolution Panel (DRP) regarding its income tax matter for Financial Year 2021-22. The company disclosed this development through a regulatory filing on December 24, 2025, outlining the latest developments in its ongoing tax dispute.

DRP Order Details

The Dispute Resolution Panel has passed an order dated December 23, 2025, issuing directions that align with adjustments made in previous financial years 2017-18, 2018-19, 2019-20, and 2020-21. The company is currently contesting these previous adjustments before the Tax Tribunal. Following the DRP order, the Deputy Commissioner of Income Tax (DCIT) will pass a necessary order quantifying the tax liability payable by the company for FY2021-22.

Company's Legal Strategy

Quess Corp has reserved the right to file an appeal against the final assessment order that will be passed by the DCIT. The company intends to vigorously contest its position and interpretative stance on merits, including judicial precedents. The management believes it can strongly defend its position through the legal process as defined under the Income Tax Act.

Financial Impact Assessment

The company has committed to reassess, recompute, and appropriately disclose the revised financial impact and contingent liability based on the order that will be passed by the DCIT. The specific quantum of the tax liability will become clear once the final assessment order is received from the Deputy Commissioner of Income Tax.

Regulatory Compliance

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The development represents a continuation of the tax matter that has been pending before the Dispute Resolution Panel against the draft order passed by the Deputy Commissioner of Income Tax, Bangalore, for which the company had filed objections.