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.

YES BANK Limited has announced the allotment of 8,93,540 equity shares of face value ₹2 each to employees under its various stock option and restricted stock unit plans. The allotment was approved by the Nomination Remuneration Committee of the Bank on December 18, 2025.

Share Allotment Details

The share allotment covers multiple employee benefit schemes operated by the bank. The bank realized significant proceeds from the exercise of these stock options by employees.

Employee Stock Plan Coverage

The allotment encompasses shares under three key employee benefit schemes. These include the YBL JESOP 2018 Plan, YBL PESOP 2020 Plan under YBL ESOS 2020 Scheme, and the YBL RSU Plan 2024.

Impact on Share Capital

Following this allotment, the bank's paid-up share capital has increased substantially. The total number of equity shares outstanding has risen from 31,377,549,600 to 31,378,443,140 shares.

Regulatory Compliance

The bank has fulfilled all disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to both BSE Limited (Scrip Code: 532648) and National Stock Exchange of India Limited (Symbol: YESBANK). The relevant details are also being hosted on the bank's official website at www.yes.bank.in as per regulatory requirements.

This allotment demonstrates the bank's commitment to employee participation in equity ownership and aligns employee interests with shareholder value creation across multiple stock benefit schemes.