Quess Corp Receives Rs. 42.23 Crore Income Tax Refund, CFO Resigns

Quess Corp Limited, a leading business services provider, has recently received a substantial income tax refund and announced the resignation of its Chief Financial Officer (CFO). These developments mark significant changes for the company's financial landscape and leadership structure.

Income Tax Refund

Quess Corp has received an income tax refund order totaling Rs. 42.23 crore from the Deputy Commissioner of Income Tax in Bengaluru. The refund comprises:

Component	Amount (in Crore)
Tax Refund	38.75
Interest	3.49
Total Refund	42.23

The order was issued under Section 154 of the Income Tax Act, 1961, for the Assessment Year 2024-25. Quess Corp received the order on October 10. The company has stated that this refund will have no impact on its financial, operational, or other activities.

CFO Resignation

In a separate announcement, Quess Corp disclosed that its Chief Financial Officer, Sushanth Pai, has tendered his resignation. The key details of this development are:

Reason for Resignation: Urgent family commitments following a recent bereavement
Effective Date: Close of business on October 17

Mr. Pai's departure marks a significant change in the company's top management. The Board of Directors has acknowledged his resignation and will relieve him of his duties on the specified date.

Company's Disclosure Compliance

Quess Corp has promptly disclosed these developments to the stock exchanges, in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about material changes within the company.

As Quess Corp navigates these financial and leadership changes, stakeholders will be keen to observe how the company manages the transition and leverages the tax refund for its operational needs.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.38%	0.0%	-9.16%	-32.97%	-30.01%	+21.55%

Quess Corp Limited, a leading business services provider, has announced a significant change in its top management. Chief Financial Officer (CFO) Sushanth Pai has tendered his resignation from his position as CFO and Key Managerial Personnel, citing urgent family commitments following a recent bereavement.

Resignation Details

The company disclosed this development in a regulatory filing under Regulation 30 of the SEBI Listing Regulations. Key details of the resignation are as follows:

Particular	Detail
Name and Designation	Sushanth Pai, Chief Financial Officer
Reason for Change	Urgent family commitments following a recent bereavement
Effective Date	Close of business on October 17, 2025

Official Statement

In his resignation letter addressed to the Board of Directors, Pai expressed his gratitude to the management and the board for the trust and opportunities provided during his tenure. He also extended his wishes for the company's continued growth and success in future endeavors.

Company's Response

Quess Corp acknowledged Pai's resignation in its regulatory filing, stating that the information would be available on the company's official website. The company has not yet announced a successor for the CFO position.

About Quess Corp

Quess Corp Limited is a prominent business services provider headquartered in Bengaluru, Karnataka. The company offers a wide range of services across various sectors, contributing significantly to India's formal job market.

This leadership change comes at a time when many companies are focusing on maintaining stability in their top management. The impact of Pai's departure on Quess Corp's financial strategy and operations remains to be seen as the company transitions to new financial leadership.

Investors and stakeholders will likely be watching closely for any announcements regarding Pai's successor and any potential shifts in the company's financial direction in the coming weeks.