Quess Corp Limited has informed the Exchange about 'Allotment of equity shares under the Quess Stock Ownership Plan-2020'
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Quess Corp has allotted 1,13,847 equity shares of Rs. 10 each to employees who exercised their Restricted Stock Units (RSUs) under the Quess Stock Ownership Plan 2020 (QSOP 2020). The allotment was approved by the Nomination and Remuneration Committee on March 24, 2026. As a result, the company's paid-up share capital increased from 14,92,17,607 shares (Rs. 149.22 crore) to 14,93,31,454 shares (Rs. 149.33 crore). The newly issued shares will carry equal rights as existing equity shares. This is a routine disclosure made under SEBI's listing and disclosure regulations.
This is a minor dilution of about 0.08% in total share count, with negligible impact on existing shareholders. It reflects routine ESOP-related share issuance and signals employee retention through stock-based incentives, but is unlikely to materially affect the stock price.