Quess Corp Limited has informed the Exchange about 'Allotment of equity shares under the Quess Stock Ownership Plan-2020'
QUESS · price
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Quess Corp's Nomination and Remuneration Committee approved the allotment of 14,918 equity shares of Rs. 10 each to employees who exercised their Restricted Stock Units (RSUs) under the QSOP 2020 employee stock plan on February 23, 2026. As a result, the company's paid-up share capital increased marginally from Rs. 1,49,20,26,890 to Rs. 1,49,21,76,070 (from 14,92,02,689 to 14,92,17,607 equity shares). The new shares will rank equally with existing shares in all respects. The disclosure was made under SEBI Listing Regulations, with listing and trading approval being sought separately.
This is a routine, small-scale ESOP/RSU allotment with negligible dilution of about 0.001% to existing shareholders. No material impact on stock price or shareholder value is expected, as the number of shares issued is very small relative to the total share base of nearly 14.92 crore shares.