Quess Corp Limited has informed the Exchange about General Updates - Shifting of Registered Office
QUESS · price
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On the reaction day the stock moved 7.9 pts less than Nifty Microcap 250 and 9.0 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Quess Corp's board, at its May 19, 2025 meeting, approved audited consolidated and standalone results for Q4 and FY25. Statutory auditor Deloitte Haskins & Sells LLP issued a qualified opinion on the results, primarily due to uncertainty around disputed income-tax deductions under Section 80JJAA (contingent liability of about ₹2,963.84 million). The board also recommended a final dividend of ₹6 per share (60% on face value of ₹10), subject to shareholder approval, in addition to the ₹4 interim dividend already paid. The registered office is being shifted within Bengaluru from Quess House (Bellandur Gate, Sarjapur Road) to Quess Tower (Hosur Road, Bommanahalli) effective May 20, 2025.
Shareholders get a combined ₹10 dividend for FY25, but the auditor's qualified opinion and large tax/PF contingent liabilities are negative overhangs. Q4 swung to a ₹954 million loss from continuing operations due to ₹1,580 million of exceptional charges (ECL on receivables, demerger costs, goodwill impairment), though full-year revenue grew ~9% to ₹1,49,672 crore and operating cash flow remained healthy at ₹3,805 crore. The completed demerger (Digitide/Bluspring) has reshaped the entity and prior-year numbers are restated, which may affect year-on-year comparisons for investors.