Quess Corp Limited has informed the Exchange about the submission Of The Trust Deed Of The Quess Corp Limited Employees Welfare Trust
QUESS · price
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Quess Corp Limited has submitted the Trust Deed for its newly established Employees Welfare Trust to the stock exchanges. The trust is set up to administer the Quess Stock Ownership Plan 2026, an equity-based employee compensation scheme. The trust will acquire and hold company shares to fulfill employee stock options including RSUs and PSUs. The initial corpus is Rs. 10,000, and three trustees have been appointed to manage the trust. The trust is regulated under SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and can acquire shares through fresh issuance or secondary market purchases.
This indicates the company is launching a new employee stock ownership plan to attract and retain talent. If new shares are issued to the trust, it may cause dilution for existing shareholders. However, employee incentives can boost performance and potentially benefit share price long-term.