Quess Corp Limited has informed the Exchange regarding Cessation of Mr Gaurav Mathur as Non- Executive Independent Director of the company w.e.f. August 30, 2025.
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Quess Corp's board, at its June 19, 2025 meeting, approved a significant refresh of its independent director lineup. Two independent directors are stepping down: Ms. Revathy Ashok (completing the 10-year regulatory cap, relieved w.e.f. June 30, 2025) and Mr. Gaurav Mathur (completing his 5-year term, ceasing w.e.f. August 30, 2025, choosing not to renew due to other commitments). To fill the gaps, the board appointed three new independent directors — Ms. Sudha Suresh (former CFO/MD of Ujjivan Financial Services), Mr. S Devarajan (former CEO of Cisco India), and Dr. Vivek Mansingh (ex-Cisco, currently GP at Your Nest VC) — each for a 5-year term till June 18, 2030. Mr. Kalpathi Ratna Girish was also re-appointed for a second 5-year term. Additionally, Mr. Parameshwar G Bhat was appointed as Secretarial Auditor for 5 years from FY25-26.
This is a routine board refresh with no governance red flags — the outgoing directors are leaving on planned timelines (one due to the 10-year regulatory cap, one declining renewal). The incoming directors bring strong finance, tax, and technology expertise, which should strengthen board oversight. The dividend record date of August 8, 2025 and AGM on August 29, 2025 are also confirmed for shareholders.