Quess Corp Limited has informed the Exchange regarding Change in Director(s) of the company.
QUESS · price
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Quess Corp announced a planned leadership change effective June 1, 2026. Mr. Lohit Bhatia, the company's current CEO, will be re-designated as Whole-time Director and Group CEO for a 3-year term, subject to shareholder approval. Mr. Guruprasad Srinivasan, the current Executive Director, will step down from the board on May 31, 2026, but will continue with the company in a strategic advisory role. Mr. Bhatia has been with Quess since 2011 and was previously credited with scaling its staffing business from 13,000 to over 470,000 associates. Separately, the board approved a new Quess Stock Ownership Plan 2026 covering 52.5 lakh RSUs (3.52% of share capital), with vesting tied to Revenue, EBITDA, and Operating Cash Flow performance, leading to a maximum additional dilution of around 2.3% of paid-up capital.
This is a smooth, well-planned succession with continuity - the sitting CEO gets an expanded title while the outgoing director stays on as an advisor, reducing execution risk. The new stock plan introduces up to 2.3% dilution but ties employee rewards to performance metrics that matter to shareholders, which is generally a positive governance signal.