Quess Corp Limited has informed the Exchange regarding Appointment of Mr Anish Thurthi as Non- Executive Director of the company w.e.f. May 04, 2026.
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Quess Corp Limited held its Board meeting on May 04, 2026, approving audited consolidated financial results for FY2026 with revenue of ₹1,53,052 million (up from ₹1,49,672 million in FY2025) and profit after tax of ₹2,222 million (vs ₹459 million in FY2025). The auditors from Deloitte Haskins & Sells LLP issued a qualified opinion regarding tax deductions under Section 80JJAA and depreciation on goodwill that have been disputed by the Income Tax Authority, with contingent liabilities assessed at ₹3,880 million. The Board declared a special interim dividend of ₹3 per share (30%) to celebrate 10 years of listing, payable by May 21, 2026, and recommended a final dividend of ₹3 per share subject to shareholder approval at the 19th AGM. Mr. Anish Thurthi was appointed as Non-Executive Non-Independent Director effective June 01, 2026, while Mr. Chandran Ratnaswami resigned effective May 31, 2026 due to advancing age. The company also appointed KFin Technologies Limited as its new Registrar and Share Transfer Agent.
The audit qualification on tax disputes represents a governance risk due to potential tax liability of ₹3,880 million, though the company continues to contest these claims. The director changes and special dividend announcement are routine governance matters. Strong profit growth and dividend payouts are positive signals for shareholders.