QUESSNSEQuess Corp LimitedMediumNeutral
Announced Mon, 4 May · 23:38 IST

Quess Corp Limited has informed the Exchange regarding Appointment of Mr Anish Thurthi as Non- Executive Director of the company w.e.f. Jun 01, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+6.1%1-day move
₹211.65
prior close
₹219.00
base price
After-mkt
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+3.1+4.2+3.9+5.0+6.1+7.7+5.7+3.9+0.1-2.8-3.6+10.8+38.7
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AI summary

Quess Corp held its Board meeting on May 04, 2026 and approved multiple items. The company reported FY2026 consolidated revenue of Rs. 1,53,052 million (up 2.3% YoY) and profit after tax of Rs. 2,222 million (vs Rs. 459 million in FY2025), though Deloitte issued a qualified audit opinion due to ongoing tax disputes regarding Section 80JJAA deductions claimed by the company. The Board declared a special interim dividend of Rs. 3 per share (30%) to commemorate 10 years of listing, and recommended a final dividend of Rs. 3 per share for FY2026, both aggregating Rs. 447.99 million each. In board changes, Mr. Anish Thurthi was appointed as Non-Executive, Non-Independent Director effective June 1, 2026, while Mr. Chandran Ratnaswami resigned effective May 31, 2026 citing advancing age and his desire to make space for younger people. The company also changed its Registrar and Share Transfer Agent from MUFG Intime India to KFin Technologies Limited.

Likely market impact

The appointment of a new director and departure of a veteran director represents routine board refreshment. The special dividend (on top of Rs. 5 interim dividend already paid) signals confidence, while the qualified audit opinion on tax disputes adds some uncertainty around potential liabilities.