Quess Corp Limited has informed the Exchange regarding 'Grant of Restricted Stock Units (RSUs) under Quess Stock Ownership Plan- 2020'.
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Quess Corp's Nomination and Remuneration Committee approved the grant of 48,369 Restricted Stock Units (RSUs) to eligible employees under the Quess Stock Ownership Plan 2020 (QSOP 2020), effective May 20, 2025. Each RSU has a face value of Rs.10 and is convertible into one equity share of Rs.10 upon vesting. Vesting will happen not earlier than 1 year and not later than 4 years from the grant date, and is subject to performance parameters set by the NRC. Once vested, employees can exercise the RSUs within 3 years to receive the underlying shares.
This is a routine employee stock incentive grant and represents only a small dilution (~48,369 shares). It signals continued use of equity-based compensation to retain and motivate employees, with no material impact on shareholding or stock price expected.