Quess Corp Limited has informed the Exchange that Record date for the purpose of Ascertaining the shareholders of the Demerged Company as per Composite Scheme of Arrangement is 15-Apr-2025.
QUESS · price
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Quess Corp has fixed 15-Apr-2025 as the record date to identify shareholders of the Demerged Company under its Composite Scheme of Arrangement. A record date being announced indicates the demerger scheme has received the necessary regulatory and shareholder approvals and is now moving toward implementation. Shareholders holding Quess shares on the record date will be entitled to receive shares in the resulting demerged entity as per the approved scheme. The specific swap/exchange ratio or details of the demerged entity have not been disclosed in this particular filing.
Shareholders of Quess Corp on the record date (15-Apr-2025) will be eligible to receive shares in the demerged entity, potentially unlocking value. The stock could see activity around the record date as investors adjust their holdings in anticipation of the entitlement.