Quess Corp Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
QUESS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quess Corp Limited has received shareholder approval via postal ballot for five resolutions, all passed with the requisite majority. The voting took place from April 7 to May 8, 2026, with 77.21% of total equity capital (approximately 14.93 crore shares) participating. Key resolutions include amendments to the Quess Stock Ownership Plan 2020 (99.65% in favor), a new Quess Stock Ownership Plan 2026 with performance-oriented RSUs (97.61% in favor), grant of RSUs to subsidiary/associate employees (96.26% in favor), and authorization for the Employee Welfare Trust to acquire secondary shares (97.53% in favor). Additionally, Mr. Lohit Bhatia was appointed as Whole-time Director and Group CEO with overwhelming 99.83% approval. Notably, Public Institutions showed significant dissent on resolutions 2 and 3 (13-20% against), indicating institutional concerns about the new ESOP plan structure.
All resolutions passed successfully, with the new Stock Ownership Plan 2026 and appointment of the Group CEO being key governance outcomes. The moderate dissent from institutional investors on ESOP-related resolutions may warrant monitoring but does not affect the validity of approvals.