Submission of the Trust Deed of the Quess Corp Limited Employees Welfare Trust
QUESS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quess Corp has submitted the Trust Deed for its newly established Employees Welfare Trust to BSE and NSE, as required under SEBI regulations. The trust was set up on April 2, 2026, with an initial corpus of Rs 10,000, and will administer the Quess Stock Ownership Plan 2026. The trust can acquire company shares through primary subscriptions or secondary market purchases to grant stock options, RSUs, and PSUs to employees. Three trustees have been appointed to manage the trust, with oversight from the company's Nomination and Remuneration Committee. The trust is irrevocable and will operate under SEBI's Share Based Employee Benefits Regulations, 2021.
This filing is a regulatory compliance submission that formalizes Quess Corp's employee stock ownership program. The initiative could positively impact talent retention and employee motivation through equity-based compensation, with no direct dilution impact disclosed at this stage.