Bangalore, India – February 5, 2025
Quess Corp Limited (NSE: QUESS, BSE: 539978) has announced the approval of 19,179 Restricted Stock Units (RSUs) under the Quess Stock Ownership Plan-2020 (QSOP 2020). The grant was approved by the company’s Nomination and Remuneration Committee (NRC).
Key Highlights of RSU Grant
- Each RSU has a face value of ₹10.
- The RSUs have been granted to eligible employees of Quess Corp and its subsidiaries.
- Vesting period:
- Not earlier than 1 year and not later than 4 years from the grant date.
- The vesting and allotment of shares will be based on performance parameters and terms set by NRC.
- Each RSU converts into one equity share of ₹10 upon vesting.
- Employees can exercise the RSUs within 3 years from the vesting date.
Company Representative:
Kundan K Lal, Company Secretary & Compliance Officer, confirmed the grant in an official communication.
This move aligns with Quess Corp’s commitment to employee ownership and long-term value creation. Investors and stakeholders are advised to take note of this development.