Quess Corp Limited disclosed the grant of 40,34,061 (Forty Lakh Thirty-Four Thousand Sixty-One) Restricted Stock Units under the Quess Stock Ownership Plan 2026 (QSOP 2026) to eligible employees of the Company and its subsidiaries. The grant was approved by the Nomination and Remuneration Committee on June 18, 2026.
Key Details of the Grant:
- Total Options Granted: 40,34,061 options of face value Rs. 10 each
- Performance-linked Grant: Includes an additional 5,00,000 RSUs based on achievement of compounded Total Shareholders Return growth
- 4,00,000 RSUs granted to the Chief Executive Officer
- 1,00,000 RSUs granted to the Chief Financial Officer
Plan Structure and Terms:
- The QSOP 2026 is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Exercise Price: The exercise price will be the face value of the shares (Rs. 10) as on the date of exercise
- Exercise Period: Maximum of 3 years commencing from the date of each vesting
- Share Sourcing: Equity shares shall be sourced from Primary Issuance and/or Secondary Acquisition route through the Quess Corp Limited Employees Welfare Trust
Significant Terms:
- The plan includes provisions for handling stock options in cases of death, permanent incapacity, resignation, termination, retirement, etc.
- Fair and reasonable adjustments will be made for corporate actions such as rights issues, bonus issues, merger, sale of division
- Vested Options are not subject to any lock-in period from the date of transfer of equity shares
Current Status:
- Options vested: Not applicable
- Options exercised: Not applicable
- Money realized by exercise: Not applicable
- Options lapsed: Not applicable
- Variation of terms: Not applicable
- Diluted EPS impact: Not applicable