Quess Corp Limited has received in-principle approvals from both BSE Limited and National Stock Exchange of India Limited (NSE) for the listing of equity shares to be issued under its employee stock ownership plan.

Approval Details

  • BSE Approval: Letter no. DCS/ESOP/IP/RD/121/2026-27 dated June 17, 2026
  • NSE Approval: Letter no. NSE/LIST/55522 dated June 17, 2026
  • Maximum Shares Approved: 52,50,000 (Fifty-Two Lakhs Fifty Thousand) equity shares
  • Face Value: ₹10 per share
  • Scheme: Quess Stock Ownership Plan 2026 (QSOP 2026)

Conditions for Listing (BSE)

1. Allotment can be done through primary market route or secondary acquisition of shares, with the approved quantity reduced by any secondary acquisitions

2. Company must notify Exchange as per Regulation 10(c) format after shares are allotted and credited to beneficiaries' accounts or share certificates dispatched

3. Payment of prescribed fees

4. Receipt of statutory approvals and compliance with guidelines from SEBI, RBI, MCA, etc.

5. Compliance with all guidelines/regulations/directions of Exchange and statutory authorities

6. Compliance with Listing Agreement conditions as on date of Listing

7. Compliance with Companies Act, 1956/2013 and other applicable laws

8. Submission of documents as per BSE website checklist

Conditions for Listing (NSE)

1. Notification to Exchange as per Regulation 10(c) with listing application after allotment and credit to beneficiaries' accounts or dispatch of share certificates

2. Receipt of statutory approvals and compliance with guidelines from SEBI, RBI, MCA, etc.

3. Compliance with all guidelines, regulations, directions of Exchange and statutory authorities

4. Compliance with SEBI (LODR) Regulations, 2015 as on date of listing

5. Compliance with Companies Act, 1956, Companies Act, 2013 and other applicable laws

6. Submission of documents as per enclosed checklist

Additional Requirements

  • Both exchanges reserve the right to withdraw approval if information is found incomplete/incorrect/misleading/false or for any contravention of rules
  • Trading permission will be issued subject to compliance with conditions
  • The approval does not constitute approval under any other Act/Regulation

Documentation Required (NSE Annexure)

1. Certified true copy of statement under Regulation 10(c)

2. NSDL/CDSL credit and/or dispatch confirmation by R&T agent

3. Certified true copy of Board resolution of allotment

4. List of allottees with names and number of shares allotted

5. Details of employees granted options/shares in excess of 1% of share capital (ESOPs) or 5% (ESPS)

6. Confirmation whether any Directors received shares under ESOP/ESPS with details

Additional Information

The information will be available on the company website at www.quesscorp.com.