Quess Corp Share Price Update Following Corporate Announcement

Market Performance

Quess Corp's share price increased 6% following a recent corporate update regarding the restructuring of its business. The stock opened at ₹674.95 on the BSE, surpassing the previous closing price of ₹659.80. During the trading session, it reached a high of ₹707.50.

Over the past month, the stock has shown a 14% rise. On a year-to-date (YTD) basis, it has recorded a 3% increase. Over the last five years, the company's shares have risen by 222%.

Corporate Update

The company has announced the leadership structure for its newly demerged entities, Digitide Solutions and Bluspring Enterprises. The record date for the demerger has been set as April 15, 2025. Shareholders of Quess Corp will receive shares in Digitide and Bluspring in the same proportion as their existing holdings in the company.

Pending regulatory approvals, both companies are expected to commence trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) within the next two months.

Leadership Appointments

Digitize Solutions

• CEO: Gurmeet Chahal, with over 25 years of experience in the North American technology sector.
• CFO: Suraj Prasad, a Chartered Accountant (CA), Cost & Management Accountant (CMA), and Company Secretary (CS), who previously served as Deputy CFO at Quess Corp.

Bluspring Enterprises

• CEO: Kamal Pal Hoda, formerly Group CFO of Quess Corp, with over 20 years of expertise in business finance.
• CFO: Prapul Sridhar previously held a key corporate finance position at Quess Corp and is experienced in the technology and consultancy sectors.

Quess Corp

• CEO Guruprasad Srinivasan, a founding team member, has been with the company for over 18 years.
• CFO: Sushanth Pai brings 27 years of financial leadership experience, with prior roles at Matrimony.com and a global technology services company.

Summary

Quess Corp has implemented a leadership restructuring in preparation for the demerger of Digitide Solutions and Bluspring Enterprises. The record date for the demerger is April 15, 2025, and trading of the new entities is expected to commence within two months, pending approvals. The company's stock price has seen steady gains in recent months, reflecting investor sentiment towards the restructuring.

The leadership teams for Quess Corp and its demerged entities have been finalized, with experienced professionals taking key roles to drive future growth.