Quess Corp Limited — Capital/Financing Update 2021

Dec 29, 2021

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December 28, 2021

To, National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051.

Symbol: QUESS

Dear Sir/ Madam,

Sub.: Clarification_QUESS

This is with reference to your email dated December 27, 2021 regarding the transfer of Monster overseas entities, namely Monster.com.SG Pte Ltd, Monster.com.HK Limited and Agensi Pekerjaan Monster Malaysia Sdn Bhd from Quesscorp Holdings Pte Ltd (a wholly-owned subsidiary of the Company) to Monster.com (India) Private Limited (another wholly-owned subsidiary of the Company) (collectively, Restructuring ). This Restructuring is being implemented between group companies.

The Restructuring is contemplated to be implemented in the following manner:

• (a) Transfer of Monster.com. HK Limited and Agensi Pekerjaan Monster Malaysia Sdn Bhd from Quesscorp Holdings Pte Ltd to Monster.com.SG Pte Ltd

• (b) Once (a) is complete, transfer of Monster.com.SG Pte Ltd from Quesscorp Holdings Pte Ltd to Monster.com (India) Private Limited.

We would like to inform that the Company has taken the Company’s Board approval for initiating the process of Restructuring subject to the necessary approval in the respective jurisdictions.

The information as required vide your email dated December 27, 2021 is annexed.

You are requested to kindly take the same on records and oblige.

Yours sincerely,

For Quess Corp limited

LAL Digitally signed by LAL Kundan Kundan Kumar Kumar Date: 2021.12.28 18:24:26 +05'30'

Kundan K Lal Company Secretary & Compliance Officer

Copy to:

BSE Limited, Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001. Security Code- 539978

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ANNEXURE

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S.No.	Particulars		Details	Details	Details
1	The amount and percentage ofthe turnover or revenue orincomeandnetworthcontributed by such unit ordivision of the listed entityduring the last financial year		Revenue for FY21 and percentage contribution towardsconsolidated revenue of the Company:Values in INR croresEntityRevenue% ContributionMonster.com.SG PteLtd17.820.16%Monster.com.HKLimited1.900.02%Agensi PekerjaanMonster Malaysia SdnBhd7.560.07%Net worth as on 31stMarch 2021 and percentage contributiontowards consolidated net worth of the Company:Values in INR croresEntityNet Worth% ContributionMonster.com.SG PteLtd-0.67-0.03%Monster.com.HKLimited-1.46-0.06%Agensi PekerjaanMonster Malaysia SdnBhd5.690.23%
			Entity	Net Worth	% Contribution
			Monster.com.SG PteLtd	-0.67	-0.03%
			Monster.com.HKLimited	-1.46	-0.06%
			Agensi PekerjaanMonster Malaysia SdnBhd	5.69	0.23%
2.	Date on which the agreementfor sale has been entered into.		Pursuant to the Board Approval on 22ndDecember 2021, theshare purchase and related agreements will be entered on orbefore 7thJanuary2022
3.	Theexpecteddateofcompletion of sale/disposal.		On or before January 30, 2021
4.	Consideration received fromsuch sale/disposal		Up to SGD 11 mn, will be paid by Monster.com (India) Pvt Ltdto Quesscorp Holdings Pte Ltd, Singapore
5.	Brief details of buyers andwhether any of the buyersbelong to the promoter/promoter group/groupcompanies. If yes, detailsthereof		Monster.Com (India) Private Limited (a wholly ownedsubsidiary of the Company)
6.	Whether the transaction wouldfall within related partytransactions? If yes, whetherthe same is done at “arm’slength”;		Yes, it shall be related party transactions. The transactions willbe done at arm’s length.
7.	Additionally, in case of a slumpsale,indicativedisclosuresprovidedforamalgamation/merger, shall bedisclosed by the listed entitywith respect to such slumpsale		Not Applicable

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