Quess Corp Limited — Capital/Financing Update 2021

Nov 13, 2021

==> picture [139 x 49] intentionally omitted <==

November 13, 2021

To Department of Corporate Services, Department of Corporate Services, BSE Limited, National Stock Exchange of India Limited 1[st] Floor, New Trading Ring, Exchange Plaza, Bandra- Kurla Complex, Rotunda Building, Phiroze Jeejeebhoy Bandra (East), Towers, Dalal Street, Mumbai – 400 001 Mumbai – 400 001 Security Code – 539978 NSE Symbol – QUESS

Dear Sir/Madam,

Sub: Compliance under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1 /162/2019 dated December 24, 2019, we hereby confirm that there is no deviation or variation in the utilisation of proceeds of the preferential issue. Please find attached the Statement as per the Circular.

Request you to kindly take the above information on record.

Thanking you,

Yours faithfully,

==> picture [66 x 63] intentionally omitted <==

FOR QUESS CORP LIMITED

==> picture [104 x 46] intentionally omitted <==

KUNDAN K LAL COMPANY SECRETARY AND COMPLIANCE OFFICER

==> picture [500 x 72] intentionally omitted <==

==> picture [138 x 49] intentionally omitted <==

Statement of Deviation/ Variation in utilisation of funds raised	Statement of Deviation/ Variation in utilisation of funds raised	Statement of Deviation/ Variation in utilisation of funds raised	Statement of Deviation/ Variation in utilisation of funds raised	Statement of Deviation/ Variation in utilisation of funds raised	Statement of Deviation/ Variation in utilisation of funds raised	Statement of Deviation/ Variation in utilisation of funds raised
Name of listed entity	Quess CorpLimited
Mode of Fund Raising	Preferential Issue
Date of Raising Funds	October 25, 2019(Tradingapproval letter dated October 25, 2019 from BSE & NSE)
Amount Raised	Rs. 50,99,99,412
Report filed forQuarter ended	30thSeptember, 2021
MonitoringAgency	Not Applicable
MonitoringAgencyName, if applicable	Not Applicable
Is there a Deviation/Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract orobjects,which was approved bythe shareholders	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee after review	No Comments
Comments of the auditors, if any	No Comments
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object	Modified Object,if any	OriginalAllocation	Modifiedallocation,if any	FundsUtilisedtill September30, 2021	Amount ofDeviation/Variation forthe quarter accordingto applicable object	Remarks ifany
The proceeds of the issue will be utilized towards the business of QdigiServices Limited, a subsidiary of the Company, in accordance with thebusiness plan agreed amongst the Company, the Subsidiary andAmazon.com NV Investment Holdings LLC, a category III ForeignPortfolio Investor(Allottee).	Not Applicable	Rs. 50,99,99,412	NotApplicable	5,00,00,000	Not Applicable	No deviations