Quess Corp Limited — Capital/Financing Update 2021

Jun 1, 2021

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June 3, 2021

To, Department of Corporate Services, BSE Limited, 1[st] Floor, New Trading Ring, Rotunda Building, PJ Towers, Dalal Street, Mumbai – 400 001 Security Code – 539978

Department of Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra- Kurla Complex, Bandra (East), Mumbai – 400 001

NSE Symbol – QUESS

Dear Sir/Madam,

Sub: Grant of Restricted Stock Units (RSUs) under QSOP-2020

We wish to inform you that the Nomination and Remuneration Committee of the Company in the meeting held today, inter-alia , considered and approved the following under Quess Stock Ownership Plan-2020 (“QSOP 2020”):

• Approved grant of total 3, 81,640 RSUs at a face value of Rs.10/- per RSU to eligible employees, which should vest not earlier than 1 (One) year and not later than 6 (Six) years from the date of grant of RSUs.

• The allotment of shares against each RSU will be based on performance parameters and terms and conditions of QSOP 2020.

• Each RSU is convertible into 1 equity share of Rs.10/- upon vesting and these RSUs can be exercised within 3 years from the date of vesting in terms of QSOP 2020.

The information is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

Kindly take the above information on records and oblige.

Thanking you Yours sincerely,

FOR QUESS CORP LIMITED

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KUNDAN K LAL

COMPANY SECRETARY & COMPLIANCE OFFICER

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