Quess Corp names Lohit Bhatia as Executive Director, Group CEO from June 2026

Quess Corp Limited has appointed Lohit Bhatia as Whole-time Director, designated as Executive Director and Group Chief Executive Officer, with effect from June 1, 2026. The appointment, approved by the Board on March 16, 2026, is based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholders’ approval. He will serve a term of three years and continue as Key Managerial Personnel. The company confirmed that he is not debarred from holding the office of Director by any regulatory authority.

The Board also noted the resignation of Guruprasad Srinivasan from the position of Executive Director with effect from the close of business hours on May 31, 2026. The company will continue to engage his services in a strategic consultancy and advisory role aligned with his expertise.

Separately, the Board approved the introduction of the Quess Stock Ownership Plan 2026 (QSOP 2026) and amendments to the existing QSOP 2020, subject to shareholders’ approval. QSOP 2026 provides for 52,50,000 performance-oriented Restricted Stock Units (RSUs), exercisable into equivalent equity shares. The aggregate options under the plan will not exceed 3.52% of the company’s share capital.
Out of 36,50,000 RSUs under QSOP 2020, 18,27,032 RSUs have already been allocated. The Board approved reducing the total RSUs under QSOP 2020 to 18,27,032 and redeploying the balance 18,22,968 RSUs to QSOP 2026. The existing ungranted RSUs equivalent to 1.22% of paid-up capital will be redeployed, resulting in a maximum additional dilution of 2.3% under the new plan.

Also read: Quess Corp says new labour codes will expand formal workforce and open major growth opportunities

On the NSE, Quess Corp Limited shares closed at ₹175.19, down ₹6.53 or 3.59%, after ending at ₹175.95, down ₹5.77 or 3.18%.