Held on 29 July 2016
Quess Corp announced that the Board of Directors of the Company at its Meeting held on 29 July 2016, inter alia, has transacted the following items of business:1. Approved the formation of wholly owned subsidiary to focus on last-mile delivery / first mile related e-commerce logistics business.
2. Approved the formation of subsidiary to offer Business Process Services (including finance & accounting, payroll and HR outsourcing services) to third party clients.
3. The Nomination and Remuneration Committee of the Board of Directors at its meeting held on 29 July 2016, approved the grant of 419,156 options (aggregating to 419,156 equity shares of the Company) at par value, to a total of 78 eligible and high-performing employees of the Company and its subsidiaries under the Quess Corp Limited Employee Stock Option Scheme 2015.
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