Quess Corp Limited — Important, 05-11-2024: Updates

Quess Corp Limited announced it is contesting demand and penalty orders from the Income Tax Department regarding E-NXT Financials Limited. E-NXT amalgamated with Tata Business Support Services Limited (now Conneqt) in 2015, ceasing to exist. Quess maintains that the tax claims are unfounded as they pertain to years after E-NXT’s amalgamation. The company is preparing to respond to these demands, asserting that they are not legally enforceable. Further updates will be provided.