Quess Corp Limited — Updates, 01-04-2025: Press Release

Quess Corp has announced the leadership teams for its newly formed entities, Digitide Solutions Ltd. and Bluspring Enterprises Ltd., following the successful completion of its demerger. Digitide Solutions has appointed Gurmeet Chahal as CEO, who brings over 25 years of experience in technology, and Suraj Prasad as CFO, a chartered accountant with expertise across various industries. Bluspring Enterprises elevated Kamal Pal Hoda to CEO, transitioning from Group CFO, and Prapul Sridhar to CFO, who has a solid background in corporate finance.

The demerger's record date is set for April 15, 2025, allowing Quess shareholders to receive equivalent shares in the new companies. Guruprasad Srinivasan will continue leading Quess Corp as CEO. The separation is aimed at enhancing strategic focus and fostering growth, with both new companies poised to capitalize on their respective markets and innovations. Stakeholders are advised to monitor this transition closely for potential impacts on shareholder value and business performance.