Quess Corp Limited — Important, 14-04-2025: General Updates

Quess Corp Limited has provided guidance for shareholders regarding the apportionment of the cost of acquisition of equity shares following the sanctioned Composite Scheme of Arrangement. As per the scheme, shareholders of Quess will receive shares in Digitide Solutions Limited and Bluspring Enterprises Limited based on a 1:1 exchange ratio. Each shareholder will receive one fully paid-up equity share of Digitide and Bluspring for every Quess share held as of the record date of 15th April 2025.

The breakdown for the apportionment of acquisition costs is as follows: Quess Corp Limited accounts for 41.71%, Digitide Solutions Limited for 26.47%, and Bluspring Enterprises Limited for 31.82%. While this guidance is intended to aid shareholders, it is advised that shareholders seek independent opinions, as the company disclaims any liabilities concerning this guidance. This structured demerger strategy may lead to a diversified investment opportunity for shareholders moving forward.