Quess Corp Splitting into Three Firms Soon

Quess Corp to Become Three Listed Companies Soon

Quess Corp is getting ready to split into three separate listed companies. This big move is expected to be finished by March 2025, and despite some small roadblocks from the National Company Law Tribunal (NCLT), the company is confident about meeting the deadline.

Delays and Next Steps

The company’s management told the media that they initially had a hearing date of January 30 with the NCLT, which got pushed back to February 5. This caused a minor delay. Quess Corp’s CEO, Guruprasad Srinivasan, assured everyone that they are on track and working through the NCLT process.

The Three New Companies

The names of these three companies will be Quess Corp, Digitide Solutions, and Bluespring Enterprises. Each will operate independently in the [[market]]. This split is happening despite the company experiencing a slight drop in margins during the third quarter (Q3) from 3.9% to 3.6%.

Reasons for Margin Drop

The company explained that lower margins were seen due to overall slower [[business]] growth. There are also investments in sales and leadership roles as part of the demerger process, which may have a short-term impact. Some sectors showed slower growth, and some of their businesses have some seasonality factors. This is also leading to margin drop. So many factors are playing role.

Q3 Results and Share Price

Quess Corp shared its Q3 results on January 29, and it is showing drop in margins. The company’s shares closed slightly lower at Rs 615.70 on the National Stock Exchange (NSE) on Tuesday. However, benchmark Nifty 50 overall did well, ending 1.62% higher at 23,739.25 points. This news is important for investors and anyone following [[business]] updates.

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