Quess Corp has announced the appointment of Lohit Bhatia as Executive Director and Group Chief Executive Officer, effective 1 June 2026. This decision follows the company’s succession planning and is subject to shareholder approval.
Lohit Bhatia, who is not related to any current directors or key managerial personnel, will serve a three-year term, liable to retire by rotation. His appointment comes as Guruprasad Srinivasan resigns from his role as Executive Director, effective 31 May 2026. Srinivasan will continue to provide strategic consultancy and advisory support to Quess Corp post-resignation.
In addition to the leadership changes, Quess Corp’s board approved the introduction of the Quess Stock Ownership Plan 2026 (QSOP 2026). This new stock incentive plan aims to align employee interests with shareholder value, incentivise key talent, and reward performance with ownership. The plan includes the grant of 52,50,000 performance-oriented Restricted Stock Units (RSUs), equivalent to 3.52% of the company’s share capital, subject to shareholder approval.
The company also announced the amendment of the existing Quess Stock Ownership Plan 2020, reducing the total RSUs under QSOP 2020 to 18,27,032 and redeploying the balance to QSOP 2026. The formation of the ‘Quess Corp Limited Employees Welfare Trust’ was approved to administer the new plan.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.
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