General Updates

QCL/SEC/2026-27/70 October 30, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra- Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Security Code – 539978 NSE Symbol – QUESS Dear Sir/ Madam, Sub: Outcome of the Board Meeting held on October 30, 2026 We wish to inform that the Board of Directors at its meeting held today, i.e., on October 30, 2026, has inter- alia, considered and approved the following: 1. Financial Results: Unaudited Financial Results (Standalone and Consolidated) of the Company, together with the Limited Review Report thereon, issued by the Statutory Auditors, for the quarter and half-year ended September 30, 2026, pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations). A copy of the Unaudited Financial Results along with the Limited Review Report thereon is enclosed herewith. 2. Declaration of Interim Dividend: Declaration of payment of the interim dividend of Rs. 5/- per equity share (50%) of the face value of Rs. 10/- each for the Financial Year 2026-27. Pursuant to Regulation 42 of the SEBI Listing Regulations, the Company has fixed Friday, November 06, 2026, as the record date for determining the eligibility of shareholders entitled to receive the interim dividend for the Financial Year 2026-27, and the said interim dividend will be paid on or before November 20, 2026. 3. Update on the proposed change in Registrar to an Issue and Share Transfer Agent (RTA) of the Company In view of the recent enhancement in the service standards of the existing RTA, i.e. MUFG Intime India Private Limited (MUFG), and to ensure continuity and uninterrupted servicing of shareholders, the Board has approved continuing with MUFG as the RTA of the Company. Accordingly, the Company will not proceed with the proposed change of the RTA, and our earlier intimation dated May 04, 2026, in this regard stands superseded by this disclosure. Quess Corp Limited Quess Tower, Sky Walk Avenue, 32/4, Hosur Road, Roopena Agrahara, Bommanahalli, Bengaluru– 560068, Karnataka, India Tel: +91 080-49345666 I contactus@quesscorp.com I CIN L74140KA2007PLC043909 www.quesscorp.com The above information will also be available on the website of the Company at www.quesscorp.com. Further, the Board Meeting commenced at 06:00 P.M. (IST) and concluded at 07:30 P.M. (IST). Kindly take the above information on record and oblige. Yours sincerely, For Quess Corp Limited Kundan K Lal Company Secretary & Compliance Officer Membership No.: F8393 Encl: as above Quess Corp Limited Quess Tower, Sky Walk Avenue, 32/4, Hosur Road, Roopena Agrahara, Bommanahalli, Bengaluru– 560068, Karnataka, India Tel: +91 080-49345666 I contactus@quesscorp.com I CIN L74140KA2007PLC043909 www.quesscorp.com Chartered Accountants Deloitte Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Haskins & Sells LLP Karnataka, India Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF QUESS CORP LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of QUESS CORP LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter and half year ended 30 September 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143( 10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities listed in Annexure 1 to this report. 5. Basis for Qualified Conclusion As stated in note 5 to the Statement, certain tax deductions claimed by the Parent and recognised in computation of income tax expense in the current and preceding periods have been disallowed by the Income Tax Authority. The disallowance has been challenged by the Parent in a judicial forum. The Parent, supported by external opinions from legal counsel and other tax experts, has assessed the basis of the disallowances and concluded that it is probable that these deductions will be accepted upon ultimate resolution. In January 2024, as described in note 5, another regulatory authority has made certain observations (referred to as "n.ew information") on the applicability of certain deductions in the Income Tax Act and related reports submitted to the Income Tax Authority in respect of these deductions. The Parent has taken into consideration this new information and Regd. Office: Tower 3, 31st Floor, One International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai -400 013 Deloitte Haskins & Sells LLP continues to believe that it is probable that these deductions upon ultimate resolution will be accepted by the Income Tax Authority. As a result of the uncertainty in respect of the outcome in the aforesaid matter, pending ultimate resolution and acceptance by the Income Tax Authority, we are unable to comment whether any adjustments are necessary. This matter was also qualified in our report on the consolidated financial results for the quarter ended 30 June 2026, quarter and half yea_r ended 30 September 2025 an_d year ended 31 March 2026. 6. Qualified Conclusion Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 8 below, except for the possible effects of the matter described in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, has not been prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, and has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 7. Emphasis of Matter We draw attention to note 4 of the Statement, regarding the demands received by the Parent in respect of provident fund and contingency related to the pending litigation on the said matter. [Showing first 8,000 characters — download PDF for full document]