Quess Corp has informed that the Board of Directors of the Company at its Meeting held on July 29, 2016, has Approved the formation of wholly owned subsidiary to focus on last-mile delivery / first mile related e-commerce logistics business; Approved the formation of subsidiary to offer Business Process Services (including finance & accounting, payroll and HR outsourcing services) to third party clients; and the Nomination and Remuneration Committee of the Board of Directors at its meeting held on July 29, 2016, approved the grant of 419,156 options (aggregating to 419,156 equity shares of the Company) at par value, to a total of 78 eligible and high-performing employees of the Company and its subsidiaries under the Quess Corp Employee Stock Option Scheme 2015.
The above information is a part of company’s filings submitted to BSE.
