Quess Corp Secures NCLT Approval for Corporate Restructuring

Business services provider Quess Corp announced on Tuesday, March 4, that the National Company Law Tribunal (NCLT), Bengaluru Bench, has approved its corporate restructuring exercise.

In a regulatory filing, the company stated, “…the National Company Law Tribunal, Bengaluru Bench (NCLT) has today, March 4, 2025, pronounced the order approving and sanctioning the Composite Scheme of Arrangement between Quess Corp Limited, Digitide Solutions Limited (Digitide), and Bluspring Enterprises Limited (Bluspring) and their respective shareholders and creditors (Scheme).”

The restructuring will become effective once the certified copy of the NCLT order is filed with the Registrar of Companies, Bengaluru, Karnataka. Quess Corp had previously provided updates on the proceedings on December 23, 2024, and January 7, 2025.

Demerger Plan and Business Focus

Last year, Quess Corp announced a demerger plan aimed at splitting its business into three independent, publicly listed entities:

• Quess Corp (existing listed entity) will focus on workforce management.
• Digitide Solutions will specialize in insurtech and human resource outsourcing (HRO).
• Bluspring Enterprises will focus on facility management and industrial services.

As part of this restructuring, shareholders of Quess Corp will receive one share of each of the two newly demerged companies for every share they own in the currently listed entity.

Strategic Rationale Behind the Demerger

Quess Corp has emphasized that the demerger is aimed at creating focused, independent businesses that can scale efficiently. The company highlighted the benefits of this restructuring, which include:

• Pure-Play Vertical Focus

Each entity will have a dedicated focus on its respective industry, improving specialization and business positioning.

• Simplified Corporate Structure

The restructuring will result in independent, scaled platforms for each business vertical, ensuring better operational efficiency.

• Optimal Capital Allocation Strategy

Each company will have a clearer capital allocation plan to drive growth and maximise shareholder value.

Stock Performance 

On March 04, 2025, Quess Corp share price ended 0.74% higher at ₹587.60. Quess Corp’s share price reached a 52-week high of ₹875.00 on September 23, 2024, and a 52-week low of ₹464.40 on March 13, 2024. As per BSE, the total traded volume for the stock stood at 3941 shares with a turnover of ₹23.02 lakhs

At the current price, Quess Corp shares are trading at a price-to-earnings (P/E) ratio of 23.02x, based on its trailing 12-month earnings per share (EPS) of ₹29.64, and a price-to-book (P/B) ratio of 3.08, according to exchange data.

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