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Quess Corp separates Chairman and MD roles

Also appoints new CFOQuess Corp announced the separation of its Chairman and MD roles. Suraj Moraje, currently Group CEO and Executive
Director, will be elevated to Group CEO and Managing Director from April 1. Ajit Isaac, currently Executive
Chairman and MD, will continue in the role of Executive Chairman.
The company also appointed N. Ravi Vishwanath as CFO of the company effective April 1. Ravi Vishwanath
was previously CFO of Teamlease and Finance Director at Sun Microsystems. Subramanian Ramakrishnan,
the current CFO, is stepping down from the company on March 31 to pursue an entrepreneurial venture.
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Board of Quess Corp approves purchase of additional 3.76% stake in Vedang (subsidiary)

At meeting held on 27 January 2021The Board of Quess Corp at its meeting held on 27 January 2021 has approved purchase of 3.76% shares of Vedang Cellular
Services (Vedang), a Subsidiary of the Company from its erstwhile
Promoter as per the Promoter s Put Option in the Shareholder s Agreement dated 25 October 2017 for a consideration upto Rs. 70 lakh. Consequently, the Company will hold 92.47% shares in Vedang upon completion of the transfer of shares.
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Quess Corp allots 40,919 equity shares under ESOP

Quess Corp has allotted 40,919 equity shares of Rs. 10/- each to the option holders who have exercised
it under the ESOP 2015.
Consequent to the aforesaid allotment, the paid up share capital of the Company has increased to 14,76,78,864 equity shares of Rs.10/- each aggregating to Rs. 1,47,67,88,640.
The company has also granted 154,290 RSUs at a face value of Rs.10/- per RSU to the eligible
employees, which shall vest not earlier than 1 (One) year and not later than 6 (Six)
years from the date of grant of RSUs, based on performance parameters and terms and conditions of QSOP 2020.
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Board of Quess Corp approves investment in Taskmo, a digital gig worker platform

At meeting held on 27 January 2021The Board of Quess Corp at its meeting held on 27 January 2021 has approved the subscription of 49% equity shares in Taskmo, legal entity name - Stellarslog Technovation, a gig economy start-up for Rs. 10 crore, to be invested in multiple tranches.
Taskmo is a B2B managed marketplace that serves as an on-demand task fulfilment
platform for enterprises seeking to outsource task based operations to a distributed network
of gig workers. It uses an app and web based proprietary algorithm to train, match and
deploy gig workers.
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Breakthrough: China's quantum satellite sends pairs of entangled photons to three ground stations for the first time

Breakthrough: China s quantum satellite sends pairs of entangled photons to three ground stations for the first time
Breakthrough: China s quantum satellite sends pairs of entangled photons to three ground stations for the first time
In A Major Breakthrough That Opens Up Bright Prospects For Practical Quantum Communications, China Has Successfully Sent Pairs Of Entangled Photons From Space For The First Time.
News Nation Bureau | Edited By : Bindiya Bhatt
| Updated on: 16 Jun 2017, 04:40:05 PM
Beijing:
In a major breakthrough that opens up bright prospects for practical quantum communications, China has successfully sent pairs of entangled photons from space for the first time. The photons have been sent from a satellite in orbit to three ground stations in China. Each of them were separated by more than 1,200-km. ....

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