Quess Corp fined by NSE, BSE for listing regulation non-compliance

Quess Corp has been notified by the National Stock Exchange of India (NSE) and BSE Limited of penalties for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The NSE issued a notice on November 28, 2025, detailing a fine payable of INR 4,720 (inclusive of 18% GST) for non-compliance with Regulation 19(1)/19(2) related to the Nomination and Remuneration Committee for the quarter ended September 30, 2025. The fine amount for this specific regulation is INR 4,000, with an additional INR 720 for GST. The company is advised that the fine will continue to increase daily until compliance is achieved.

The BSE also issued a notice on November 28, 2025, highlighting multiple instances of non-compliance, including Regulation 19(1)/19(2) and Regulation 27(2). For Regulation 19(1)/19(2), the BSE levied a basic fine of INR 4,000 and GST of INR 720, resulting in a total fine of INR 4,720. For Regulation 27(2), pertaining to non-submission of the Corporate Governance compliance report, the basic fine is INR 2,000 per day.

Quess Corp is required to ensure compliance and pay the fines within 15 days from the date of the letters, failing which the exchanges may freeze the promoter's shareholding. The company must also place these non-compliances and subsequent actions before its board of directors in the next meeting and disseminate the board's comments to the exchanges.