Quess Corp CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 29 Aug 2025, 3 fund houses

• To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereonMoreLess

  ›Against Bandhan Mutual Fund

  • Bandhan Mutual FundQualified Opinion. Governance Concern: Auditors have made qualifications in their report for Standalone & Consolidated Financial Statements.

  2 for1 against
• To receive, consider, and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereon

  ›Against Bandhan Mutual Fund

  • Bandhan Mutual FundQualified Opinion. Governance Concern: Auditors have made qualifications in their report for Standalone & Consolidated Financial Statements.

  2 for1 against
• To appoint Mr. Guruprasad Srinivasan (DIN: 07596207) as Director, liable to retire by rotation, and being eligible, offers himself for re-appointment

  3 for0 against
• To confirm the payment of the interim dividend of Rs. 4/- per equity share and to declare a final dividend of Rs. 6/- per equity share for the Financial Year ended March 31, 2025

  3 for0 against
• To re-appoint Mr. Kalpathi Ratna Girish (DIN: 07178890) as an Independent Director of the Company

  3 for0 against
• To appoint Ms. Sudha Suresh (DIN: 06480567) as an Independent Director of the Company

  3 for0 against
• To appoint Mr. Devarajan Samu (DIN: 00878956) as an Independent Director of the Company

  3 for0 against
• To appoint Dr. Vivek Mansingh (DIN: 06903079) as an Independent Director of the Company

  3 for0 against
• To approve the commission payable to the Independent Directors of the Company

  3 for0 against
• To appoint the Secretarial Auditor of the Company

  3 for0 against

Mutual fund votes, meeting of 11 Mar 2025, 14 fund houses

• To reappoint Mr. Guruprasad Srinivasan as a Whole-Time Director designated as Executive Director and Group Chief Executive Officer of the Company and approval of the terms of remuneration

  ›Against Axis Mutual Fund, Mirae Asset Mutual Fund

  • Axis Mutual FundGuruprasad Srinivasan, 48 is the Executive Director and Group CEO, Quess Corp Ltd since 10 February 2022. He has more than 26 years of industry experience, including leadership roles at GE Health, Hewitt Associates and People One Consulting. He received a remuneration of Rs. 28.9 mn in FY24. His overall remuneration, excluding stock options, is estimated at Rs. 39.9 mn including a one-time special incentive of Rs. 5.0 mn. He is eligible for ESOPs - the company has specified the performance targets for vesting of ESOPs, however there is no clarity on the quantum in the event of a grant or any past trajectory to make a reasonable estimate. Given the lack of clarity, we are unable to make a reasonable estimate of his overall remuneration. We expect the company to disclose the quantum of stock options proposed to be granted over the tenure. Further, there are no granular details regarding the performance metrics that will determine his variable pay. Given the lack of clarity on the quantum of stock options proposed to be granted over the tenure, we are unable to support the resolution.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  12 for2 against

Mutual fund votes, meeting of 9 Dec 2024, 14 fund houses

• Approval of the Composite Scheme of Arrangement between Quess Corp Limited and Digitide Solutions Limited and Bluspring Enterprises Limited and their respective shareholders under Sections 230-232 of the Companies Act, 2013 and rules made thereunder.MoreLess

  ›Against Motilal Oswal Mutual Fund

  • Motilal Oswal Mutual FundNo concern on merit of Director. Resolution technically defective as there can be no re-appointment of a position from which the Director has already resigned. Lack of clarity regarding the nature of role that the Director will helm in future pursuant to receiving shareholders’ approval. Governance Concern: No fresh consent obtained for proposed re-appointment after tendering resignation as MD. Increase proposed in remuneration not commensurate with the growth in company performance. No absolute cap on the variable pay/overall pay.

  13 for1 against

Mutual fund votes, meeting of 16 Sep 2024, 12 fund houses

• To receive, consider, approve and adopt Audited Standalone Financial Statements along with the Auditor’s Report of the Company for the financial year ended March 31, 2024:

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Aditya Birla Sun Life Mutual FundWe have relied upon the auditors’ report, which has qualified the financial statements regarding certain tax deductions claimed by the company under section 80JJAA were disallowed but are under judicial challenge. Despite new regulatory observations, the company, supported by legal experts, believes the deductions will be accepted. The outcome's uncertainty prevents determining if adjustments are needed. Auditors have also placed an emphasis of matter regarding the demands received by the company in respect of Provident Fund and the contingency related to the pending litigation. The internal financial controls are also qualified over financial reporting in regard to uncertainty over income taxes.The auditors note that the company’s accounting software includes an audit trail feature that was active for most transactions throughout the year. However, one software lacked audit trail logging at the table level for direct data changes. Additionally, two other accounting systems used for financial reporting and payroll, provided by a third-party, do not include audit trail reporting in their SOC 1 Type 2 Report.Given the qualified financial statements, we are unable to support the resolution.
  • Axis Mutual FundWe have relied upon the auditors’ report, which has qualified the financial statements regarding certain tax deductions claimed by the company under section 80JJAA were disallowed but are under judicial challenge. Despite new regulatory observations, the company, supported by legal experts, believes the deductions will be accepted. The outcome's uncertainty prevents determining if adjustments are needed. Auditors have also placed an emphasis of matter regarding the demands received by the company in respect of Provident Fund and the contingency related to the pending litigation. The internal financial controls are also qualified over financial reporting in regard to uncertainty over income taxes. The auditors note that the company’s accounting software includes an audit trail feature that was active for most transactions throughout the year. However, one software lacked audit trail logging at the table level for direct data changes. Additionally, two other accounting systems used for financial reporting and payroll, provided by a third-party, do not include audit trail reporting in their SOC 1 Type 2 Report.
  • Bandhan Mutual FundWe have relied upon the auditors’ report, which has qualified the financial statements regarding certain tax deductions claimed by the company under section 80JJAA were disallowed but are under judicial challenge. Despite new regulatory observations, the company, supported by legal experts, believes the deductions will be accepted. The outcome's uncertainty prevents determining if adjustments are needed. Auditors have also placed an emphasis of matter regarding the demands received by the company in respect of Provident Fund and the contingency related to the pending litigation. The internal financial controls are also qualified over financial reporting in regard to uncertainty over income taxes. The auditors note that the company’s accounting software includes an audit trail feature that was active for most transactions throughout the year. However, one software lacked audit trail logging at the table level for direct data changes. Additionally, two other accounting systems used for financial reporting and payroll, provided by a third-party, do not include audit trail reporting in their SOC 1 Type 2 Report. Given the qualified financial statements, we are unable to support the resolution.
  • Edelweiss Mutual FundQualified opinion by auditor
  • Groww Mutual FundThe management has claimed deduction u/s 80JJAA despite the same not being allowing in preceding FYs. The amount is material to the FS and hence we vote against the resolution
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with Indian Accounting Standards. Governance Concern: Auditors have made qualifications in their report for Standalone and Consolidated Financial Statements. Shareholders to discuss with the Management/ Board and vote accordingly.

  4 for8 against
• To receive, consider, approve and adopt Audited Consolidated Financial Statements along with the Auditor’s Report of the Company for the financial year ended March 31, 2024:

  ›Against Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund

  • Aditya Birla Sun Life Mutual FundWe have relied upon the auditors’ report, which has qualified the financial statements regarding certain tax deductions claimed by the company under section 80JJAA were disallowed but are under judicial challenge. Despite new regulatory observations, the Parent, supported by legal experts, believes the deductions will be accepted. The outcome's uncertainty prevents determining if adjustments are needed. Auditors have also placed an emphasis of matter regarding the demands received by the company in respect of Provident Fund and the contingency related to the pending litigation. The internal financial controls are also qualified over financial reporting in regard to uncertainty over income taxes.Auditors note that the company and its Indian subsidiaries use accounting software with audit trail features. Issues include missing audit trail logging in some systems, both at table/database and application levels. Two third-party systems for financial reporting and payroll lack audit trail reporting in their SOC 1 Type 2 Report, and one subsidiary lacks this report for its accounting software.Given the qualified financial statements, we are unable to support the resolution.
  • Axis Mutual FundWe have relied upon the auditors’ report, which has qualified the financial statements regarding certain tax deductions claimed by the company under section 80JJAA were disallowed but are under judicial challenge. Despite new regulatory observations, the Parent, supported by legal experts, believes the deductions will be accepted. The outcome's uncertainty prevents determining if adjustments are needed. Auditors have also placed an emphasis of matter regarding the demands received by the company in respect of Provident Fund and the contingency related to the pending litigation. The internal financial controls are also qualified over financial reporting in regard to uncertainty over income taxes. Auditors note that the company and its Indian subsidiaries use accounting software with audit trail features. Issues include missing audit trail logging in some systems, both at table/database and application levels. Two third-party systems for financial reporting and payroll lack audit trail reporting in their SOC 1 Type 2 Report, and one subsidiary lacks this report for its accounting software.
  • Bandhan Mutual FundWe have relied upon the auditors’ report, which has qualified the financial statements regarding certain tax deductions claimed by the company under section 80JJAA were disallowed but are under judicial challenge. Despite new regulatory observations, the Parent, supported by legal experts, believes the deductions will be accepted. The outcome's uncertainty prevents determining if adjustments are needed. Auditors have also placed an emphasis of matter regarding the demands received by the company in respect of Provident Fund and the contingency related to the pending litigation. The internal financial controls are also qualified over financial reporting in regard to uncertainty over income taxes. Auditors note that the company and its Indian subsidiaries use accounting software with audit trail features. Issues include missing audit trail logging in some systems, both at table/database and application levels. Two third-party systems for financial reporting and payroll lack audit trail reporting in their SOC 1 Type 2 Report, and one subsidiary lacks this report for its accounting software. Given the qualified financial statements, we are unable to support the resolution.
  • Edelweiss Mutual FundQualified opinion by auditor
  • Groww Mutual FundThe company has claimed deduction u/s 80JJAA despite the same not being allowing in preceding FYs. The amount is material to the FS and hence we vote against the resolution
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with Indian Accounting Standards. Governance Concern: Auditors have made qualifications in their report for Standalone and Consolidated Financial Statements. Shareholders to discuss with the Management/ Board and vote accordingly.

  4 for8 against
• To confirm the payment of interim dividend of Rs. 4/- per equity share and to declare a final dividend of Rs. 6/- per equity share for the financial year ended March 31, 2024:

  ›Against Groww Mutual Fund

  • Groww Mutual FundThe company has claimed deduction u/s 80JJAA despite the same not being allowing in preceding FYs. The amount is material to the FS and hence we vote against the resolution

  11 for1 against
• To appoint Mr. Gopalakrishnan Soundarajan (DIN: 05242795) as a Director liable to retire by rotation:

  12 for0 against

Mutual fund votes, meeting of 26 Sep 2023, 9 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider, approve and adopt Audited Standalone Financial Statements along with the Auditor’s Report of the Company for the financial year ended March 31, 2023

  9 for0 against
• To receive, consider, approve and adopt Audited Consolidated Financial Statements along with the Auditor’s Report of the Company for the financial year ended March 31, 2023

  9 for0 against
• To appoint Mr. Chandran Ratnaswami (DIN: 00109215) as a Director liable to retire by rotation.

  8 for0 against
• To reappoint M/s Deloitte Haskins & Sells LLP as Statutory Auditors of the Company for a second term of five consecutive years and to fix their remuneration

  9 for0 against
• To continue the directorship of Mr. Chandran Ratnaswami (DIN: 00109215) as a Non–Executive Director of the Company beyond the age of 75 years

  4 for0 against
• Commission payable to the Independent Directors of the Company

  8 for0 against

Mutual fund votes, meeting of 22 Sep 2022, 11 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider, approve and adopt Audited Standalone Financial Statements for the financial year ended March 31, 2022 along with report of the Board of Directors and the Auditor’s Report thereon.MoreLess

  10 for0 against
• To receive, consider, approve and adopt Audited Consolidated Financial Statements along with the Auditor’s Report of the Company for the financial year ended March 31, 2022.

  10 for0 against
• To appoint Mr. Ajit Abraham Isaac (DIN: 00087168) as a Director liable to retire by rotation

  11 for0 against