Reminder to eligible shareholders to claim unpaid/unclaimed sale proceeds of fractional entitlements

Quess Corp has sent a reminder to eligible shareholders to claim unpaid/unclaimed sale proceeds of fractional entitlements.

Mon 5 Oct 2026

Shares Allotted

7,14,56,240 equity shares of face value ₹10 each

Allotment Ratio

1,889 shares for every 10,000 TCIL shares

Record Date

December 06, 2019

Last Date to Claim

December 20, 2026

IEPF Transfer Threshold

Amounts unpaid/unclaimed for seven years or more go to the IEPF

Reminder to claim fractional entitlement sale proceeds

Quess Corp Limited has sent a reminder letter to eligible shareholders asking them to claim unpaid or unclaimed sale proceeds of fractional entitlements. It is a follow-up for money that shareholders are yet to receive or encash.

Where this comes from

• The amounts arise out of the Composite Scheme of Arrangement between Thomas Cook (India) Limited and Quess Corp Limited.
• On December 09, 2019, the Board allotted 7,14,56,240 equity shares of face value ₹10 each, fully paid-up, to eligible TCIL shareholders as on the record date of December 06, 2019.
• The allotment ratio was 1,889 equity shares of the Company for every 10,000 equity shares of ₹1 each held in TCIL.
• Fractional entitlements arising from this allotment were consolidated and sold, and the net sale proceeds were distributed to eligible shareholders in proportion to their fractional entitlements.
• The amount remaining unpaid/unclaimed is held in a separate bank account of the Company titled "Quess Corp Limited Demerger Scheme".

Why the deadline matters

• Sale proceeds of fractional shares arising out of a merger or amalgamation that remain unpaid/unclaimed for seven years or more are required to be credited to the Investor Education and Protection Fund (IEPF).
• The last date to claim is December 20, 2026.
• Once an amount is transferred to the IEPF, no claim lies against the Company. The amount may then be claimed only from the IEPF Authority by update Form IEPF-5.

How to claim

• Shareholders are asked to send the enclosed Letter of Application, duly filled in and signed, along with the documents specified in it, to the Company's Registrar and Share Transfer Agent.
• RTA: MUFG Intime India Private Limited (formerly Link Intime India Private Limited), C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083.
• The application must reach the RTA on or before December 20, 2026.
• Shareholders holding shares in electronic form need to enclose an updated Client Master List. Those holding in physical form need self-attested copies of PAN and Aadhaar, an original cancelled cheque leaf, recent address proof, and Forms ISR-1, ISR-2, ISR-3 or SH13 if KYC is not updated.
• The application includes an undertaking to indemnify the Company and the RTA against claims, costs, expenses, losses and damages arising from the payment.

What shareholders should note

• The letter asks shareholders to claim the unclaimed sale proceeds on or before the deadline to avoid transfer to the IEPF.
• For any change in address, bank details, email ID or other particulars, shareholders holding shares in electronic form are asked to contact their Depository Participant, and those holding in physical form to contact the RTA.

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