Quest Softech India Ltd to foray into Electric Vehicles business

The Board of Directors of Quest Softech India Ltd at its meeting held on Wednesday, January 25, 2023, considered and approved business Diversification and venture in new Business Opportunities including manufacturing, assembly, installation, commissioning, operating and maintenance of chargers of Electric Vehicles and it’s Charging Stations and allied business activities; including but not limited to Re selling, Facility Management, Tech based solutions in Electric vehicle Infra segment, EV Battery Swap Stations, acting as commission agent in EV Segment for any trade or service, Solar and other renewable energy related businesses, writing / creating / coding Software and IT enabled services, Serving in SAAS (Software as a service) segment, Brand and Franchisee Management, operating and managing EV Fleet through controlled software to include EV Taxis, EV Buses, EV Trucks and EV passenger and transport vehicles.

The board resolved to amend Business Objects in alignment with New Business ventures, if approved by members at ensuing EGM.

Shares of Quest Softech (India) Ltd was last trading in BSE at Rs. 66.50 as compared to the previous close of Rs. 63.35. The total number of shares traded during the day was 275528 in over 329 trades.

The stock hit an intraday high of Rs. 66.50 and intraday low of 63.35. The net turnover during the day was Rs. 18224593.00.

Source : Equity Bulls

Keywords

QuestSoftechIndia INE989J01017 NewBusinessVentures ElectricVehicles