Quint Digital Ltd

AGM context

• Transcript of Quint Digital's 41st AGM held Aug 18, 2026 via VC/OAVM.

Time Out expansion and subsidiary

• Time Out India franchise approved; Delhi's Time Out Market lease secured.
• Time Out Media India launched; markets in Delhi and Mumbai.
• Quintype Technologies Inc became a subsidiary effective Oct 1, 2025.

Financial performance

• FY2025-26 consolidated revenue ₹812.3m, up 155% YoY.
• Consolidated PAT ₹415.49m; standalone PAT ₹22.30m.
• Net debt zero; net worth ₹3,939.48m.

Governance and AGM agenda

• Director retirements: Vandana Malik and Ritu Kapur.
• Abha Kapoor reappointed as independent director for second term.
• Borrowing powers up to INR 1,000 crore; ESOP amendments.

Rights issue details

• Rights issue for Quint Digital: up to 82,61,402 CCPS and 82,61,402 detachable Warrants.
• Issue size up to ₹9,087.55 lakh; net proceeds ₹8,936.12 lakh after expenses.
• Record date Aug 25, 2026; opening Sep 2, 2026; closing Sep 10, 2026.
• CCPS convert into one Equity Share after 60 months; Warrants convert after 18 months.
• Coupon on CCPS fixed at 10% per annum; CCPS partly paid with calls over 60 months.
• Promoters may not subscribe to full Rights Entitlements; will subscribe to unsubscribed portion if under-subscription.
• ₹4,050 lakh of net proceeds to repay unsecured RB Diversified Private Limited loan.
• ₹1,800 lakh to repay secured 360 One Prime Limited loans; ₹3,086.12 lakh for unidentified acquisitions and GCP.
• In-principle listing approval from BSE for Rights Securities; CARE Ratings to monitor utilisation.
• Minimum subscription of 90%; promoters to subscribe to unsubscribed portions to achieve full subscription.

ISIN for rights entitlements

• Quint Digital Ltd has obtained ISIN INE641R20025 for credit of rights entitlements.
• This is in line with Regulation 77A of the ICDR Regulations, 2018.
• Intimation references the August 19, 2026 notice and will be hosted on quintdigital.in.
• No governance changes; confirms rights issue terms announced earlier.

Instrument and structure

• Rights issue of up to 82.61 lakh CCPS and 82.61 lakh Warrants on a rights basis.
• CCPS are 10% non-cumulative, non-participating, compulsorily convertible.
• One detachable Warrant attached to each CCPS.
• Face value ₹100 per CCPS; Warrants ₹10 each.
• Total issue size up to ₹90.88 crore.

Pricing, payment and conversion

• Issue price: CCPS ₹100; Warrants ₹10.
• Total upfront per Rights Security ₹55 (₹50 CCPS + ₹5 Warrant).
• CCPS to be fully paid via ₹50 on application and ₹50 by calls within 60 months.
• Warrants ₹5 on application and ₹5 on conversion within 18 months.
• CCPS convert into 1 equity share after 60 months; Warrants convert into 1 equity share.

Rights entitlement and timing

• Rights Entitlement ratio: 7 CCPS plus 7 Warrants per 40 equity shares.
• Record Date: 25 August 2026.
• Credit of Rights Entitlements by 26 August 2026.
• Issue opening date: 2 September 2026.
• Issue closing date: 10 September 2026.
• On-market renunciation by 7 September 2026.

Approvals and governance

• RIC approved Letter of Offer terms, subject to laws.
• BSE in-principle approval received on 14 August 2026 for the Rights Issue.
• Final numbers and aggregate amount subject to basis of allotment and regulatory requirements.
• Listing approvals to be obtained; trading of Rights Securities to commence as applicable.

Independent Director re-appointment

• Re-appoint Independent Director Ms. Abha Kapoor for a second five-year term, effective 31 December 2026.
• Term runs 31 December 2026 to 30 December 2031.
• Profile: Quint Digital and Quintype Independent Director with governance and leadership experience.
• Not related to any other director of the company.
• Not debarred by SEBI or other authorities.

ESOP amendments

• AGM approved amendments to Quint Digital ESOP 2020 permitting repricing and term variations.
• Amendment inserts Clause (n) authorizing repricing, vesting/exercise modifications, cancellations, and regrants per market conditions.
• Amendments are subject to SEBI regulations and applicable law.
• Board approved amendments on May 22, 2026; AGM on August 18, 2026.

AGM Details

• Date: 18 August 2026; VC/OAVM mode; 04:00–05:04 IST.
• Record date disclosed for entitlement; meeting duration about one hour.

Key Resolutions

• Resolution 1: Adopt audited standalone financials and reports.
• Resolution 2: Re-appoint rotating director.
• Resolution 3: Re-appoint rotating director.
• Resolution 4: Re-appoint director for second five-year term.
• Resolution 5: Re-appoint director for five-year term.
• Resolution 6: Increase borrowing powers.
• Resolution 7: Create charges on assets.
• Resolution 8: Amend Employee Stock Option Plan.
• Resolution 9: Approve material related party transactions.
• Resolution 10: Amend Articles of Association.

Voting Results

• All resolutions passed; none failed.
• RPT resolution had relatively low turnout but was approved.

Director Changes

• Directors re-appointed by rotation; independent director re-appointed for five-year term.

Auditors

• Statutory auditors remained unchanged; no new appointments disclosed.

Material Related Party Transactions

• Material related party transactions approved.

ESOPs / Stock Option Plan

• Amendments to Employee Stock Option Plan approved.

Other Material Approvals

• Alteration to Articles of Association approved; related governance changes noted.

AGM Details

• Date and time: 18 August 2026, 04:00 PM IST.
• Mode: VC/OAVM; meeting concluded at 05:04 PM IST.
• Remote e-voting available from 15 to 17 August; on-site voting also offered.
• Quorum confirmed; meeting chaired for specified items.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended March 31, 2026.
• Director retirement by rotation to be considered for appointment.
• Independent director re-appointment for second five-year term approved.
• Increase borrowing powers under the Act to a higher limit.
• Create charges on assets, mortgages, and hypothecation.
• Investments/loans/guarantees exceeding prescribed limits approved.
• Amend ESOP 2020 plan proposals approved.
• Approve material related party transactions with related parties.
• Alter Articles of Association.

Voting Status

• Voting results will be submitted to exchanges within the prescribed time.

Auditors

• No changes to statutory or internal auditors disclosed.

Scrutinizer

• Scrutinizer appointed for remote e-voting and AGM voting.