Nature of the Event

Quint Digital Limited's Rights Issue Committee (RIC) approved the Letter of Offer for the company's proposed Rights Issue during its meeting held on August 19, 2026. The approval is subject to applicable laws, regulations, circulars, guidelines, and requisite approvals.

Key Quantitative Figures

  • Instrument: Issue of up to 82,61,402 Partly Paid-up 10% Non-Cumulative Non-Participating Compulsorily Convertible Preference Shares (CCPS) with face value of ₹100 each at issue price of ₹100 per CCPS
  • Warrants: 1 detachable warrant issued at ₹10 per warrant along with every 1 CCPS (total up to 82,61,402 warrants)
  • Total Issue Size: ₹9,087.55 lakhs (₹90.88 crores) aggregating CCPS and warrants
  • Rights Entitlement Ratio: 7 CCPS along with 7 detachable warrants for every 40 fully paid-up equity shares held
  • Payment per Rights Security: ₹55 on application (₹50 towards CCPS + ₹5 towards warrant)

Dates of Action

  • Committee Meeting Date: August 19, 2026 (6:00 PM to 8:46 PM IST)
  • Record Date: August 25, 2026 (for determining eligible shareholders)
  • Last date for credit of Rights Entitlements: August 26, 2026
  • Issue Opening Date: September 2, 2026
  • Last Date for on Market Renunciation: September 7, 2026
  • Issue Closing Date: September 10, 2026

Parties Involved

  • Stock Exchange: BSE Limited (received in-principle approval dated August 14, 2026)
  • Committee: Rights Issue Committee of the Board of Directors

Conversion Terms

  • CCPS Conversion: Each fully paid-up CCPS converts into 1 equity share after 60 months from allotment date or earlier date determined by Board
  • Warrant Conversion: Each warrant converts into 1 equity share within 18 months from allotment upon full payment of ₹10
  • Payment Schedule:
  • CCPS: ₹50 on application, ₹50 balance payable within 60 months via calls
  • Warrants: ₹5 on application, ₹5 upon conversion within 18 months

Additional Terms

  • The final number of Rights Securities and aggregate amount subject to finalisation of Basis of Allotment
  • Rights Entitlements will be credited in dematerialised form and are renounceable
  • Board may extend issue period up to 30 days from opening date (not beyond September 30, 2026)
  • No withdrawal of applications permitted after issue closing date
  • Company will apply for listing of Rights Securities on BSE where existing equity shares are listed