Quint Digital board approves director reappointments

2 min read     Updated on 23 May 2026, 01:08 AM
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Reviewed by
Naman SScanX News Team
AI Summary

Quint Digital Limited's board meeting on May 22, 2026, resulted in the approval of reappointing three directors—Ms. Vandana Malik, Ms. Ritu Kapur, and Ms. Abha Kapoor—subject to shareholder approval. The board also appointed M/s Raghu Nath Rai & Co. as the internal auditor for FY 2026-2027, replacing the previous auditor.

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The Board of Directors of quint digital media convened a meeting on May 22, 2026, to discuss key governance matters. The primary agenda included the reappointment of directors and the appointment of a new internal auditor for the upcoming financial year.

Director Reappointments

The board approved the reappointment of three directors based on the recommendations of the Nomination and Remuneration Committee. These appointments are subject to the approval of the company's members at the ensuing Annual General Meeting (AGM).

Ms. Vandana Malik and Ms. Ritu Kapur, both liable to retire by rotation at the ensuing AGM, have offered themselves for reappointment. Additionally, the board approved the reappointment of Ms. Abha Kapoor as an Independent Woman Director for a second term of five consecutive years, commencing from December 31, 2026.

Director Profiles

The following table outlines the details regarding the reappointed directors:

Particulars Ms. Vandana Malik Ms. Ritu Kapur Ms. Abha Kapoor
Reason for change Reappointment: Liable to retire by rotation at the ensuing AGM. Reappointment: Liable to retire by rotation at the ensuing AGM. Reappointment: First term expires on December 30, 2026. Proposed second term for 5 years effective December 31, 2026.
Term Subject to AGM approval. Subject to AGM approval. Subject to AGM approval. Effective from December 31, 2026, to December 30, 2031.
Relationship Sister of Mr. Raghav Bahl, sister-in-law of Ms. Ritu Kapur. Spouse of Mr. Raghav Bahl, sister-in-law of Ms. Vandana Malik. Not related to any Director of the Company.

Ms. Malik holds a bachelor's degree in history and has over 30 years of experience in the media sector. Ms. Kapur is the Co-founder, CEO, and Managing Director of The Quint. Ms. Kapoor is an independent director contributing to governance across multiple boards.

Appointment of Internal Auditor

On the recommendation of the Audit Committee, the board appointed M/s Raghu Nath Rai & Co. as the Internal Auditor of the Company for the Financial Year 2026-2027. This firm replaces M/s Sandeep R Sharma & Co.

Auditor Profile

M/s Raghu Nath Rai & Co., Chartered Accountants, is a firm founded in 1967 and registered with the Institute of Chartered Accountants of India. The firm is peer-reviewed and headquartered in New Delhi, with a presence in Mumbai, Bengaluru, Noida, and Bhubaneswar. The team comprises eight partners with extensive experience in audit, taxation, and risk advisory.

Historical Stock Returns for Quint Digital Media

1 Day5 Days1 Month6 Months1 Year5 Years
-1.82%+4.59%+5.77%-5.50%-5.50%-5.50%

How might the concentrated family relationships among Quint Digital Media's board — with Ms. Ritu Kapur and Ms. Vandana Malik both being related to founder Mr. Raghav Bahl — impact shareholder confidence in the company's corporate governance standards going forward?

What strategic priorities is Ms. Abha Kapoor likely to champion during her proposed second five-year term as Independent Woman Director, particularly given evolving regulatory expectations around media company governance?

How could the transition from M/s Sandeep R Sharma & Co. to M/s Raghu Nath Rai & Co. as internal auditor affect the identification and management of financial risks at Quint Digital Media for FY 2026-2027?

Quint Digital Board Approves NCD Issue Up to ₹100 Cr

1 min read     Updated on 23 May 2026, 01:07 AM
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AI Summary

Quint Digital Limited's board approved the issuance of up to 10,000 secured, unlisted, redeemable non-convertible debentures (NCDs) aggregating ₹100 crore via private placement on May 22, 2026. The tenor, coupon rate, and security details will be decided and intimated to the exchanges at the time of allotment.

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Quint Digital Limited has announced that its Board of Directors approved the issuance of secured, unlisted, redeemable non-convertible debentures (NCDs) to raise funds. The decision was taken during the board meeting held on May 22, 2026. The company plans to issue up to 10,000 NCDs, each with a face value of ₹1,00,000, aggregating to a total of ₹100 crore. The issuance will be conducted on a private placement basis in one or more tranches, in accordance with the applicable provisions of the Companies Act, 2013 and other relevant laws.

Issuance Details

The board specified that the NCDs will not be listed on any stock exchange. Key details regarding the tenor of the instrument, the coupon rate or interest offered, and the payment schedule are yet to be finalized. The company stated that these specifics, along with details of any charge or security created over the assets, will be intimated to the stock exchanges at the time of allotment.

Particulars Details
Instrument Non-Convertible Debentures (NCDs)
Aggregate Amount Up to ₹100 Crore
Number of NCDs Up to 10,000
Face Value ₹1,00,000 per NCD
Issue Type Private Placement
Listing Status Unlisted

Regulatory Disclosures

The intimation was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure regarding the specified information for the event was annexed as per the SEBI circular dated January 30, 2026. The company confirmed that there are no special rights, interests, or privileges attached to the instrument finalized yet, nor are there any existing delays in payments or defaults. The information will also be hosted on the company's website.

Historical Stock Returns for Quint Digital Media

1 Day5 Days1 Month6 Months1 Year5 Years
-1.82%+4.59%+5.77%-5.50%-5.50%-5.50%

How will Quint Digital deploy the ₹100 crore raised through NCDs, and could this signal a major acquisition or expansion into new digital media verticals?

What coupon rate will Quint Digital offer on these NCDs, and how will it compare to prevailing market rates given the company's current credit profile?

Could the choice of unlisted, privately placed NCDs indicate that Quint Digital is avoiding public scrutiny of its financials, and what does this mean for retail investor transparency?

More News on Quint Digital Media

1 Year Returns:-5.50%