Quint Digital Media has entered into a binding franchise agreement with Time Out Group plc to develop and operate Time Out Market Delhi. The agreement marks the first franchise agreement for a Time Out Market globally and follows a three-year exclusive option granted to The Quint in May 2025 to explore opportunities in India. This strategic move allows Time Out Group to expand its portfolio through capital-light partnership models while generating revenue through contractual franchise fees and ongoing payments without contributing capital to the development.

Under the terms of the franchise agreement, Quint Digital Limited will develop, fund, and operate Time Out Market Delhi in accordance with Time Out's globally recognised Market concept and operating standards. Time Out Market Delhi will be located at 5 Worldmark, Aerocity, the new phase of the Worldmark development. The Market is currently anticipated to open in the second half of 2026 and is expected to comprise approximately 24,500 sq ft. It will feature 11 food and drink concepts alongside cultural programming and events designed to showcase the best of Delhi.

Time Out Market is described as the world's first editorially curated food and cultural market. The concept brings together a curated mix of the city's best chefs, restaurateurs, drinks concepts, and cultural experiences under one roof. Time Out's expert editors will work alongside the local team to ensure the Market reflects the best of Delhi's food, culture, and talent.

Global Portfolio and Expansion

The Delhi agreement represents a further step in Time Out Group's strategy to expand the Time Out Market portfolio through capital-light partnership models. The existing Market portfolio includes 13 open Markets globally, with additional locations currently under development.

Chris Ohlund, CEO of Time Out Group plc, highlighted the significance of the deal, stating it is a landmark moment for the brand. He noted that the agreement demonstrates the strength and flexibility of the Time Out Market model and creates an additional pathway for international expansion through a highly capital-efficient structure. The partnership with Quint Digital Limited is viewed as a collaboration with a trusted partner that shares the vision for bringing the best of Delhi's offerings together.

Quint Digital Limited has announced a leadership transition at its material subsidiary, ListenFirst Media-Quintype Technologies Inc., effective June 1, 2026. The company appointed Ms. Rucha Pandit as the new Chief Executive Officer, succeeding Ms. Miranda McWeeney, who will step down from her role to join the subsidiary's Advisory Board.

Ms. Pandit previously served as Vice President – Tech Enabled Services and Partnerships. She brings extensive industry expertise and a strong track record of leadership to her new position. The outgoing CEO, Ms. McWeeney, will continue to provide strategic guidance and support in her advisory capacity.

The changes were disclosed in accordance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company expressed appreciation for Ms. McWeeney's contributions and indicated confidence in the subsidiary's continued success under the new leadership structure.