Quint Digital Limited has successfully completed its postal ballot process, with shareholders approving two critical corporate resolutions through remote e-voting. The voting concluded on March 5, 2026, marking a significant milestone in the company's corporate restructuring initiatives under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Postal Ballot Results Overview

The postal ballot process addressed two key resolutions that received overwhelming shareholder support. Both proposals achieved approval rates exceeding 99.99%, reflecting strong investor confidence in the company's strategic direction.

Share Capital Restructuring Details

The first resolution concerned the reclassification of authorised share capital and consequent alteration of the Memorandum of Association. This restructuring transforms the company's capital structure to include both equity and preference shares.

Articles of Association Amendment

The second resolution focused on adopting amended and restated Articles of Association to align with recent regulatory developments by SEBI and the Ministry of Corporate Affairs. The revision strengthens corporate governance and enhances operational flexibility.

Regulatory Compliance and Oversight

The postal ballot process was conducted under the supervision of Mr. Devesh Kumar Vasishth, Managing Partner of DPV & Associates LLP, who served as the appointed scrutinizer. The process complied with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company has communicated the results to BSE Limited under scrip code 539515, with Company Secretary Tarun Belwal confirming that the resolutions are deemed passed as of March 5, 2026. The complete Memorandum and Articles of Association are available on the company's website at quintdigital.in.

Quint Digital Limited has formalized its expansion into the food and cultural market space by entering into a sub-lease agreement with Alborz Developers Limited for establishing India's first Time Out Market at Worldmark Aerocity, New Delhi. The company announced this development through a regulatory filing under Regulation 30, marking a crucial step forward in its franchise agreement with Time Out Group plc.

Sub-Lease Agreement Details

The sub-lease agreement, executed on February 9, 2026, secures a strategic property for the Time Out Market Delhi project. The agreement establishes the foundation for India's first editorially curated food and cultural market.

Market Features and Capacity

Time Out Market Delhi will be positioned within the new phase of Worldmark development, spanning approximately 17 million sq ft in the country's finest Global Business District. The facility will bring together a curated ensemble of culinary and cultural experiences.

Strategic Partnership Framework

This development builds on QDL's multi-channel collaboration with Time Out Group plc, announced in May 2025. The partnership encompasses both digital and physical expansion, with the launch of timeout.com/india alongside social and video platforms scheduled for mid-February 2026.

Quint Digital Limited holds exclusive options to explore opportunities across India on behalf of Time Out Group plc, positioning the company to progressively expand the Time Out Market footprint to key cities nationwide. The curation strategy focuses on craft, credibility, and cultural relevance, featuring award-winning chefs, iconic institutions, and emerging culinary voices.

Management Perspectives

Ritu Kapur, Managing Director and CEO of QDL, identified Delhi as the natural starting point for Time Out Market in India, emphasizing the city's scale, diversity, and energy as the template for nationwide expansion. Raghav Bahl, Director and Promoter of QDL, highlighted how the partnership combines Time Out's proven global model with QDL's strengths in content, digital publishing, and AI capabilities.

Chris Ohlund, CEO of Time Out Group plc, noted the company's expansion momentum, having opened three new Time Out Market sites each in 2024 and 2025, with five additional locations under development. The franchise agreement enables Time Out to expand its brand while building a strong digital-physical platform in India.

About the Companies

Quint Digital Limited operates as India's leading digital and media-tech, AI-focused company, creating innovative solutions with cutting-edge technology. The company maintains a significant minority stake in Lee Enterprises, Inc. and recently strengthened its capabilities through the acquisition of ListenFirst Media.

Time Out Group, launched in London in 1968, operates across over 350 cities in over 50 countries. Time Out Market represents the world's first editorially curated food and cultural market concept, with successful operations in over 10 cities including Lisbon, New York, and Dubai.