Quint Digital Limited has officially announced the completion of its postal ballot process with the submission of voting results and scrutinizer's report to BSE Limited under Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company successfully secured overwhelming shareholder approval for both resolutions through remote e-voting conducted between February 4 and March 5, 2026.

Official Communication to BSE

Company Secretary Tarun Belwal formally communicated the postal ballot results to BSE Limited on March 5, 2026, providing comprehensive voting results and the scrutinizer's report as mandatory disclosures. The communication included detailed annexures containing voting statistics and the independent scrutinizer's assessment of the entire process.

Postal Ballot Process Overview

The postal ballot addressed two critical corporate resolutions with exceptional shareholder participation. The process was conducted entirely through remote e-voting, eliminating physical postal ballot forms in compliance with MCA circulars and regulatory guidelines.

Resolution 1: Share Capital Reclassification Results

The first ordinary resolution concerning reclassification of authorised share capital received overwhelming support from shareholders across all categories. The resolution enables the company to restructure its capital base to include both equity and preference shares.

Resolution 2: Articles of Association Amendment

The second special resolution for adopting amended and restated Articles of Association also secured requisite majority approval. This resolution aligns the company's governance framework with recent regulatory developments by SEBI and the Ministry of Corporate Affairs.

Scrutinizer's Independent Assessment

Mr. Devesh Kumar Vasishth of DPV & Associates LLP, appointed as the independent scrutinizer, confirmed the validity and transparency of the entire postal ballot process. The scrutinizer's report validated compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI LODR regulations.

The scrutinizer confirmed that both resolutions were deemed passed on March 5, 2026, being the last date of remote e-voting. The process included proper newspaper advertisements in Financial Express and Jansatta, ensuring adequate member notification. The complete voting results and scrutinizer's report are available on the company's website at quintdigital.in for stakeholder reference.

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.