Quint Digital Media , a prominent player in the digital media landscape, has made strategic moves to enhance its corporate governance structure. The company has announced the appointment of two of its independent directors to the boards of its material subsidiary companies, effective October 1, 2025.

Key Appointments

• Mr. Parshotam Dass Agarwal has been appointed as a Director at Global Media Technologies Inc.
• Mr. Tushar Tulsiram Patil joins the board of Quintype Technologies Inc.

These appointments are in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, which mandate the presence of independent directors on the boards of material subsidiaries.

Profile of Appointed Directors

Mr. Parshotam Dass Agarwal

Mr. Agarwal brings a wealth of experience to his new role:

• Over 44 years of corporate experience across various sectors
• Extensive background in textiles, manufacturing, and executive roles
• Held key positions in renowned companies:
  • President in the Birla Group
  • Chief Executive Officer at Surya Roshni Limited
  • President at Shree Krishna Paper Mills Ltd.
  • Executive Director in the OP Jindal Group

His educational background includes:

• Bachelor's degree in Commerce from Ravishankar University, Raipur
• Bachelor's degree in Law (LLB) from the University of Delhi
• Master's degree in Business Administration from the Faculty of Management Studies, University of Delhi
• Certified Director from the Institute of Directors

Mr. Tushar Tulsiram Patil

Mr. Patil's appointment brings a strong technology and entrepreneurial perspective:

• Co-founder of Vaaji, an innovative venture integrating IoT, AI, and data for enhanced transdermal therapeutics safety
• Former Managing Director at Nagarro, a leader in digital product engineering
• Ex-Managing Director and Partner at ATCS, where he played a crucial role in global expansion

His professional highlights include:

• Over 25 years of international experience in technology consulting and digital transformation
• Expertise in advising Fortune 500 companies on aligning technology investments with business strategy
• Proven track record in strategic planning, sales, global operations, and corporate governance

Mr. Patil holds a Bachelor's degree in Industrial Electronics and an MBA from Columbia Business School.

Implications for Quint Digital

These appointments underscore Quint Digital's commitment to robust corporate governance and compliance with regulatory requirements. By bringing experienced professionals onto the boards of its material subsidiaries, the company aims to enhance oversight and strategic guidance across its group structure.

The diverse backgrounds of Mr. Agarwal and Mr. Patil, spanning traditional industries and cutting-edge technology sectors, are expected to provide valuable insights as Quint Digital navigates the evolving digital media landscape.

As the digital media industry continues to transform rapidly, these governance enhancements position Quint Digital to leverage expert guidance in both operational excellence and technological innovation across its subsidiary operations.

Quint Digital Media , a prominent player in the digital media landscape, has secured shareholder approval for significant business expansions and a capital raising initiative. At the company's 40th Annual General Meeting (AGM) held on September 16, shareholders approved amendments to the Memorandum of Association and gave the nod to raise up to INR 250.00 crore through a Qualified Institutions Placement (QIP) of equity shares and equity-linked securities.

Key Highlights of the AGM

Business Scope Expansion

Shareholders approved amendments to the Memorandum of Association, adding three new sub-clauses that expand the company's business scope:

1. Hospitality operations including hotels, restaurants, cafes, and entertainment services
2. Experiential food and cultural markets, including curated food halls, gastronomic hubs, and cultural showcases
3. Real estate activities covering acquisition, development, and operation of various property types including residential, commercial, and mixed-use properties

Capital Raising Approval

• Shareholders approved the resolution to raise up to INR 250.00 crore through QIP, to be conducted in one or more tranches.
• The QIP will be executed in accordance with SEBI regulations and Companies Act provisions, with flexibility for other permissible modes as deemed appropriate under applicable law.

Meeting Details

The AGM was conducted via video conferencing and concluded within 45 minutes, reflecting the company's efficient management of the virtual format.

Leadership Changes and Reappointments

The AGM also saw several key decisions regarding the company's leadership:

• CEO Reappointment: Ms. Ritu Kapur was reappointed as the Managing Director and Chief Executive Officer for a further period of 3 years, from February 19, 2026, to February 18, 2029.
• New Board Additions:
  • Ms. Tara Bahl was appointed as a Non-Executive, Non-Independent Director, effective August 18.
  • Mr. Tushar Tulsiram Patil joined as a Non-Executive, Independent Director for a five-year term, also effective from August 18.

Corporate Governance Measures

In line with best practices in corporate governance, the company took several noteworthy steps:

• Secretarial Auditor: M/s. Rashi Sehgal & Associates was appointed as the Secretarial Auditor of the company.
• Object Clause Alteration: Shareholders approved the alteration of the Object Clause in the company's Memorandum of Association, signaling new strategic directions in hospitality, experiential markets, and real estate.

Voting Results

The meeting saw strong shareholder participation, with all resolutions passing by an overwhelming majority:

The strong support for these resolutions indicates shareholder confidence in the company's strategic direction and leadership.

Quint Digital Media's move to expand its business scope and raise capital through QIP comes at a time when digital media companies are seeking to diversify their operations and strengthen their financial positions. The successful approval of these resolutions provides the company with the strategic flexibility to pursue new business ventures and potentially fuel its next phase of growth across multiple sectors.