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.

Quint Digital Media , a prominent player in the digital media landscape, held its 40th Annual General Meeting (AGM) on September 16, 2025, marking significant changes in its leadership structure and strategic direction.

Key Leadership Changes

The company announced several important appointments and reappointments:

• Ms. Ritu Kapur: Re-appointed as Managing Director and CEO for a three-year term from February 19, 2026, to February 18, 2029. Ms. Kapur, co-founder of The Quint, brings over two decades of experience in broadcast media.

• Ms. Tara Bahl: Appointed as Non-Executive, Non-Independent Director. Ms. Bahl's diverse experience spans real estate, hospitality, and media, with previous roles at global media conglomerates like Paramount Global, NBCUniversal, and Fox.

• Mr. Tushar Tulsiram Patil: Appointed as Non-Executive, Independent Director for a five-year term. Mr. Patil, co-founder of Vaaji, brings over 25 years of experience in technology consulting and digital transformation.

Strategic Financial Decisions

The AGM also saw the approval of significant financial measures:

• Fund Raising: Shareholders approved an enabling resolution to raise capital through a Qualified Institutions Placement (QIP). The company can now issue equity shares and/or equity-linked securities for an aggregate amount not exceeding 250.00 crore rupees.

• Object Clause Alteration: The company received approval to alter the Object Clause of its Memorandum of Association, potentially broadening its scope of activities.

Governance and Compliance

• Secretarial Auditor: M/s. Rashi Sehgal & Associates was appointed as the Secretarial Auditor of the company.

• Director Reappointments: Mr. Raghav Bahl and Mr. Mohan Lal Jain were reappointed as directors.

Shareholder Participation

The AGM, conducted through video conferencing, saw active participation from shareholders. All resolutions put forth were passed with an overwhelming majority, with each receiving over 99.99% votes in favor.

Quint Digital's strategic appointments and financial decisions signal a robust approach to growth and governance. The company appears poised for expansion, leveraging its strong leadership team and the newly approved fund-raising capability.

As the digital media landscape continues to evolve, Quint Digital's moves suggest a focus on strengthening its market position and exploring new opportunities in the sector.