Company Update

Quint Digital Ltd has announced the allotment of 82,61,401 partly paid-up 10% non-cumulative non-participating compulsorily convertible preference shares of face value ₹ 100 each, alongside an equal number of partly paid-up detachable warrants issued at ₹ 10 each through its rights issue.

Shareholders have paid 50% on application for the preference shares and 50% for the warrants, with the remaining balance payable on call.

This capital raising initiative alters the company's financial structure by introducing preference shares valued at 41.31 Cr and warrants valued at 4.13 Cr, impacting the overall capitalization and providing capital for ongoing operations.