Notice of 40th Annual General Meeting of the Company to be held on Tuesday, September 16, 2025, at 04:00 pm IST through Video Conferencing/ Other Audio Visual Means.
QUINT · price
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Quint Digital Limited has called its 40th AGM on September 16, 2025, at 4:00 PM via video conferencing, with the record date set for September 9, 2025 and book closure from September 10-16, 2025. A key item on the AGM agenda is an enabling resolution to raise up to INR 250 Crore through equity shares or equity-linked securities (potentially via Qualified Institutions Placement) in one or more tranches. The company has submitted its FY2024-25 Annual Report along with the AGM notice, as required under SEBI Listing Regulations. FY25 financials show operating revenue of INR 1,087 Lakhs, net worth of INR 30,022 Lakhs, cash equivalents of INR 14,181 Lakhs, but a sharp drop in PAT to INR 153.50 Lakhs (from INR 3,898 Lakhs in FY24) and a loss before tax of INR 141 Lakhs. The merger of Quintillion Media with Quint Digital has been approved by NCLT, and the company continues to hold a 12.42% stake in NASDAQ-listed Lee Enterprises.
Shareholders should note the proposed capital raise of up to INR 250 Crore could lead to dilution if approved, though it is only an enabling resolution at this stage. The significant decline in profitability and weak FY25 numbers may weigh on sentiment, while the AGM and e-voting process (September 13-15) will determine the outcome of the capital raise proposal.