Please find enclosed intimation regarding execution of the Agreements
QUINT · price
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Awaiting price reaction for this filing.
Quint Digital Limited has signed a sub-lease agreement with Alborz Developers Limited to set up the first Time Out Market in Delhi, India. The company has taken on sub-lease 24,465 sq. ft. of space on the Lower Ground and Ground Floor at 5 Worldmark, Aero City, near IGI Airport, New Delhi. The sub-lease tenure is five years with a 36-month lock-in period from the rent commencement date, and Zinata Developers Private Limited will provide maintenance services. The filing clarifies that Alborz Developers is not a related party, and Quint Digital holds no shareholding in the counterparty. This follows up on an earlier intimation from May 27, 2025.
This marks Quint Digital's entry into the hospitality/F&B space by bringing a globally recognized lifestyle brand (Time Out Market) to India for the first time, which could diversify revenue streams. Shareholders may view it positively, but near-term financial impact will depend on execution and footfall at the Delhi location.