Please find enclosed Notice of Postal Ballot dated January 30, 2026.
QUINT · price
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Awaiting price reaction for this filing.
Quint Digital Limited is seeking shareholder approval through a postal ballot for two resolutions. The first is an Ordinary Resolution to reclassify the Authorised Share Capital of Rs. 210 crore, converting part of it into 1.1 crore Preference Shares of Rs. 100 each (alongside 10 crore equity shares of Rs. 10 each), from the current 21 crore equity shares of Rs. 10 each. The second is a Special Resolution to adopt amended and restated Articles of Association (AOA) to strengthen corporate governance and align with current industry practices. The company says the reclassification is intended to facilitate fund raising and provide flexibility in capital structure. E-voting is being conducted by CDSL from February 4, 2026 (9:00 AM) to March 5, 2026 (5:00 PM), with the cut-off date being January 30, 2026.
The creation of a preference share class suggests the company may be preparing to raise capital via non-equity instruments, which could affect future dilution, dividend payouts, and shareholder returns. The AOA amendment gives the board broader operational and governance flexibility. Shareholders should review both resolutions and cast their e-vote before March 5, 2026.