Quint Digital Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2025 ,inter alia, to consider and approve the notice of the 40th Annual ....
QUINT · price
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Awaiting price reaction for this filing.
Quint Digital Ltd has informed BSE that its Board of Directors will meet on Tuesday, May 27, 2025, primarily to consider and approve the notice of the 40th Annual General Meeting (AGM) of the company. Separately, the company has flagged that at the upcoming AGM it will seek shareholder approval (an enabling approval) to authorise the Board to raise capital of up to Rs. 250 crore, in one or more tranches, through the issuance of equity shares and/or equity-linked securities, including via the Qualified Institutions Placement (QIP) route. The capital raise is subject to applicable regulatory and statutory approvals. The filing is being made under Regulation 29 of the SEBI Listing Regulations, which governs prior intimation of board meetings.
No immediate impact on the stock from this notice itself — it is a procedural intimation. However, shareholders should note that an enabling approval is being sought at the AGM to let the Board raise up to Rs. 250 crore of fresh equity/equity-linked capital, which could lead to potential dilution if and when the Board decides to act on this authorisation.