The Board of Directors in their meeting held on January 30, 2026, subject to the approval of the Members, considered and approved, the amendment to the Memorandum and Articles of Association ....
QUINT · price
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Quint Digital's Board, at its meeting on January 30, 2026, approved two key changes, both subject to shareholder approval. First, a reclassification of the authorised share capital: the existing structure of 21 crore equity shares of ₹10 each (total ₹210 crore) will be replaced by 10 crore equity shares of ₹10 plus 1.10 crore preference shares of ₹100 each, keeping the total authorised capital unchanged at ₹210 crore. Second, the company will adopt a fully revised set of Articles of Association to align with recent SEBI and Ministry of Corporate Affairs amendments to the Companies Act, 2013 and listing rules. The revisions are aimed at strengthening corporate governance, improving operational flexibility, and updating the company's internal management framework with current statutory norms.
These are governance and structural housekeeping changes and do not immediately affect shareholders' holdings or the stock price. However, the introduction of preference shares into the capital structure may signal the company's intention to explore future fundraising options, which shareholders should watch for in subsequent announcements.